Hi,
Per our discussion on the rise of Indian CEOs of the top tier American companies, the saga continues...
Pimco Co-CEO Bill Thompson to retire at year-end
Bond manager Pimco said Co-Chief Executive Bill Thompson plans to retire at the end of the year, and will be succeeded by Co-CEO Mohamed A. El-Erian, who returned to Pimco in January.
Bond manager Pimco said Co-Chief Executive Bill Thompson plans to retire at the end of the year, and will be succeeded by Co-CEO Mohamed A. El-Erian, who returned to Pimco in January.
Why is this important?
PIMCO is a top fixed-income investment company. Their mutual funds are listed in many 401k and retirement savings plans. This company has a major stake in the Retirement Savings market, especially for Baby Boomers and those approaching retirement age. The group that controls PIMCO, will have access to manage the retirement funds of millions of Americans.
Thanks
Victor Lloyd Smith
Millennium Lyon Asset Management
a member of Investment Advisors International
Phone: 917-653-4406
Email: vsmith@mlgcap.com
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