Top firm CEO criticised on Twitter for having 'no idea what he is doing'

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Tough words for this top firm CEO.

Bloomberg News reports that DoubleLine Capital CEO Jeffrey Gundlach had tough words for the head of Paris-based Societe Generale, Frederic Oudea, after its shares fell to a five-year low on Thursday.

.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.

Gundlach Says SocGen CEO Has ‘No Idea What He Is Doing’

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