In the Margins

Gross left handwritten resignation in 'middle of the night,', PIMCO says

April 5, 2016

By The Wall Street Journal

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

Top of the Agenda - Compensation
Fund board pay increases in 2023, MPI survey says

Independent mutual fund directors saw an increase in compensation in 2023, on average, although actual compensation levels and percentage adjustments in compensation continue to vary widely ...

10 Things
10 Ways…to improve fund board diversity

Mutual fund directors are increasingly interested in enhancing diversity on their boards. The following practical tips on improving board diversity are derived from discussions with directors, ...