Significant underperformance coupled with the exit of high-profile CEO Mohamed El-Erian caused Gross to re-evaluate the way he was running the firm.» Read More
Mohamed El-Erian of Pimco announced he is resigning as CEO and co-CIO of the company. Quartz reporter Matt Phillips, and Wall Street Journal reporter Tom Lauricella, share their opinions.
In an abrupt move, Mohamed El-Erian is resigning as CEO of PIMCO. CNBC's Michelle Caruso-Cabrera discusses the potential reason why El-Erian is leaving the world's largest bond manger.
CNBC.com Managing Editor Allen Wastler reports Pimco's co-CIO and CEO Mohamed El-Erian resignation, where the super-rich are stashing their cash, and Warren Buffett's $1 billion March Madness prize, are among the hottest topics for CNBC.com readers.
CNBC's Dominic Chu reports Pimco's co-CIO and CEO Mohamed El-Erian will leave Pimco in mid-March.
Mohamed El-Erian, CEO and co-CIO of Pimco, provides his outlook on Fed policy, markets and the U.S. economy. Rates will stay lower than markets anticipate right now, says El-Erian. It is unlikely we will end up with high single-digit growth this year.
PIMCO CEO & co-CIO Mohamed El-Erian shares his predictions for the Fed's monetary policy strategy, and how investors should bet on fixed income and equities.
The deal reached also fails to address fundamental issues, said Pimco's Mohamed El-Erian told CNBC on Thursday.
We got a compromise because both parties were "exhausted," says Mohamed El-Erian, CEO and co-CIO of Pimco.
In 2011, debate raged in the markets over whether the Fed would embark on a third round of massive bond purchases. Pimco wasn't waiting to find out.
Pico CEO and co-CIO Mohamed El-Erian discusses the markets and his opinion on events in Syria as well as whether he will upgrade his outlook on the global economy.
Mohamed El-Erian, CEO and co-CIO, PIMCO, says it's important to draw lessons from yesterday's Nasdaq debacle. He also addresses the "wedge," and whether the underlying economy is strong enough to withstand its removal. He also addresses the current situation in Egypt and the Middle East.
Mohamed El-Erian, Pimco CEO & co-CIO, shares his perspective on how Friday's jobs report will likely impact the Fed's decision on tapering.
Ben Bernanke is going to "try not to rock the boat," says Mohamed El-Erian, Pimco CEO & co-CIO, providing perspective on Fed policy and what the chairman is likely to say at tomorrow's hearing on Capitol Hill and its impact on the markets.
Economic growth isn't coming fast enough to the justify the artificially high asset prices created by the Fed's massive bond-buying program, Pimco's Mohamed El-Erian tells CNBC.
Pimco's Mohamed El-Erian says it is a difficult time for investors, who should "step back from risk a little bit."
Mohamed El-Erian, Pimco CEO & co-CIO, explains what's driving market volatility, as the markets hope "real growth" will begin to replace "artificial growth."
Pimco's Mohamed El-Erian explains how higher Treasury yields and Japan's economic experiment are impacting global markets.
Pimco's chief explains the dangers of unprecedented central bank experiments.
Mohamed El-Erian, CEO and co-CIO at Pimco, explains how the Fed is spurring economic growth in spite of the stalemate in Congress.
Mohamed El-Erian, Pimco CEO & co-CIO, provides perspective on the fiscal debate raging on Capitol Hill, and explains why it's important to have a "framework" in place to deal with the nation's debt problems.