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n2doc

(47,953 posts) Fri Sep 26, 2014, 01:12 PM Sep 2014

High-flying CEO quits after daughter writes list of 22 milestones he missed [View all]

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.

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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High-flying CEO quits after daughter writes list of 22 milestones he missed [View all] n2doc Sep 2014 OP

Oh, I thought CEO's didn't really work, they just go in at 10:00, have lunch, home by 3:30 snooper2 Sep 2014 #1

No, I'm sure that he works two or three thousand times harder than his employees Orrex Sep 2014 #5

+1 pity the poor rich people. How many Ed Suspicious Sep 2014 #35

"You work three jobs?" RufusTFirefly Sep 2014 #53

I'm sure he meant "Isn't it tragic Ed Suspicious Sep 2014 #63

If that's what you think you read, I'm sure you were missing the point. RedCappedBandit Sep 2014 #7

I expect either silence, an "LOL" or one of these Guy Whitey Corngood Sep 2014 #31

It makes me wonder sometimes Aerows Sep 2014 #41

No, CEOs work very hard, for the most part War Horse Sep 2014 #25

Good point. Raine1967 Sep 2014 #46

Exactly my opinion on the subject. stevenleser Sep 2014 #52

It's interesting Aerows Sep 2014 #36

Um, no not really, just usually I call out hypocrisy snooper2 Sep 2014 #54

The raccoon thing is the best you've got in your snark arsenal? Aerows Sep 2014 #56

I work at a financial firm, paid well, but I also put in 50-90 hour weeks, at times. TheBlackAdder Sep 2014 #47

"it's greed, ego, and power" - BINGO!!! groundloop Sep 2014 #51

Perhaps the daughter also didn't want to get raised by nannies. TheBlackAdder Sep 2014 #58

LOL omg kcr Sep 2014 #60

so he's leaving Enrique Sep 2014 #2

Yes. It sometimes gets forgotten that geek tragedy Sep 2014 #4

He left a long time ago and he was pushed out taught_me_patience Sep 2014 #17

And Bill Gross left PIMCO ...TODAY. ErikJ Sep 2014 #57

That's usually what they say when they are about to start a perp walk CanonRay Sep 2014 #32

"left a $100 million job" lumberjack_jeff Sep 2014 #3

Such people hate to leave money on the table. geek tragedy Sep 2014 #6

*hate to think anyone else is a real person needing money to live Adam051188 Sep 2014 #14

Most people in that bracket no longer care about money joeglow3 Sep 2014 #15

As Bill Gates once said, Mr.Bill Sep 2014 #39

Very true words Lonusca Sep 2014 #49

he's "advising", working part time for another fund now. TeamPooka Sep 2014 #27

I left the work force the last time I was laid off, hollysmom Sep 2014 #45

Lovely privilege, to be able to leave to spend more time with your family. RedCappedBandit Sep 2014 #8

wonderful story strawberries Sep 2014 #9

How many single moms have missed milestones while working for minimum wage or less Orrex Sep 2014 #10

I feel so bad for him, too ... Let me play him the song of my people Tuesday Afternoon Sep 2014 #12

No shit. progressoid Sep 2014 #22

Did their kids write 22 events that they missed? yeoman6987 Sep 2014 #30

That is probably the most irrelevant question I've seen all day. Nicely done. Orrex Sep 2014 #34

Why don't you go ask them and let us know... Rex Sep 2014 #40

Note, there's no mention of the domestic staff who actually watched the children. nt TheBlackAdder Sep 2014 #48

"Single mom with three jobs works while kids act brave because she's missing school play." Brickbat Sep 2014 #11

mistresses can be so demanding of your time. Adam051188 Sep 2014 #13

Man you're jaded taught_me_patience Sep 2014 #19

It is a nice story. But did he leave or was he pushed out as you said above? nt Guy Whitey Corngood Sep 2014 #23

Yeah. I hardly ever Feral Child Sep 2014 #33

it's fundamentally sick that some people feel... Adam051188 Sep 2014 #64

I know someone wealthy who did the same thing TexasMommaWithAHat Sep 2014 #16

Hard not to be cynical about it, though. Orrex Sep 2014 #18

Now maybe his daughter will write an essay about how he should give back to the community. progressoid Sep 2014 #20

Don't hold your breath on that one :-) TheBlackAdder Sep 2014 #50

He quit being a parent? Where do I sign up for that? randome Sep 2014 #21

I'm glad for his daughter LibertyLover Sep 2014 #24

Whoa. That's heavy. My sympathies to you. randome Sep 2014 #26

I see marriage counseling in your future. TeamPooka Sep 2014 #28

Sounds like he had a job RandiFan1290 Sep 2014 #29

Indeed. Ed Suspicious Sep 2014 #37

Ah. Just breaks my heart. :/ C Moon Sep 2014 #38

Well I'll be damned. A multi millionaire that figured out he had enough money. That's what I don't liberal_at_heart Sep 2014 #42

Maybe if more of them realized they have more than enough already, we wouldn't be in such a mess. nomorenomore08 Sep 2014 #55

That's nice abelenkpe Sep 2014 #43

Great that he can afford to quit.... but so many others can't. tinrobot Sep 2014 #44

It's easy enough to look at the $$$ and write the guy off. GitRDun Sep 2014 #59

This is a great point. So much for "family values," eh? RufusTFirefly Sep 2014 #61

I could not have said it better myself! GitRDun Sep 2014 #62