Former CEO Mohamed El-Erian received a bonus of $230 million and co-founder and former CIO Bill Gross walked away with $290 million. John Martini, Reed Smith LLC Partner, and "Shark Tank" investor Kevin O'Leary provide perspective into the board's approval.» Read More
According to sources, it appears Pimco's Bill Gross was well aware he was on his way out, reports CNBC's David Faber. Gross has announced he is leaving Pimco for Janus Capital.
According to Dow Jones, Pimco deputy CIO Dan Ivascyn is likely to take over portfolio management at Pimco. CNBC's Dominic Chu has the details.
Bill Gross is one of the most respected and colorful investors on Wall Street, the New York Times reports.
Amid the departure of Bill Gross from Pimco, James Stewart of The New York Times, shares his thoughts on Gross' recent performance and reports of erratic behavior.
Though Bill Gross' exit from the firm he co-founded was shocking, mutual fund pioneer Jack Bogle had high praise for the "Bond King."
John Bogle, Vanguard founder, provides insight on the departure of Bill Gross from Pimco and the opportunity for Janus Capital. Bogle says Gross is a true giant and legend in the industry.
CNBC's David Faber reads the first statement issued from Pimco after reports said Bill Gross is leaving the firm for Janus Capital.
CNBC's Andrew Ross Sorkin explains the details of how portfolio manager Bill Gross landed at Janus Capital. Sorkin says people very close to Pimco had no idea Gross was leaving.
Legendary portfolio manager Bill Gross is leaving Pimco to manage the Janus Global Unconstrained Bond Fund. CNBC's David Faber and Jim Cramer discuss the stunning news.
According to a news wire report, Bill Gross will manage the Janus Global Unconstrained Bond Fund beginning Monday, September 29th. Rebecca Patterson, Bessemer Trust managing director and CIO, shares her thoughts.
The SEC is probing whether Pacific Management Company inflated returns on its Pimco Total Return ETF, The Wall Street Journal reports.
Mihir Worah, Deputy CIO of PIMCO, says Chinese, Indian and Malaysian stocks offer attractive capital gains due to cheap valuations and domestic reforms.
The Fed said some assets are overvalued, but we are unlikely to see tighter rates to nip bubbles for now. Financial Times reports.
CNBC's Steve Liesman and Paul McCulley, Pimco chief economist, provide perspective on Tuesday's retail sales numbers and weigh in on Fed policy ahead of Janet Yellen's Capitol Hill testimony.
Paul McCulley, Pimco chief economist, provides perspective on why the banking sector will have to change its current business model.
Paul McCulley, Pimco chief economist, shares his thoughts on Fed policy, Janet Yellen and interest rates.
The Fed needs to get off of zero interest rates in a reasonable time frame, says Paul McCulley, Pimco chief economist, discussing the Fed exiting its easy money policy.
Bill Gross is my friend, says Paul McCulley, Pimco chief economist, talking about his return to Pimco after the departure of Mohamed El-Erian. Pimco is in my blood, says McCulley.
The Fed has been successful against great odds and a great deal of criticism from Wall Street, says Paul McCulley, Pimco chief economist, sharing his thoughts on Fed policy, Janet Yellen and the economic recovery.
So far this year, bond yields have thwarted forecasts they would rise, but many analysts are sticking with their calls for a march higher.