Under the rule of co-founder and former CEO Bill Gross, PIMCO was what one could describe a hostile Action Environment. Well, it turns out the company doesn’t need a The Triple Crown of Newport Beach On top to be Allegedly, the world champion in a toxic workplace.
The letter, signed by 21 women, was sent Thursday to Pimco’s top leaders, including its CEO, Emmanuel Roman, and the company’s chief investment officer, Dan Evaskin. Three of the women who signed the document have filed lawsuits against Pimco in the past two years, alleging discrimination on the basis of gender or race.
Women make up 19% of Pimco’s 77 managing directors, which is a top management rank. Among the executive vice presidents, 21 percent are women. In its 50-year history, the company has never had a black managing director…. The company has about 3,500 employees; 37% women …
In a message on Thursday, current and former employees said the company has made it difficult for women to successfully climb to the top. They write that women are paid less than their male counterparts, lose job opportunities after pregnancy and face retaliation if she complains. The letter said the company had also ignored cases in which employees sexually harassed female colleagues and isolated women of color for choosing their hairstyle and dress.