27 Sep 2014

High-flying CEO quits after daughter writes list of 22 milestones in her life that he missed.

The head of a $2 trillion investment fund has revealed he quit his job after his 10-year-old daughter wrote him a note listing 22 special moments in her life he had missed.

California-based Mohamed El-Erian shocked the financial world when he announced his resignation as chief executive of PIMCO in January 2014.

Mr El-Erian, who made $100 million 2011 alone, said in a recent essay for Worth that his wife and daughter were at the heart of his decision to quit.

The 56-year-old 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."

Read more at http://www.9news.com.au/world/2014/09/25/06/42/high-flying-ceo-quits-after-daughter-sends-him-22-things-he-missed

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