– 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.