Litigation
Aug. 20, 2011
TCW chief says bond guru was destroying firm
The CEO of one of the largest bond trading companies in the country told a jury he never wanted to fire Jeffrey E. Gundlach, but that his best portfolio manager gave him no choice.
Daily Journal Staff Writer
LOS ANGELES - The chief executive officer of one of the largest bond trading companies in the country told a jury he never wanted to fire Jeffrey E. Gundlach but that his best portfolio manager gave him no choice.
Marc Stern, chief executive of Trust Co. of the West, said on the stand Thursday that Gundlach's behavior became erratic and disruptive after the star bond manager started handling more...
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