Triple Crown
Longtime trustee of Pimco mutual funds appears to have lost his job

William J. Popejoy apparently has lost his longtime position as a trustee of the nearly $2-trillion Pimco mutual funds in Newport Beach, but the usually outspoken financial executive wasn't talking about what happened. And no one else was, either. Popejoy, 76, had used a Times interview in March to criticize the "bullying" management style and the reported $200-million annual salary of Pimco founder Bill Gross. According to a midsummer regulatory filing by the funds, Popejoy resigned as one of the funds' seven trustees. But a later revision of the filing deleted the "resigned" language, showing only that Popejoy no longer was a trustee. Popejoy, a...