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Bill Gross Settles Lawsuit Against Pimco For $81 Million And A Nameplate:
FYI: Bill Gross, who was fired from Pimco four decades after he co-founded the investment firm, has settled his lawsuit against the company for just over $81 million, sources told CNBC on Monday. He also gets a "Founders Room" named after him at the company's Newport Beach headquarters, along with the launch of a "Bill Gross Award," according to a Pimco press release. Regards, Ted http://www.cnbc.com/2017/03/27/bill-gross-settles-lawsuit-against-pimco-for-81-million-sources.html
I think Gross is allowed to have an ego, however gross that might be to others. If PIMCO was oh-so-righteous, they should not have settled. Settling for money might be excused for not wasting money in protracted legal battle in the best interests of themselves and shareholders. Having Gross name permanently at PIMCO is an acknowledgement.
I know I'm in the minority here. I'm not saying Gross walks with Angels, but in the cauldron of sins, I still think his has 1 less than PIMCO's.
Comments
I think Gross is allowed to have an ego, however gross that might be to others. If PIMCO was oh-so-righteous, they should not have settled. Settling for money might be excused for not wasting money in protracted legal battle in the best interests of themselves and shareholders. Having Gross name permanently at PIMCO is an acknowledgement.
I know I'm in the minority here. I'm not saying Gross walks with Angels, but in the cauldron of sins, I still think his has 1 less than PIMCO's.