Bill Gross, founder of Pimco, and its chief investment officer for the past 40 or so years, resigned last week. Rumor has it that he was but two steps ahead of a mutinous gang, swords out, planning to make him walk the plank. Gross was too quick and before the mutineers could force him, he jumped ship — and landed at Janus Capital. There, we surmise, he was given a slug of equity and a free hand to run a smaller, more nimble fund.
On his way out of Pimco, Gross penned a heartfelt farewell letter to his former colleagues. But so great was his haste that he never hit “send.”
Fortunately for you, dear reader, we managed to get our hands on a copy of that e-mail, which we reproduce below and without further comment:
I can add colours to the chameleon,
Change shapes with Proteus for advantages,
And set the murderous Machiavel to school.
Dear Friends, Colleagues and Co-workers,
http://www.bloombergview.com/articles/2014-10-03/bill-gross-s-investor-outlook-on-palace-coups
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