The compensation committee keeps the minutes of its meetings private, but considering that Gross far surpassed any expectations parent company Allianz might've set in the aforementioned areas, it seems obvious crows1 and alienation figured significantly in his 2013 pay.
Pacific Investment Management Co. paid its former Chief Investment Officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco’s bonus policies...Compensation for money managers is typically tied to the amounts they oversee and the returns they produce. Gross and El-Erian together were responsible for the firm’s almost $2 trillion in assets as co-CIOs in 2013. Gross’s main fund, Pimco Total Return, trailed 65 percent of peers in 2013, after beating 90 percent of peers in 2012, according to data compiled by Bloomberg...Gross’s reward accounted for 20 percent of the firm’s total bonus pool, according to the documents. His Pimco Total Return more than doubled in size from 2008 to its peak of $293 billion in April 2013, when it was world’s biggest mutual fund. The fund then stumbled when the Federal Reserve hinted it would unwind stimulus measures, sparking investor redemptions. By October, Pimco Total Return had ceded the title of biggest mutual fund to an offering from Vanguard Group Inc. After 18 straight months of client redemptions, it’s been reduced to $170.9 billion in assets as of Oct. 31, according to Pimco.