CEO of Trillion-Dollar Company Resigned After His Daughter Told Him How Much He Has Missed

A 22-point list written by his 10-year-old daughter was all it took to change the trajectory of Mohamed El-Erian’s life.

Mohamed El-Erian, chief economic advisor at Allianz SE, speaks during the 31st Annual Meeting of the Bretton Woods Committee at the World Bank
Mohamed El-Erian, chief economic advisor at Allianz SE, speaks during the 31st Annual Meeting of the Bretton Woods Committee at the World Bank

In January, El-Erian made headlines for announcing his resignation as CEO of trillion-dollar investment fund PIMCO in January. In anarticle for Worth this summer, which has recently gone viral, El-Erian explains that he decided to step down after his daughter listed out the many milestones he had missed in her life.

When El-Erian asked his child why she wasn’t listening to him when he asked her to brush his teeth, she gave him a list of 22 things he had missed (from first soccer matches to Halloween parades) because of work.

“Talk about a wake-up call,” El-Erian writes. “I felt awful and got defensive: I had a good excuse for each missed event! Travel, important meetings, an urgent phone call, sudden to-dos… But it dawned on me that I was missing an infinitely more important point.”

While discussion of work-life balance is often discussed with women in the C-Suite, men are rarely asked whether or not they “have it all.”

But the conversation is now opening up. And this is largely because men are speaking out. For example, former CEO of MongoDB Mike Schireson wrote a popular blog post about his decisions to step down from his position after he realized how much he was missing in his children’s lives.

A recent TIME article asked 7 C-Suite dads, many of whom were CEOs, to reflect on their struggles to maintain a strong work and family life. Intuit CEO Brad Smith recalled leaving his wife and newborn daughters the day after both of them were born for work trips. Since then he has learned that there are “crystal” and “rubber” moments — while you can bounce back from missing a few occasions, the crystal moments (graduations, weddings, births) should never be dropped.

Since resigning, El-Erian now manages “a portfolio of part time jobs” that provides more flexibility. (Meanwhile his former firm, PIMCOhas run into some troubled waters.)

“I now alternate with my wife in waking up our daughter every morning, preparing her breakfast and driving her to school,” he said. “I’m also around much more often to pick her up after school and take her to activities. She and I are doing a lot of wonderful talking and sharing. We’ve even planned a holiday together, just the two of us.”

Source: http://time.com/

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