oliver: up next, dan iversen's plans to fill the bond king's shoes.nati of cheese. we will tell you about the people joining the fast food industry dealing items. oliver: this is "bloomberg businessweek." ♪ ♪ carol: welcome back to "bloomberg businessweek." i am carol massar. oliver: i am oliver renick. you can catch us on the radio on sirius fm. and in new york on am 1330 and 1331 06.1 fm in boston. 99.1 fm in washington, d.c. and am 960 in the bay area. dab buxnd in london on three and in asia on the bloomberg radio plus app. oliver: in the pursuit section the profile of the mega-money manager dan iversen. carol: his new plan on how it plans on killing the competition. oliver: here is reporter john gittelsohn. john: he came into this very challenging situation. bill gross had built pimco. pimco was synonymous with growth. he was like the bond king. then there was this generational power struggle at pimco, gross got pushed out, and iversen inherits this firm that is hemorrhaging money because all of these investors are like, what is going on with pim