The longer we go without a major financial crisis, the more tempting it becomes for the billionaire investors to jump in with their wager that the next crisis is coming soon. Another master of the universe has officially jumped onto the “doom is at hand” train.
Bill Gross, the head of bond firm Pimco, was paid $290 million last year—and then got fired this year! Everybody knows that the financial world is the purest example of pay accruing to winners solely by merit.
Bill Gross is the billionaire head of the enormous bond fund Pimco and one of the most influential men in finance. But Bill Gross's 25-year-old son, Nick, is pure 100% rocking and rolling.
It's nice to hear a billionaire call for making America's tax code a little more equitable. It would be nicer to hear more rich people say that before they make a billion dollars.
• Employees at Goldman Sachs can expect the "biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year." [Guardian]
• Banks like Merrill Lynch, UBS and Citigroup are "hiking pay for their top investment bankers in an attempt to stop an exodus of talent." [FT]
• Bill Gross of Pimco…
Sequoia partner Mark Kvamme just plunked down $31 million on a company he also chairs, called Searchme. It's an image-based search engine. Search is a crowded field but Searchme CEO Randy Adams thinks there's room for innovation. "Search," he told BoomTown, "is still largely a text and list experience." True, but…
Techdirt, the ever-opinionated analysis blog, has weighed in and found Demo's lineup of startups and new products more compelling than last week's TechCrunch40. Why? Mike Masnick doesn't come out and say it, but his implication is clear: Unlike the parade of Web 2.0 one-note-Johnnies drummed up by TechCrunch editor…
Now playing World of Warcraft can get you a job. Thrilling, really, to discover that a game played by destroying arbitrarily assigned enemies ad infinitum, rising up a ladder until reaching a disappointing top that isn't a top at all, commiserating with socially inept addicts with little life outside the computer,…
Idealab CEO Bill Gross scored board approval to make shareholders take over his $50 million personal loan. If shareholders approve, Bill will pay back the cash over the next four years (or find a new sucker to buy the loan). The jet's sold, the Ferrari's sold, but Bill must have some tchotchkes left to make a…
Another would-be Valleywagger does our job for us, with a report that Bill Gross, CEO of Pasadena business incubator Idealab, is still paying for his sins during the dot-com bubble — or, well, his shareholders are.
