In Other News, Mohamed El-Erian Still Has A Box Of Party Hats That Aren't Going To Wear Themselves

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In mid-February, a group of current and former Pimco employees were invited to a private farewell party for Mohamed El-Erian on March 10, to mark his impending departure as chief executive of the world's largest bond fund. El-Erian soon realized it was not a good idea, according to three sources who had received the invitations and are in contact with him...El-Erian postponed the party soon after the March 6 Reuters report, suggesting to colleagues and friends that he did not want things to become awkward for his guests, and out of respect for the tense situation at Pimco, the sources said. [Reuters, earlier]

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