PIMCO

Newport Beach, United States

PIMCO is a global investment management firm specializing in fixed income. It offers a wide range of investment solutions and strategies across fixed income, equities, alternatives, and multi-asset strategies.

CCI Score

-42.73

0.03% April 18

Latest Event

PIMCO Facing Discrimination Lawsuit by Employees

Two female employees have filed a gender and disability discrimination lawsuit against PIMCO, alleging that company managers deliberately created an intolerable work environment.

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TOADIE

PIMCO is currently rated as a Toadie.

-30 to -44 CCI Score

Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

JAN

01

2025

PIMCO Facing Discrimination Lawsuit by Employees
-67.97

Two female employees have filed a gender and disability discrimination lawsuit against PIMCO, alleging that company managers deliberately created an intolerable work environment.
-70

Labor Relations and Human Rights Practices

April 9

The lawsuit, brought by female employees alleging gender and disability discrimination, underscores serious concerns about PIMCO's labor relations and its treatment of marginalized groups. Such allegations reveal potential systemic issues within corporate practices that undermine worker rights and inclusivity.

Two Pimco employees accuse asset manager of discrimination
JUN

16

2023

PIMCO to Pay $9 Million to Settle SEC Enforcement Actions
-33.27

The SEC announced that PIMCO will pay $9 million to settle two enforcement actions related to alleged disclosure and procedure violations involving interest rate swaps and fee waivers. The enforcement, spanning from 2011 to 2017, underscores issues with inadequate disclosure and internal oversight.
-40

Business Practices and Ethical Responsibility

April 9

PIMCO's settlement with the SEC over failure to provide essential investor information and waiver of advisory fees reveals significant lapses in its business practices and ethical responsibility. Such deficiencies in internal oversight and transparency undermine investor trust and corporate accountability, which are critical in a democratic society.

SEC says PIMCO to pay $9 million to settle 2 enforcement actions - CNBC
JUN

16

2023

PIMCO Fined $9M by SEC
-33.27

On June 16, 2023, PIMCO was fined $9 million by the SEC due to regulatory violations. This enforcement action has raised concerns about the firm’s commitment to ethical business practices and regulatory compliance.
-40

Business Practices and Ethical Responsibility

April 9

The SEC's imposition of a $9M fine on PIMCO indicates a significant lapse in adherence to ethical business practices and regulatory norms. This failure undermines transparency and corporate responsibility, which are critical in maintaining trust and fairness in the financial sector.

PIMCO Hit With $9M SEC Fine - ThinkAdvisor
JUN

16

2023

SEC Charges PIMCO for Disclosure Failures
-41.59

On June 16, 2023, the SEC announced enforcement actions against PIMCO, citing failures in disclosing material information concerning the use of interest rate swaps and inadequacies in written policies regarding fee waivers. This resulted in a $9 million penalty as PIMCO settled two separate actions.
-50

Business Practices and Ethical Responsibility

April 9

PIMCO's failure to adequately disclose critical financial information and maintain proper oversight of advisory fee waivers demonstrates significant deficiencies in business practices and ethical responsibility. This lack of transparency and accountability undermines trust in the firm and reflects poorly on its commitment to ethical standards.

SEC Charges PIMCO for Disclosure and Policies and Procedures Failures
DEC

01

2021

PIMCO Faces Scrutiny Over Discrimination and Toxic Work Culture
-57.04

The article details multiple allegations of discrimination, harassment and a toxic work environment at PIMCO. Lawsuits, a scathing letter from current and former employees, and investor concerns reveal a culture that favors male employees and marginalizes women, people of color, and LGBTQ staff, raising significant questions about the firm’s commitment to fair labor practices and diversity.
-80

Labor Relations and Human Rights Practices

April 9

Multiple lawsuits and internal complaints highlight allegations of discrimination, harassment, and an overall toxic work culture at PIMCO. The firm's practices have reportedly allowed preferential treatment towards men and a lack of advancement for women and minorities, which is indicative of poor labor relations and a failure to uphold human rights principles.

Pimco's Work Culture Is Under Scrutiny From Major Investors - Business Insider
NOV

18

2019

PIMCO Defends Workplace Culture Amid Discrimination Lawsuit
-23.26

In November 2019, PIMCO responded to allegations of gender, race, and pregnancy discrimination brought by a long-time employee, defending its workplace culture by citing its diverse leadership and compensation practices. Despite these defenses, the lawsuit raises concerns about potential systemic bias within the firm.
-40

Labor Relations and Human Rights Practices

April 9

The lawsuit alleging that a long-term employee was passed over for promotion due to her race, gender, and pregnancy highlights critical issues in PIMCO's labor practices and human rights standards. Although the firm defends its culture by emphasizing the representation of women in senior roles and equitable compensation, the existence of such claims suggests that systemic discriminatory practices may still be present. This raises serious concerns over workplace equity and the treatment of marginalized employees.

Pimco defends its culture in gender and race discrimination lawsuit