Bill Gross: PIMCO Fired Me (JNS)

Bill Gross, of Janus Capital (NYSE: JNS), said PIMCO fired him after he suggested a smaller role in the firm.

Speaking with Bloomberg on Monday, it was the first time Gross acknowledged that he was dismissed.

Gross said the move came after he offered to step down from PIMCO's executive committee and oversee closed-end funds. Gross noted that his suggestions followed spats with management over his personality and direction of the firm.

For some reason still unbeknownst to me they didn’t think that was a good idea and they did fire me ... In the last few weeks, it blindsided me; I had no idea that an executive committee could fire a founder and the titular leader of the company, Gross stated.

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