Gross, Greed, and ETFs: The Case for a Microfounded Political Economy of the 
Investment Chain

Braun, Benjamin

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Gross, Greed, and ETFs: The Case for a Microfounded Political Economy of the Investment Chain

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Braun, Benjamin
Soziologie des Marktes, MPI for the Study of Societies, Max Planck Society;

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https://econsoc.mpifg.de/17053/econ_soc_17-3.pdf#page=6
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Citation

Braun, B. (2016). Gross, Greed, and ETFs: The Case for a Microfounded Political Economy of the Investment Chain. Economic Sociology: The European Electronic Newsletter, 17(3), 6-12.

Cite as: https://hdl.handle.net/11858/00-001M-0000-002B-4638-9

Abstract

Driven by a lust for power, greed, and a desire to improve their
own financial position and reputation at the expense of investors
and decency, a cabal of Pimco managing directors plotted
to drive founder Bill Gross out of Pimco in order to take, without
compensation, Gross’s percentage ownership in the profitability
of Pimco.