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Pimco rehiring a former top exec to quell uproar over CEO resignation
Pimco rehiring a former top exec to quell uproar over CEO resignation

Pacific Investment Management Co. is rehiring a former top executive in its latest bid to overcome the furor still lingering from the surprise resignation of its chief executive early this year. The Newport Beach bond fund giant said Tuesday that Paul McCulley, a highly regarded former executive, will return to the firm in the newly created position of chief economist. McCulley's return marks the latest management change since the messy exit of Mohamed El-Erian, who announced his resignation in January. McCulley is expected to work up to 100 days a year. El-Erian's unexpected departure and subsequent revelations about tension between him and Pimco co-founder and bond...

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