How Should PIMCO Decorate The Bill Gross Room?

And what part of the director emeritus' personality should the "Bill Gross Award" recognize?

A year after he was fired by or resigned from PIMCO, Bill Gross sued the company he founded 44 years earlier for his “self respect,” and also $200 million. The self-proclaimed Secretariat of bond-fund management was confident he’d prevail, in spite of the resignation letter he scrawled before leaving the office for the last time without telling anyone. For its part, PIMCO just seemed desperate to put the whole thing behind it—that thing being Bill Gross, a name its new management was doing all it could to scrub from the company’s collective memory.


How much did Bill Gross not want that to happen? Enough to leave $119 million he’d pledged to charity on the table. And what has that $119 million bought him?

For starters, the “Bill Gross Founders Room,” presumably the men’s room housing Gross’ worst nemesis this side of Mohamed El-Erian, the automatic flushing toilet. A few tasteful pictures of Bob Gross the girl cat and stately golden retrievers, and perhaps a shower stall with a panoramic view of the Pacific, complete the redecoration.

Next, an annual “Bill Gross Award.” What exactly will be rewarded with it is unclear, but the employee with the fewest number of communication demerits has to be the early favorite.

Finally, the empty title of “Director Emeritus” at PIMCO, which is strange, given that he has the actual title of “portfolio manager” at Janus Capital Group, a mutual fund firm in direct competition with PIMCO.

Pimco said in a statement Monday that it "recognizes the enormous contribution to its success made by Mr. Gross…."

"Pimco has always been family to me, and, like any family, sometimes there are disagreements," Gross said in a Monday press release. "I'm glad that we have had the opportunity to work through those ... I am honored to be included in their ranks and to know that Pimco is in capable hands."

Gross’ colleagues at Janus would presumably like to see PIMCO in significantly less than capable hands, by Gross has already shown himself quite unconcerned with their feelings.

Bill Gross settles lawsuit against Pimco for $81 million and a nameplate: Sources [CNBC via Yahoo! Finance]
Pimco Close to Settling Breach-of-Contract Suit With Former Manager Gross for $81 million [WSJ]
Bill Gross and Pimco Settle Suit Over His Ouster [DealBook]



PIMCO: Bill Who?

Bill Gross increasingly furious that his old firm keeps texting back "New phone, who dis?"

Bill Gross's Mustache Is Never Coming Back

Has there ever been a person in your life you didn't realize how much meant to you 'til they were gone? Who you would have treated better if you'd known your final day with was your last? Who you would have begged to stay? Who you assumed would be back eventually but as the weeks, months, and years crept on forced you to come to the hard realization that the next and only time you'd see them would be in your dreams, because they were never coming back? Whose permanent absence, once finally accepted it, hit you like a ton of bricks? Then you know how people involved with Bill Gross's Mustache feel today. Once a daily presence on the PIMCO manager's face, the BGM went away for a while but it was assumed not for good because how could that be? Why would that be? It felt impossible. Then this happened: Bloomberg's Tom Keene: When does the mustache come back? Gross: Never. My wife has finally adjusted, so it's not coming back. If you never got to say a proper good-bye, if you would have done things differently, if you feel like the wind's been knocked out of you, if you can't bear the thought of being alone tonight, join us as we light a candle in memoriam. Bill Gross's mustache in deep contemplation Bill Gross's mustache in an insane asylum Bill Gross's mustache mustache so stoned it can't feel its face Bill Gross's angry mustache! Bill Gross's suicidal mustache Bill Gross's mustache undressing you with its mind ... Pimco's Gross on Financial Repression, ETF, Greece [Bloomberg]