Mohamed El-Erian

PIMCO Paid Bill Gross & Mohamed El-Erian Over $500 MILLION Dollars In 2013 Bonuses

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Bill Gross and Mohamed El-Erian

– Pimco Paid Gross, El-Erian Over Half A Billion Dollars In 2013 Bonuses (ZeroHedge, Nov 14,  2014):

And a stunner just out of of Bloomberg:

PIMCO PAID GROSS $290 MILLION BONUS FOR 2013, DOCUMENT SHOWS
PIMCO PAID FORMER CEO EL-ERIAN ABOUT $230 MLN BONUS IN 2013

More from the source:

Pacific Investment Management Co. paid its former Chief Investment Officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco’s bonus policies.

Read morePIMCO Paid Bill Gross & Mohamed El-Erian Over $500 MILLION Dollars In 2013 Bonuses

Mohamed El-Erian Quits Pimco, Becomes A Blogger

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… a well-paid blogger.

Mohamed El-Erian

– Mohamed El-Erian Quits Pimco, Becomes A Blogger (ZeroHedge, April 14, 2014):

We realize the future for blogging was bright, but this bright? Moments ago, Bloomberg View, Bloomberg’s in house blogging operation, announced that El-Erian had joined it as a columnist. And just like that Mohamed has his own unedited venue in which to spill all the dirt on his former employer.

From BusinessWeek:

Bloomberg View today announced that Mohamed A. El-Erian is joining the opinion and analysis site as a daily columnist covering economic developments, policy and financial markets.

“Mohamed is one of the world’s most highly-regarded financial and economic observers – and he’s also a wonderful writer” said David Shipley, the senior executive editor of Bloomberg View. “We’re thrilled that he’s going to be sharing his insights with our readers on a daily basis.”

Read moreMohamed El-Erian Quits Pimco, Becomes A Blogger