In the Margins
Bill Gross resigned from PIMCO in 2014 via a handwritten letter left “in the middle of the night,” according to a court filing from the firm. The note executives found Sept. 26, 2014, was addressed to “CEO, PIMCO” and stated: “This letter will confirm my resignation from PIMCO as of Sept. 26th, 2014 at 6:29 AM PST,” PIMCO said in its filing. The letter was signed “William H. Gross.” Read the original story from The Wall Street Journal.
Most Read
Securities and Exchange Commission Chairman Gary Gensler’s fast and furious rulemaking era will soon be ending, and it is a good time to take stock of ...
Congress created business development companies in 1980 to support job growth and help emerging companies raise funds. As of 2023, there were 139 BDCs with $312 ...
The Vanguard board expects to add two new independent directors in early 2025 to fill seats that will be vacated when two long-serving independents retire. The ...
The bottom line: In the near term, it’s not likely that the roles and activities of mutual fund directors will change much. There will be no ...