Tough words for this top firm CEO.
Fresh 5 year low share price for tanking SocGen as Oudea continues to have no idea what he is doing except running the bank into the ground.— Jeffrey Gundlach (@TruthGundlach) February 7, 2019
.The French bank said earlier in the day that it’s shrinking its markets business and cutting an additional 500 million euros of costs to combat a market rout that sent trading revenue tumbling.
Gundlach is an American investor and businessperson. He is the founder of DoubleLine Capital LP, an investment firm. According to Forbes, his net worth is estimated to be in excess of around $2bn.