According to a former consultant for Trust Company of the
West (TCW [see profile]
) under Jeff Gundlach
Gundlach thought he would be taking over for Pimco
superstar Bill Gross
. Yesterday Roger Brossy
testified that Gundlach (now CEO of DoubleLine [see profile]
revealed negotiations with Pimco before TCW fired him.
To read the rest of the story of the fight between
Gundlach and TCW, click
and the Los Angeles Times
both reported on
"Pimco wants me to succeed Gross," Gundlach said in early
2009, according to Brossy.
Gundlach claims he had no intention of leaving TCW and
that his former employers fired him to avoid shelling out
hundreds of millions of dollars in fees. TCW, on the other hand, describes the firing as a safeguard, alleging that Gundlach and his colleagues were swiping trade secrets and planning to jump ship.
Neil Anderson, Managing Editor
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