The CEO of a $2 trillion investment fund quit his job when his daughter presented him with a list of 22 milestones in her life that he had missed.
When Mohamed El-Erian resigned from his role at California-based PIMCO it came out of the blue but now he has revealed that his daughter was behind the decision.
In an interview with Worth magazine El-Erian, 56, 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.
“She asked me to wait a minute, went to her room and came back with a piece of paper. It was a list that she had compiled of her important events and activities that I had missed due to work commitments. Talk about a wake-up call.”
The list contained 22 landmarks including things like first day of school, first soccer match, parent teacher evenings and a Halloween parade – all missed due to work commitments.
“As much as I could rationalize it - as I had rationalized it - my work-life balance had gotten way out of whack,” said El-Erian. “The imbalance was hurting my very special relationship with my daughter. I was not making nearly enough time for her.”
He says that since resigning he has taken steps to achieve a better balance - he and his wife take turns in waking up their daughter, preparing her breakfast and bringing her to school.
Image courtesy of Wikipedia user NorbertSchiller
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