Bill Gross Leaves Pimco, ‘Would Have Been Fired’

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    “The bond king,” William H. Gross, who founded Pacific Investment Management Co. and built it into one of the largest asset managers in the world, is leaving the firm and will join Janus Capital, the Wall Street Journal reports. Pimco, a unit of German insurer Allianz SE, was getting ready to fire Mr. Gross just before he resigned, according to people familiar with the matter.