Bill Gross said he was fired from Pacific Investment Management Co., the first time he’s publicly confirmed that he was dismissed from the firm he cofounded in 1971.

Gross, speaking in an interview with Bloomberg View’s Barry Ritholtz, said he offered to step down from the executive committee and compensation committee and oversee closed-end funds after differences with management over his personality and the firm’s business direction. The full interview airs on Bloomberg Radio on Jan. 17 at 10 a.m. in New York. 

“For some reason still unbeknownst to me, they didn’t think that was a good idea and they did fire me,” Gross, who managed the world’s largest bond fund until his unexpected departure on Sept. 26 when he joined Janus Capital Group Inc., said in the interview. “In the last few weeks, it blindsided me; I had no idea that an executive committee could fire a founder and the titular leader of the company.”

Gross stunned the investing world with his surprise exit, after deputies including now-group Chief Investment Officer Daniel Ivascyn said they would quit, according to people familiar with the matter. Gross was increasingly diverging from Pimco on strategy, and had spent much of the past year hunting down two money managers he suspected of leaking information to the press, Bloomberg News reported in December, in an article based on interviews with 25 current and former Pimco employees.

Mark Porterfield, a spokesman for Newport Beach, California-based Pimco, didn’t return emails and a telephone message seeking comment on Gross’s remarks.

“If you don’t have a leader looking out for mistakes and berating those that make significant mistakes, then what have you? You’ve got a loose company that ultimately is not doing a service to its clients,” Gross said in the interview.

“A leader has to be tough,” he said. “If you sit around a table and you congenially look for a consensus-type of outcome, you’re in trouble. You can’t manage money that way. At some point somebody has to step in and say, ‘We are going in this direction,’ and I viewed that as my job and I think I did it well.”

On at least three occasions in the past thirteen months, Gross offered to rescind some responsibilities and take on a smaller role. In August, he proposed stepping back if senior leaders agreed to his demand that two money managers, “Mr. X” and “Mr. Y,” be fired for talking to the media.

By September, Pimco executives were considering his ouster. Rather than suffer the humiliation of being fired, Gross pre-empted them with an announcement from Janus that he was joining. (Bloomberg)