More Conflict At Pimco Surrounding El-Erian Departure

There was more acrimony at the top of Pimco than was previously known, according to one report.

Top exec close to El-Erian left after becoming “disillusioned” with Gross

Just hours before Mohamed El-Erian announced his departure from the firm, he was likely to eventually lead, Marc Seidner, then head of Pimco’s equity business, resigned after becoming “disillusioned,” according to a report in the Financial Times.

For 18 months preceding his departure, Seider found the behavior of Pimco’s founder and CEO Bill Gross  “increasingly illogical and irrational,” according to the report.  Seider was close to El-Erian, having moved to...