The surprise resignation of PIMCO’s Mohamed El-Erian rocked the investment world.  Such an abrupt leadership change is almost unknown among investment firms, and with El-Erian’s sky-high public profile his departure was even more newsworthy. The change signals a big shift for PIMCO and a greater focus on restoring its performance after a poor few years.  […]

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Thanks to a strong and unexpected performance today, New Jersey Governor Chris Christie is likely to survive the “bridgegate” traffic-blocking scandal.  He took a risk that few political or business leaders caught in a scandal could even imagine, holding a two-hour, unscripted press conference to take all questions on the subject. 

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