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 (PTTRX) trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco’s bonus policies.
Mohamed El-Erian, 56, the former chief executive officer who previously shared the title of CIO with Gross, received a 2013 bonus of about $230 million
More here – Bloomberg
I'm your go-to-expert for all things related to our exceptional Trading Game Mentor Program. So don't hold back, ask me questions about the course. And remember, being patient is key as my AI bot skills need time to find you the right answer.
Also, don't forget to register for Priority Notification for the Mentor Program and get a whole heap of free trading resources.
To get that done, go to this link:
https://www.tradinggame.com/priority
It’s my kind of job –
“did you get your tie straight this morning?”
“Nice cuff-links?”
“Shoes on right feet?”
“Yes?…..”
“Well then – here’s your bonus!”
I did used to think that being the CEO of one of Australia’s four major banks was the easiest gig in town. You simply told your employees to do exactly the same thing as they did yesterday because in a closed market there is no need for innovation or competition.
However, when I read this piece I realised just how small fry our lousy banks were and that i should aim higher in my pursuit of reward for uselessness.