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In 2014, before Mohamed El-Erian abruptly resigned as CEO of Pacific Management Investment Co., the Newport Beach firm where he was expected to take over for Bill Gross, Pimco's co-founder and former chief investment officer, the two clashed over tactics and Gross' management style.
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Typically, they receive a fee of 2 percent of the gross assets under management, much of which comes from employee pension funds, plus 20 percent of any increase in value.
"We cannot imagine circumstances in which we would be satisfied with any outcome that does not hold senior executives to account at News Corporation for the gross failures of management at The News of the World," the church wrote in the letter, published on its web site.
Our estimates measure pretax gross earnings before management fees and other expenses.
You worry about bookings and gross profit and larder management.
Participation in the plan bars investors from suing Ambac management for gross negligence, for example.
"We had a solid quarter in private banking, with strong inflows across all regions and a high gross margin in wealth management," Mr. Dougan said.
The United States trustee has filed a motion seeking the appointment of a trustee in the Dynegy Holdings bankruptcy case, citing "gross mismanagement by current management".
MISMANAGEMENT CHARGED The United States trustee has filed a motion seeking the appointment of a trustee in the Dynegy Holdings bankruptcy case, citing "gross mismanagement by current management".
Even now, he still sees excellence and suffering as interconnected: "The restaurant industry is brutal: you work your arse off; you worry about bookings and gross profit and larder management.
Ofcom today accused GCap Media of a "gross failure" of senior management and of obstructing its investigation into a phone-in scandal, which contributed to the communications regulator hitting the radio group with a record £1.11m fine.
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