Just a couple of years ago, Mohamed El-Erian was one of the most powerful financiers in the world, overseeing nearly $2 trillion as CEO of Pimco. Now, he’s, uh... well, he has a Fitbit?

Mohamed El-Erian recently announced he's leaving as CEO of the bond firm PIMCO. Not to worry, investors: the company says "we are a better team at this moment than we were before." Soooo... why was El-Erian getting paid $100 million a year, then?

• Altria, the maker of Marlboro cigarettes, is in talks to buy UST for more than $10 billion. [NYT]