CEO Quits His Job Making $100 Million Per Year After Receiving A Letter From His Daughter
September 26, 2014
Mohamed El-Erian shocked the financial world when he announced his resignation as CEO of PIMCO.
Credit: Reuters
The 56-year-old CEO of the $2 trillion investment firm decided to quit after his 10-year-old daughter presented him with a list of milestones in her life that he had missed.
El-Erian said the wake-up call happened when he was arguing with his daughter about brushing her teeth and she left to fetch a piece of paper from her room.
"It was a list that she had compiled of her important events and activities that I had missed due to work commitments," he wrote.
The list contained 22 items, from her first day at school and first soccer match of the season to a parent-teacher meeting and a Halloween parade.
"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.
"But it dawned on me that I was missing an infinitely more important point ... I was not making nearly enough time for her."
El-Erian said wanting to spend more time with his family is a cliche but he decided that "his need to be a good father was greater than his desire to be a good investor".
Click Here For The Most Popular On Sunny Skyz
Couple Rescues Prairie Dog From Their Dog's Mouth, Then Decides To Adopt It
Ohio Man Makes Waves With His Fully Functioning Hot Dog Boat
Teacher’s Final Wish: Backpacks For Students In Need Fill The Aisles At Her Funeral
Why Hope Is The Key To A Meaningful Life, Backed By New Research
These Are The Movie Scenes People Say Are Absolutely Flawless
Judge Waives Parking Fines So Dad Can Keep Supporting Son’s Space Dreams
Every Day, This Golden Retriever Leaps Into The Pig Pen To Play With The Piglets
Dog Saves His Best Friend's Life In Incredible Moment Caught On Video
Woman Tries To Help Bird, Then This Happened... And We Can't Stop Laughing
Newborn Baby Has Sweet Conversation With Dad While Lying On Mom’s Face
Sassy Pig Throws Hilarious Tantrum, Slams Door And Gives Mom Silent Treatment