Pacific Investment Management Co., the fixed-income manager that overhauled its leadership this year after the abrupt resignation of former Chief Executive Officer Mohamed El-Erian, said Paul McCulley will return to the firm in the newly created position of chief economist.
Paul McCulley, who returned to Pacific Investment Management Co. this week in the new role of chief economist, said the U.S. may be heading for a period of reduced volatility after former Federal Reserve Chairman Ben S. Bernanke and his successor Janet Yellen pulled the economy out of a liquidity trap.
Back in April 2013, the SEC said OK, fine. You can post materially important information about your company on social media as long as you make the public aware that this stuff might wind up there. This was after Netflix Chief Executive Officer Reed Hastings made comments on Facebook about the company’s viewership levels, and it created a bit of a buzz.