Boss of €2 Trillion Firm Quits As Daughter Shows Him 22 Milestones He's Missed 7 years ago

Boss of €2 Trillion Firm Quits As Daughter Shows Him 22 Milestones He's Missed

The head honcho of investment firm Pimco quit his job after his 10-year-old daughter presented him with a list of 22 milestones in her life that he has missed.

Mohamed El-Erian quit his role stating that he wanted to spend more time with his family.

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The note from the young girl cited all the things in her life that he had missed as a result of his work with the €2 trillion investment firm.

The investment chief sent shockwaves through the investment world when he handed in his notice and spoke in a revealing interview to Bloomberg some months after his resignation.

“I’ve gone through a transition after 14 great years with Pimco,” he said. “I’ve put together a portfolio of part-time activities that I’m really excited about. I’m also really excited to spend more time with my family and my daughter."

Former Pacific Investment Management Co. CEO Mohamed El-Erian Interview
Mohamed El-Erian shocked the investment world when he resigned. 

In a further interview with Reuters he explained: “Was there a way of not going 100 miles an hour and maybe going 50 miles an hour? To be perfectly honest, I didn’t explore that option. I never explored,” he mused.

He added that the need to be a good father was greater than that of being a good investor, saying that the re-evaluation of his life came on receiving a note from his daughter.

If he had known his “cliché” decision was going to cause such a "media circus" though, he might have done things differently he added.

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El-Erian has now become the chief economic adviser at Allianz, where he spends 50% of his time and "I love it."