Reading a Monday newspaper is so entertaining. You can catch up on the sports results, and you can see which companies spent the weekend trying to shape news coverage for the week ahead. It looks like officials at Apple and Pimco had a very busy weekend.
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. […]