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Rating:SocGen Execs Also Talked About Ousting Gundlach Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 07, 2011

SocGen Execs Also Talked About Ousting Gundlach

News summary by MFWire's editors

Executives at Societe Generale, Trust Company of the West's (TCW [see profile]) parent, talked about ousting TCW chief investment officer Jeff Gundlach six months in advance. That's the latest tidbit to come out in the trial of the battle between TCW and Gundlach, now head of DoubleLine [see profile].

To read the rest of the story of the fight between Gundlach and TCW, click here.

Pensions & Investments' Randy Diamond reported on yesterday's testimony in the trial.

The revelations came out thanks to e-mails displayed in court yesterday. SocGen's Jean-Pierre Mustier wrote on June 13, 2009 that Gundlach "should be removed". On June 6, Mustier wrote "they're looking at our options to force him out." Yet in testimony read into the record yesterday, SocGen deputy CEO Severin Cabannes said SocGen left the decision of what to do about Gundlach to TCW. 

Edited by: Neil Anderson, Managing Editor

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