Daily Jambo

Successful CEO quit after receiving a note from his 10-year-old daughter

Published: 25.09.2014
Reading time: 4 minutes


California-based Mohamed El-Erian shocked the financial world when he resigned as chief executive of PIMCO in May 2013.
He was the head of a $2 trillion investment fund and had earned $100 million in year 2011. 
What made him quit was a handwritten note from his 10-year-old daughter.

56 years old Mohamed El-Erian was arguing with his daughter on brushing her teeth and she went to fetch a piece of note from her room.

The note was a list she had compiled of her important events and activities that her father had missed due to work commitments.

The list contained 22 items, from first day of school to her first soccer match and parent-teacher meeting session.

"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."

Mr El-Erian who used to leave home at 4.30am every morning for work now has the time to wake her daughter up, prepare breakfast for her and fetch her to school.

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