Fund manager started a conga line on the trading floor

Conga Line Vintage

Among the soundbites that came from a lengthy and, at times, bizarre interview with Bill Gross on Tuesday afternoon, was the fact that the bond fund manager started a conga line on the trading floor 'to let employees know it was okay to scream and shout and let it all out'.

MarketWatch reports that in an interview on CNBC Tuesday afternoon, Gross cited that as one example of his attempts to loosen up the culture at Pimco. Gross also said that he instituted a time where employees could play rock songs.

His conduct was blamed in a front-page Wall Street Journal article for the decision of Chief Executive Officer Mohamed El-Erian to announce his resignation last month.

In the CNBC interview, Gross defended himself against the article, which suggested his hard-charging personality and intolerance of dissent ultimately pushed El-Erian out the door. Gross founded Pimco, and was largely responsibly for building it into a firm with $2tril in assets under management.

To access the complete MarketWatch article hit the link below:

Bill Gross instituted a conga line on the Pimco trading floor 

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image: © Frank Patten

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