CEO Of Trillion Dollar Firm Resigns After Daughter Shows Him How Much He’s Missed

[Quiet Magician]

The CEO of a $2 trillion investment fund has recently revealed that he quit his job after his 10-year-old daughter wrote him a note detailing 22 landmark events in her life that he missed.

California-based Mohamed El-Erian’s daughter told her dad that he skipped her first day of school, missed her Halloween parade, and failed to show up to her first soccer game of the year because he was too busy at work.

His resignation as CEO of PIMCO investment in May 2013 shocked the financial world. However, in a recent interview, 56-year-old Mr El-Erian, who made $100 million in 2011 alone, explained that his young daughter and wife Jamie were the driving force behind the decision.

Mr El-Erian said “his need to be a good father was greater than his desire to be a good investor”.

The revelation recently went viral after he published an essay explaining his decision in Worth. He said: “About a year ago, I asked my daughter several times to do something — brush her teeth, I think it was — with no success. I reminded her that it was not so long ago that she would have immediately responded, and I wouldn’t have had to ask her multiple times; she would have known from my tone of voice that I was serious.” It was then that his daughter pointed out her father’s failings.

“I felt awful and got defensive: I had a good excuse for each missed event! Travel, important meetings, an urgent phone call, sudden to-do,” Mr El-Erian said.

“But it dawned on me that I was missing an infinitely more important point. As much as I could rationalize it — as I had rationalized it — my work-life balance had gotten way out of whack, and the imbalance was hurting my very special relationship with my daughter. I was not making nearly enough time for her.”

The investor, who has even dined with President Obama, has now taken on a “portfolio” of part-time roles that require far less travelling and allow him greater flexibility.

So the coli I ask you, would you give it up for the daughter or continue to grind?

 

[Sk3ptical]

grind and still see her

 

[Couth]

He made over a 100 million. He probably sees millions of dollars in passive income every year. He doesn't need to work so this isn't special.

No i wouldn't do the same. i'm not white. i can grind till the day i die and i still wouldn't have enough currency.

 

[BaldingSoHard]

So the coli I ask you, would you give it up for the daughter or continue to grind?

If I made "$100 million in 2011 alone." I can safely say that I've done enough grinding and it's time to go home and be a family man.

 

[Regular_P]

This is much different than a normal person. That guy made $100 million in a single year. He's not special for doing this.

 

[iBrowse]

Admirable but if he was parenting as he should this wouldn't be an issue.

 

[Bigtymer301]

I got a 4 year old daughter, and there is nothing that can compare. Some things are just priceless. Easily give it all up for my daughter..

 

[The G.O.D II]

Would have gave her that Tony Soprano #HOD# speech. Take that moral high ground and sleep at a bus station. But then again, he's daughter probably would be sucking dikk on camera to spite him so I could see his reasoning

 

[BlackManLiveFromLondon]

Nah

 

[M.O.N.E.Y.]

grind and still see her

lol not if you're that level CEO.
Everyone wants to be a CEO, but no one wants to be a CEO

 

[↓R↑LYB]

He made over a 100 million. He probably sees millions of dollars in passive income every year. He doesn't need to work so this isn't special.

No i wouldn't do the same. i'm not white. i can grind till the day i die and i still wouldn't have enough currency.

The wealthy don't work for money breh

 

[↓R↑LYB]

I got a 4 year old daughter, and there is nothing that can compare. Some things are just priceless. Easily give it all up for my daughter..

Enjoy it breh. In a decade your baby girl gonna probably be sucking dikk

 

[EA]

The article just said he resigned from his CEO position, it didn't say he retired. Someone of his level probably has a consultancy gig that doesn't require him to be away from home as much but no way did he just stop working altogether if he was making $11m 4 years ago when the economy was worse.

 

[Lost His Smile]

 

[Moshe.]

My daughter wouldn't be going to school. She'd be learning from me for much of her elementary/adolescent youth. Every day would be take your kid to work day. So I wouldn't be missing a damn thing, and I definitely wouldn't be quitting such a job.