When Mr Gross expressed frustration with his company and suggested he may be looking for a new berth, Mr Weil promised to “move heaven and earth” to accommodate him at Janus. At the moment, that means furnishing a permanent office to Mr Gross’s liking in Newport Beach, California, just yards from Pimco. Rather than giving him a large team to manage and a desk on an open plan trading floor, Mr Gross will work behind a closed door. The aim is to prevent the kinds of outbursts that upset many Pimco staff. Mr Weil says he “wouldn’t dispute” the characterisation that Mr Gross has to be managed with kid gloves. “Bill likes quiet time to think, and our job is to make this fun and successful for Bill so he does it for a long time.” [FT, related, related, related]
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