White male professionals are disproportionately overrepresented at every level of the investment firm’s management and leadership structure, and formal policies and widespread practices prevent female employees and those with disabilities from receiving appropriate credit for their contributions, the complaint alleges. According to the filing, only 20% of Pimco’s 77 managing directors are female, and only 20% of its 213 executive vice presidents are female. Pacific Investment Management Company LLC 650 Newport Center Drive Newport Beach, CA 92660 TEL: 949-720-6000 FAX: 949-720-1376. PIMCO employees earn $71,500 annually on average, or $34 per hour, which is 8% higher than the national salary average of $66,000 per year.According to our data, the highest paying job at PIMCO is a Senior Software Developer at $141,000 annually while the lowest paying job at PIMCO is an Administrative Assistant at $50,000 annually. Newsmax, Moneynews, Newsmax Health, and Independent. Analyst (Current Employee) - Newport Beach, CA - September 15, 2019 Throughout my time at PIMCO I have been able to work with highly skilled professionals. Pacific Investment Management Company LLC 650 Newport Center Drive Newport Beach, CA 92660 TEL: 949-720-6000 FAX: 949-720-1376 Keep discussions on topic, avoid personal attacks and threats of any kind. The case is Collazo v. Pacific Inv. PIMCO is lean shop so employees have a high degree of responsibility and there is ample opportunity to take on additional projects to broaden one's experience. Pimco’s female employees allege bias, harassment in lawsuit ... Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach office allege a … Pimco Headquarters. Reviews from PIMCO employees in Newport Beach, CA about Work-Life Balance I applied through an employee referral. PIMCO manages investments and develops solutions across the full spectrum of asset classes, strategies and vehicles including fixed income, equities, commodities, asset allocation, ETFs, hedge funds, and private equity. Pacific Investment Management Company LLC 650 Newport Center Drive Newport Beach, CA 92660 TEL: 949-720-6000 FAX: 949-720-1376 The suit follows prior litigation alleging Pimco passed over employees for promotions due to age, race, gender, and pregnancy. Attorneys: Abrolat Law PC represents the employees. Retail sales fell 1.1% in November, biggest drop in 7 months, Federal Reserve keeps rate near zero, sees brighter economy in 2021, From restaurants to retailers, COVID transformed economy. © Copyright 2020 Bloomberg News. Female employees at Pacific Investment Management Co. face discrimination in pay and promotions, and suffer unequal treatment based on sex, race, and disability from the company’s predominantly white male leadership, a suit filed Wednesday in California state court says. Pimco Headquarters. Wednesday, 18 November 2020 04:14 PM. If you see comments that you find offensive, please use the “Flag as Inappropriate” feature by hovering over the right side of the post, and pulling down on the arrow that appears. They've made it possible to learn a great deal and if you are a performer you will be given any and all you can handle. PIMCO Headquarters 650 Newport Center Drive Newport Beach, CA 92660 USA TEL - (949) 720-6000 FAX - (949) 720-1376 Shareholder services 6AM-4PM PST TEL - (800) 927-4648 Female employees at Pacific Investment Management Co. face discrimination in pay and promotions, and suffer unequal treatment based on sex, race, and disability from the company’s predominantly white male leadership, a suit filed Wednesday in California state court says. All rights reserved. Super. Post was not sent - check your email addresses! Or, contact our editors by emailing moderator@scng.com. We invite you to use our commenting platform to engage in insightful conversations about issues in our community. Founded in Newport Beach, California in 1971, PIMCO’s view of the world has always been different from that of mainstream Wall Street. GET BREAKING NEWS IN YOUR BROWSER. Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach office in Southern California allege a company culture that marginalizes, demeans, and undervalues women, and women of color, in which male leadership overtly favors men, regardless of qualifications. Causes of action: Fair Employment and Housing Act; intentional misrepresentation; California Equal Pay Act; unfair competition; Relief: Compensatory and general damages including back pay; injunctive relief; prejudgment interest; punitive damages; attorneys’ fees; costs. Pimco Headquarters. Pacific Investment Management Company LLC 650 Newport Center Drive Newport Beach, CA 92660 TEL: 949-720-6000 FAX: 949-720-1376 “Pimco has temporarily moved some of its portfolio management team to a trade floor at a business continuity site away from its main office in Newport Beach,” the firm said in a … I interviewed at PIMCO (Newport Beach, CA (US)) in August 2017. Super. PIMCO has over 2,800 employees in 17 offices globally. Co., Cal. Female employees at Pacific Investment Management Co. face discrimination in pay and promotions, and suffer unequal treatment based on sex, race, and disability from the company's predominantly white male leadership, a suit filed Wednesday in California state court says. Co., Cal. Both women say they were discriminated against based on their gender, and were ultimately demoted after reporting instances of bias and harassment to human resources. Mgmt. Salaries posted anonymously by PIMCO employees in Newport Beach, CA. Once hired, female employees are underpaid and under-promoted, while opportunities, credits, and authorities are funneled to male employees, the complaint alleges. PIMCO is recognized as an innovator, industry thought leader and trusted advisor to our clients. A free inside look at company reviews and salaries posted anonymously by employees. Trump to McConnell: 'Too Soon to Give Up' on Election... 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