Nov. 14 (Bloomberg) — Pacific Investment Management Co. paid its former Chief Investment Officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimco's bonus policies.
Mohamed El-Erian, 56, the former chief executive officer who previously shared the title of CIO with Gross, received a 2013 bonus of about $230 million, according to figures first reported today by Bloomberg View columnist Barry Ritholtz.
By comparison, Laurence D. Fink, CEO of BlackRock Inc., the world's biggest money manager, received $22.9 million in 2013 compensation, and Michael Diekmann, CEO of Pimco's parent Allianz SE, was paid 7.2 million euros ($8.99 million), regulatory filings show.
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