pimco executive salaries pimco executive salaries

[67], He is married to Anna Stylianides, who is from South Africa and the executive director of Eco Oro Minerals Corp.[68] He was formerly married to Jamie Walters.[69]. Management change shook up lots of groups. Here's what people are saying about Pimco. Any one familiar with comp for a Portfolio Associate roll at PIMCO on their mortgage backed securities team? Average pay per director remained at around 8m. Outflows from the flagship Pimco total return fund, the world's largest bond. When Allianz bought into Pimco, it picked up about $250 billion in assets under management. "Pimco's centerfielder has lost a few fly balls in the sun.". November 14, 2014 7:00am by In October 2014, he spoke at HSBC and RBS. Each salary is associated with a real job position. Douglas M. Hodge (born in 1957) is an American businessman. [citation needed], He also served as an executive committee member and on the Board of Directors of the Securities Industry and Financial Markets Association (SIFMA). In October 2015, it was announced that, together with funding for studentships and new faculty positions, the El-Erian Institute for Human Behavior and Economic Policy would be established in partnership with Queens' College and the Faculty of Economics at Cambridge. In April 2018, Stacy Schaus, who was then executive vice president and defined contribution practice leader of PIMCO, sued her employer of 12 years, citing age and sex discrimination that. With our innovative approach combining trading, technology, and meteorology expertise, we constantly push boundaries . Compensation structures vary greatly across industries, and rarely is base salary the sole indicator of how much an individual will receive in total take home pay especially big technology players. Gross left, Pimco has hired back old members of the investment committee, including Marc Seidner, who exited in the wake of Mr. El-Erians departure. The salary paid can be different for the same position in Pimco based on experience, skills, and education. Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. Tony Crescenzi is a market strategist and portfolio manager at PIMCO, and is also a member of the firm's investment committee. Will His AI Plans Be Any Different? The former head of asset management firm Pimco was sentenced on Friday to nine months in prison for his part in a scheme in which privileged parents paid bribes to get their children into U.S.. [3] He retired in 2017. While some people may thrive in this fast-paced (understaffed) environment, it can be harmful to people who are suffering from health issues, and struggling to advocate for their own work/life balance. Mr. [22] His first book When Markets Collide was a New York Times and Wall Street Journal bestseller. Pacific Investment Management Company (pimco) average salary is $121,859, median salary is $110,000 with a salary range from $61,875 to $285,000. . He has appeared regularly on the Orange County Business Journal's list of most influential personalities. At PIMCO, the highest paid job is a Group Product Manager at $332,572 annually and the lowest is a Technical Support at $46,971 annually. How much compensation the folks at Pacific Investment Management Co., better known as Pimco, haul in each year has always been a topic of fascination on Wall Street. Pacific Investment Management Company (Pimco). He is a member of the Financial Times "A-List"[20] of writers, has a monthly column in Foreign Policy and is a contributing editor at the FT. The estimated hourly pay at PIMCO ranges from approximately $17.97 per hour for Office Assistant to $72.36 per hour for Cloud Engineer.. Browse 100 estimated salaries at PIMCO in the United States [44] Having first come up with the concept in January 2009 and after discussions with PIMCO, he wrote about it in May 2009[45][46] and presented it in several forums, including as the 2010 Per Jacobsson Foundation Lecture in Washington D.C.[47] He has published numerous articles and commentaries on topics related to the New Normal, the sovereign debt crisis in Europe,[48][49] the transformative changes occurring in the Middle East,[50][51] and other matters related to the global economy, policy and markets.[52][53]. [5][3][1] He was also a board trustee of The Thacher School in Ojai, California, since 2011, until March 15, 2019, when the school's Board of Trustees asked for his resignation. Thats exactly what professional tennis player Jannik Sinner had in mind when he met up with Lindsey Vonn, US Olympic Champion and one of the best alpine ski racers of all time. Beyond the sheer size of Pimcos bonuses, there are other aspects of its compensation practices that should give pause to everyone involved in institutional asset management. Raises rarely meet inflation, and if they do expect them to offset the increase with a reduction to your bonus. The pay packages included 29.9m earned by the fund manager's highest paid director, which dwarfs the $23m (14m) that Jamie Dimon, chief executive of JP Morgan, received in 2011. Based on the company location, we can see that the HQ office of Pimco is in ALAMO, CA. And the story doesnt end with Pimcos two most visible (former) employees. He is the former CEO of Pacific Investment Management Company (PIMCO), the world's largest bond manager. Good place to work. [14] He moved to the private sector in January 1998, working in London at Salomon Smith Barney/Citigroup before being recruited by PIMCO to lead its work on emerging markets. Sure, you will gain great experience to the Fixed income industry, however although you work hard and may take on additional projects outside your typical responsibilities you will not be rewarded for doing so. SPECIAL PERFORMANCE ![12] Singer responded: No but I can try to work a deal maybe Basketball or Football will give me a spot since their kids are not that strong.[12] The next month Hodge's wife e-mailed Singer that she could not find photos of the son playing football, but had pictures of his brother playing football. As co-CIO with PIMCO co-founder Bill H. Gross, El-Erian oversaw investment policies and strategies for all the company's portfolio management activities. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. Average salary for BlackRock Executive Director in Royal Leamington Spa, England: [salary]. PIMCO joins the ever-growing list of prominent landlords in default (or soon to be there) on very large debt. Gross, who co-founded the company in 1971, clashed with management over how to run the firm, leading to the resignation of Mr. El-Erian, people familiar with the matter have said. Get subscriber-only insights and news delivered by Barry daily. [8] He was also on PIMCO's executive committee, and on the global executive committee for Allianz Asset Management, the governing body of asset management for the Allianz Group. [29] He appears regularly on CNN, CNBC, and Bloomberg as well as other media outlets. In February 2017, Richtopia ranked him 23rd in its list of top 100 economists in the world. PIMCO is a great company to work so as long as you're in the right team with the right manager. Disclosures PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. PIMCO is a global leader in active fixed income with deep expertise across public and private markets. Hodge assured Singer that I'm not going off script here That foundation has its stated mission is to help underserved kids basically get into you know, through get through college. Youve missed the point, Anxiety over tax refunds on the rise, Bankrate.com study shows, Gensler steps up warnings to money managers. Why should they pay a Pimco Premium? Pimco has more bond investors than anybody else. These giant bonuses almost make the $22 million awarded to Pimcos president, Jay Jacobs, seem puny. Global offices throughout the Americas, Europe and Asia, Portfolio Managers with an average of 17 years of experience, Investment professionals who have been at PIMCO for 10 years or more. Based on 22 salaries posted anonymously by PIMCO Account Analyst employees in Radcliffe, England. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Average salary for PIMCO Senior Account Executive in Hoddesdon, England: [salary]. [12][13], Also according to the affidavit, in December 2014 Hodge asked Singer by e-mail if his son, who was in high school, was really qualified for USC. Mr. Schwarzman, whose Blackstone Group managed $266 billion at the end of last year, received $374.5 million in pay and cash dividends. Im looking at an offer and want make sure Im in line with the average comp for the company and industry. On July 1, 2019, El-Erian was appointed Senior Global Fellow at The Lauder Institute and part-time Professor of Practice at The Wharton School. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. The funds are the brainchild of the manager behind anti-ARK ETF, which gave investors an easy way to wager against Cathie Wood's flagship strategy. The identity of which of the seven is the Pimco top earner is undisclosed. But while Gross may be gone, the high fees and compensation structure at Pimco appear to remain firmly in place. The estimated additional pay is $260,767 per year. The numbers break down like this: Gross earned $290 million as his year-end bonus for 2013. The average salary of Pimco is $1,609,016 in the United States. Gross proposed. Gross departed from Pimco after deputies, including Mr. Ivascyn, threatened to quit and management debated his ouster, according to people familiar with the matter. Pimco has seen $123.5bn of net withdrawals from its open-ended funds since he left, even as performance improved. Base salary is the fixed component of compensation that is determined by core job responsibilities, relevant experience, internal level, and market factors. Thus Pimco based in Newport beach, California, and 6,000 miles removed from its majority owners remained fully autonomous. PIMCO is a global investment manager with a presence on-the-ground in Europe since 1998, and a longer history of managing assets for European clients. He was also the keynote speaker at the 2014 CME Conference along with Ben Bernanke and Colin Powell. Total Pay About $97K - $104K/yr Base Pay Based on 2 SalariesFull Pay Details See salaries from all locations Senior Software Developer About $170K - $186K/yr Avg. His philanthropic efforts over the years have emphasized education and health, including major gifts to the Children's Cancer Hospital in Egypt as well as the University of Cambridge and Queens' College. [12], El-Erian has served on the boards of trustees of several educational institutions, including Pegasus, St. Margaret School, Cambridge in America and KAUST. [25] His second book, The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, was also a New York Times bestseller. (The film was produced in part by StarWing Sports Management, which represents Sinner. The glaring question here is this: why is Pimco's salary distribution so skewed? Much of what we know about Pimco stems from Allianz SEs $3.3 billion purchase of 70 percent of the firm in 2000. Finance, Business Insider as well as Fortune/CNN[3] and Foreign Policy. [42] In both 2016 and 2017, Linked-In recognized him as one of its top 3 "voices" among its "influencers." [12] Hodge's daughter then submitted an application to Georgetown asserting she had won a number of United States Tennis Association (USTA) tournaments, while in fact she had never played in a USTA match. The bonuses at Pimco rival compensation at top hedge funds and private-equity funds, which are typically smaller but charge higher fees. However, if there is going to be change, it can only come from Pimcos big institutional customers. Use of editorial content without permission is strictly prohibited|All rights reserved, The Barry Ritholtz post that broke the story, Pacific Investment Management Company (Pimco), Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto, Morgan Stanley ESG ETFs get the cold shoulder, HSA participants fail to take full advantage of tax trifecta, Investors keep dumping Blackstone REIT shares, Striving to win at compassion? The huge Pimco rewards are revealed in documents filed with Companies House, as the controversy over City and executive pay gains momentum following last minute alterations by Barclays to its bonus plan and a wave of protests at companies as diverse as Smith & Nephew and Capital Shopping Centres. The bill to block a Labor Department rule making it easier for retirement plans to weigh ESG issues in investment decisions passed 50-46, with two Democrats voting with Republicans to pass the measure. How much does Pacific Investment Management Company PIMCO pay? Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Vice President salaries - 62 salaries reported, Account Analyst salaries - 59 salaries reported, Associate salaries - 58 salaries reported, Senior Associate salaries - 56 salaries reported, Portfolio Associate salaries - 50 salaries reported, Account Associate salaries - 43 salaries reported, Administrative Assistant salaries - 42 salaries reported, Portfolio Manager salaries - 38 salaries reported, Account Manager salaries - 37 salaries reported, Compliance Analyst salaries - 27 salaries reported, Software Engineer salaries - 19 salaries reported, Financial Engineer salaries - 19 salaries reported, Technology Analyst salaries - 17 salaries reported, Developer Senior salaries - 16 salaries reported, Senior Software Engineer salaries - 16 salaries reported, Portfolio Analyst salaries - 16 salaries reported, Senior Developer salaries - 15 salaries reported, Senior Administrative Assistant salaries - 15 salaries reported. How much do PIMCO employees make? The data come from Robert Half's 2020 marketing salary guide , and are not industry specific, but are indicative of the overall trends in marketing. Apart from Balls, Joseph McDevitt, William Benz, Bradley Paulson, Craig Dawson, Douglas Hodge, and Lew Jacobs all served on Pimco's European board. [9], After attending St John's School, Leatherhead, a boarding school in England, he gained a scholarship to Queens' College, Cambridge, and received a bachelor's degree in economics in 1980. Pimco introduced a 225 million euro award program to retain top talent. What are some typical titles and locations for Pimco jobs? The payments under this partnership structure are not comparable to common forms of variable compensation payments. Bloomberg, November 14, 2014. Its London-based staff grew from 168 in 2010 to 231 last year. Menu Home; Rankings. Executive VP, Strategist, Portfolio Manager Jun 2009 - Present13. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. In November 2007, El-Erian was the series kick-off speaker of the MIT Egyptian Club. Company culture is a leftover from 1970s, with self interested managers offering very little help to junior employees. The typical PIMCO Vice President salary is 133,575 per year. Profit before tax at the European subsidiary were flat at 28m, on turnover up 33% at 278m. On this Wikipedia the language links are at the top of the page across from the article title. Our Executive Committee determines the company's strategic direction and oversees the broad scope of our operations. Mr. Gross reward accounted for 20% of the firms total bonus pool, according to the documents. PIMCO follows a total compensation approach when rewarding employees which includes a base salary and a discretionary bonus. Grosss bonus 20 percent of the total bonus pool for 2013 places him in a compensation class of his very own. [5][3] Hodge initially worked for the company as a senior account manager and as a global product manager. Here are some companies in the same or similar industry as Pimco. In 1968, the family moved back to New York when his father took a position at the United Nations. IVASCYN, HODGE Bonus range: $5,000 - $106,000. Worth Magazine, a publication focused on high-net-worth individuals, named El-Erian to its Power 100 list "The 100 Most Powerful People in Finance" in 2011,[37] 2012,[38] 2013, 2016 and 2017. Since then, Pimco has grown into a behemoth, in terms of the bottom line and as a force in the bond market. Gross, received a 2013 bonus of about $230 million, according to figures first reported Friday by Bloomberg View columnist Barry Ritholtz. Asia Pacific; EMEA; Latin America; UK Solicitors; UK Bar; United States Pacific Investment Management Company (pimco) salaries are collected from government agencies and companies. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. After twenty months at Harvard, El-Erian returned to PIMCO in December 2007 as CEO and co-CIO. Photograph: Bill Gallery/Pimco. Half of Q4 2022 transactions had wire and title fraud risks. [3][4], Hodge worked first as a bond trader at Salomon Brothers from 1984 to 1989. BlackRock Inc., That gave Pimco so much freedom in relation to its corporate parent that, as one analyst described it to Bloomberg News, it appeared as if it was the tail wagging the dog.. [12][13], Hodge first began paying Singer in 2008, when he wanted to have Georgetown University admit one of his daughters. [17][14], In February 2020, the Wall Street Journal newspaper published an Opinion piece written by Mr Hodge titled, "I Wish I'd Never Met Rick Singer"[18], Securities Industry and Financial Markets Association, Federal Correctional Institution, Otisville, "An interview with Douglas Hodge of PIMCO,", "Can Pimco's quiet point man shine in public? [12][13], Also according to the affidavit, in August 2018 Hodge called Singer to ask about getting his youngest son into Loyola Marymount University. He is currently a board member of the Carnegie Endowment for International Peace (Vice Chair), the NBER(Executive Committee), co-chair of the Capital Campaign for the University and Colleges of Cambridge and Cambridge in America. In its legal filing on Wednesday, PIMCO described the sexual harassment allegations as "salacious and unfounded," arguing that the claims were designed to "garner media attention and inflame. He is President of Queens' College, Cambridge, and chief economic adviser at Allianz, the corporate parent of PIMCO where he was CEO and co-chief investment officer (200714). The lowest-paying job at PIMCO is an Administrative Assistant with a salary of $55,335 per year. Another item worth noticing: Pimco investors represent pension funds, foundations, charitable trusts, 401ks and other retirement accounts. Intense love does not measure, it just gives. [5] Together with Sir Harvey McGrath, he co-chairs the capital campaign for Cambridge University. The yield on six-month US Treasury bills rose as high as 5.14% Tuesday, the most since 2007. Former deputy chief investment officer Daniel Ivascyn now serving as Grosss replacement as Pimcos chief investment officer took home a $70 million bonus. Pressure to have FCA or MBA. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Gross, 68, made about $200. I originally published this at Bloomberg, November 14, 2014. Pacific Investment Management Co. paid former chief investment officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund (PTTAX) trailed a majority of peers, according to documents provided to Bloomberg View by someone with knowledge of Pimcos bonus policies. PIMCO employees earn $73,500 annually on average, or $35 per hour, which is 11% higher than the national salary average of $66,000 per year. Wendy W. Cupps, the global head of product management, garnered $50 million, making her one of the highest-paid woman in finance. Average salary for PIMCO Account Analyst in Radcliffe, England: [salary]. The plan applies to all employees that are not participating in the Pimco profit pool, including senior portfolio managers below the level of managing director, Allianz chief financial officer Dieter Wemmer said on a conference call Nov. 7. Privacy Policy The average salary for Pimco employees is $101,216 per year. Pimco currently manages about $2 trillion. In the U.S., it is hard to imagine $1.5 billion in spending on anything not being disclosed. [58] He has also spoken before the Economic Club of Canada, Soka University, ProBono Economics, Boston Security Analysts, Rabobank, Citadel, ETF, National Rural Utilities Cooperative, Cisco, BTG Pactual, Euromoney, NMS, Mortgage Bankers Association, CME, Rabobank, the Global Financial Forum and many others. Actual bonuses at Pimco are higher, much higher, than probably any outsiders previously believed. [59] He also is a contributor to LinkedIn's Influencer series and was ranked third on their top 10 influencers of the year. HEDGE FUNDS. El-Erian is a New York Jets fan and has been known to appear on TV in a Jets jersey. Jefferies' CEO Rich Handler has released his new leadership letter, written in conjunction with Jefferies President Brian Friedman as a follow-up to his earlier offering of boomer wisdom from deep history, when rates were more than 1%.. Executive Office; Outside legal counsel; . The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. According to our data, the highest paying job at PIMCO is a Senior Software Engineering Consultant at $313,000 annually while the lowest paying job at PIMCO is a Communications Associate at $35,000 annually. He is also a regular op-ed contributor to Project Syndicate. How Greed and Easy Money Corrupted Wall Street and Shook the World Economy To put that in perspective, Jamie Dimon, the chief executive of JPMorgan Chase and one of the most powerful figures in American finance, got a quarter of that. This is a great place with lots of projects to work on. Pimco also became the go-to company for the Federal Reserve and U.S. Treasury in many of the credit facilities used to combat the continuing economic fallout from the financial crisis. Gross, according to Wemmer. In this case, $1.7 Billion backed by 19 legacy | 13 comments on LinkedIn Francis Saele on LinkedIn: Pimco Is Saddled With a $1.7 Billion Default in Office-Market Meltdown | 13 comments [54] In 2010, he delivered the Per Jacobsson Foundation Lecture[55] in Washington, D.C. [30] In 2017, he again was listed on Worth's "power 100." 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. El-Erian remains a member of the parent company's (Allianz) international executive committee, chairs its International Advisory Committee, and is an advisor to the management board. [11] In December 2013, he became an honorary fellow of Queens' College, Cambridge. Head of PIMCO Europe, Middle East and Africa, Head of Business Management, EMEA and Asia-Pacific, Portfolio Manager, Head, Credit Research Europe, Portfolio Manager, Asset Allocation, EMEA. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. How much top executives at Pacific Investment Management Co., better known as PIMCO, earn continues to fascinate Wall Street. [12] She was falsely presented to a USC committee as a soccer recruit who had played on a national champion tournament team, was co-captain of a Japanese national team, and was an All-American. Pacific Investment Management Co. paid former chief investment officer Bill Gross a bonus of about $290 million in 2013, a year in which his Total Return Fund (PTTAX) trailed a majority of peers,. Bill Gross and Mohamed El-Erian, PIMCO's now-ex co-CIOs and co-CEOs, reportedly each received over half a billion dollars in bonus compensation ($290 million to Gross and $230 million to El-Erian)." To put that figure into context, in 2013 Gross made just shy of what the next 20 publicly held finance company CEOs made combined. The work of the institute will look to appropriately combine economics and finance with neuroscience, psychology, politics and behavioral finance to better understand how people actually make decisions rather than how narrow theory assumes they will. He is also a member of the Council on Foreign Relations and serves on the international advisory committees of Allianz and Investcorp. This base compensation is the equivalent of $40 per hour assuming a 40 hour work week (2,000 hours per year). It has had a specialty in fixed income since it was cofounded in 1971 by Bill. Very little support from senior management. It has been four decades since it was spun out of Pacific Life Insurance Co., a move that was made in part to allow Gross a freer hand to manage the insurers fixed income portfolio. Investment decision-making at PIMCO, however, is very much a team effort, one that draws upon the . In 2017, he was named to Investment News's list of 20 market "Icons and Innovators." The average PIMCO salary ranges from approximately $55,335 per year for an Administrative Assistant to $471,755 per year for a Senior Vice President. [10] In June 2011, El-Erian received an honorary doctorate degree from the American University in Cairo. PIMCO employees rate the overall compensation and benefits package 3.7/5 stars. [10][12] She was admitted into USC, but did not ever play soccer. El-Erian has published widely on international economic and finance topics. Admissions just needs something to work with to show he is an athlete, the affidavit said. El-Erian worked for several years at PIMCO as a managing director and head of the emerging market portfolio team, where he earned notoriety by avoiding the 2001 bond default by Argentina that otherwise stung the international bond market. Part of the reason for Grosss longevity after the Allianz takeover and another element of the firms enormous wealth is what we might call the Pimco Premium. Despite being in a competitive field including giant companies such as Vanguard and Blackrock, Pimco manages to charge more than the industry standard for access to its funds and its separately managed accounts. And that's all I'm going to say.[12][13] he paid a total of $850,000 to Singer. Learn more about reprints and licensing for this article. The market for fixed income asset management has never been in greater flux than it is today. As of 2020, he is a member of the Harvard Global Advisory Council. Pimco has a very sweet deal going: its managing directors get to keep 30% of all the firm's profits. Total Pay About $157K - $169K/yr Base Pay About $14K - $16K/yr Additional Pay Our portfolio management team is headed by our chief investment officers (CIOs), led by Daniel J. Ivascyn. Amid the redemptions, Mr. Executive Compensation Guide : Reviews fundamental characteristics of some common executive compensation plans including restricted stock, stock options . Barry Ritholtz, Guess How Much Money Bill Gross Made Last Year? Why? Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on SMS (Opens in new window), 2006-2023 HW Media, LLC. Half of PIMCO salaries are above $106,688. Mr. Black, whose Apollo Global Management oversaw $161 billion at the end of last year, got about $369 million in distributions from his stock ownership of the company. By comparison, Laurence D. Fink, CEO of BlackRock Inc., the worlds biggest money manager, received $22.9 million in 2013 compensation, and Michael Diekmann, CEO of Pimcos parent Allianz SE, was paid 7.2 million euros ($8.99 million), regulatory filings show. Mr. This same deal structure continued even after Allianz purchased the 30 percent of Pimco that it didnt already own from Pacific Life in the mid-2000s. In 2012 he was chosen to present the Homer Jones Memorial Lecture[56][57] at the Federal Reserve Bank of St.Louis. In November 2013, he delivered the luncheon speech at the IMF's Annual Research Conference that also featured Ben Bernanke, Olivier Blanchard, Stanley Fischer, Ken Rogoff, and Larry Summers. The culture of openness and collaboration is not what it used to be. He was inducted into the Fixed Income Analysts Society Hall of Fame on April 14, 2011. The SEC chairman said using predictive data technologies may create 'inherent conflicts' of interest for investment advisors. [15], He pleaded guilty in October 2019 to conspiring to commit fraud and money laundering. In October 2012, he delivered the keynote Bagehot at The Economist's Buttonwood Gathering in New York. Base salary is the fixed . According to documents provided to Bloomberg View by someone with knowledge of Pimcos bonus policies, the numbers break down like this: Gross earned $290 million as his year-end bonus for 2013. PIMCO is a global leader in active fixed income. Wendy W. Cupps, the global head of product management, garnered $50 million, making her one of the highest-paid woman in finance. Our model gets smarter over time as more people share salaries on Glassdoor. PIMCO employees attributed a compensation and benefits rating of 3.7/5 stars to their company.