Bill Gross's pay at Janus kept secret

I am sure he will not be paid $200 Mio that Pimco supposedly paid him in 2011 but it will still be an eye-watering amount of money. So one can understand the concern at Janus and its refusal (Financial Times, Paywall) to publish his compensation package. The problem as I see it is that Asset Management firms should be even more upfront and 'politcially correct' about their compensation structures as they are the fiduciaries of the ordinary saver and investing public. As such they have the task to monitor the remuneration practices in the companies they invest in and should demonstrate that they are 'whiter than white'.
(21 Oct 2014)

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