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Opinion
Matthew C Klein

Everybody Should Get Off Bill Gross's Back

Bill Gross, the legendary bond-fund manager may be quirky, but that's no reason to send him out to pasture.
Pimco's Bill Gross has an investment record that almost no one can top, so why should he retire? Photographer: Scott Eells/Bloomberg
Pimco's Bill Gross has an investment record that almost no one can top, so why should he retire? Photographer: Scott Eells/Bloomberg

The Wall Street Journal's colorful account of managerial tensions at the Pacific Investment Management Co. has led Felix Salmon to argue that legendary bond investor Bill Gross should retire. According to Salmon, the article makes Gross out to be an egotistical tyrant whose "natural tenure at Pimco has come to an end." I don't buy it.

Salmon's argument rests on a few unsupported claims about Pimco's clients: