Feature

Egyptian businessman left his multi-million dollar job after daughter wrote him a letter

Egyptian businessman left his multi-million dollar job after daughter wrote him a letter
El-Erian is probably smiling a lot more often now.
El-Erian is probably smiling a lot more often now.

Mohamed El-Erian, the former head of a $US 2 trillion investment fund and the current Chair of US President Obama’s Global Development Council, has revealed he quit his job after his daughter wrote him a list of 22 milestones in her life that he had missed during his career.

In a personal essay, the former CEO of PIMCO investment fund, who was once rumoured to be considered for the position of head of government in Egypt, wrote that he received a ‘wake-up call’ after realizing that he was not making enough time for his 10-year-old daughter and his wife.

“The list contained 22 items, from her first day at school and first soccer match of the season to a parent-teacher meeting and a Halloween parade. And the school year wasn’t yet over,” revealed El-Erian, who was born in New York City but spent most his childhood in Egypt as the son of an Egyptian Ambassador.

“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,” he explained, before adding that he could no longer rationalize his absence from his daughter’s life.

“It dawned on me that I was missing an infinitely more important point. As much as I could rationalize it – as I had rationalized it – my work-life balance had gotten way out of whack, and the imbalance was hurting my very special relationship with my daughter. I was not making nearly enough time for her.”

More than a year after changing the pace of his career, which in 2011 saw him making $US 100 million, El-Erian says he is  happy with his decision.

“I now alternate with my wife in waking up our daughter every morning, preparing her breakfast and driving her to school. I’m also around much more often to pick her up after school and take her to activities,” wrote El-Erian.

“She and I are doing a lot of wonderful talking and sharing. We’ve even planned a holiday together, just the two of us.”

Men sentenced to prison for 'homosexual activity' in Egypt
Egypt Condemns Turkish President Erdogan's Speech at the UN

Subscribe to our newsletter


  • Mohamed Matareed

    he’s gonna regret this….that’s 4 sure

  • LeeAnn Abbass

    Sure that is wonderful but some of us are forced to work instead of spend time with our families due to low wages and being over taxed. If I made $100 million I would quit my job too and spend more time with my children. Unfortunately, for me this is not as a working poor.

  • Your family, not fame or wealth must always come first.

Feature
@khairatmk

Mohamed Khairat is the Founder and Chief Editor of Egyptian Streets.

More in Feature

Behind the scenes of the filming

Redefine Ability: An Egyptian Campaign Changing How We View Ability

Mohamed KhairatJanuary 11, 2017
fit

How Has the Floating of the Egyptian Pound Impacted Egypt’s Real Estate Market?

Egyptian StreetsJanuary 4, 2017
direxiona

Direxiona: Egypt’s First Driving Platform for Women

Nouran AllamDecember 27, 2016
mentalhealth

Are Psychiatric Hospitals in Egypt Hurting Mental Health Care?

Mustafa Z MirzaDecember 13, 2016
victimscairocathedral

Remembering the Victims of the Cairo Cathedral Terror Attack

Egyptian StreetsDecember 12, 2016
01ea6fda4ec705de1f0d8307df4aad284af86e9fad1a6e2ae0a0f14630297bf5

Meet the Company Redefining Egypt’s Health Insurance Market

Enas El MasryDecember 4, 2016
13920532_1736726203248967_2577116043429050990_o

Making #HerStory Matter: Promoting Gender Equality on Arabic Wikipedia

Egyptian StreetsNovember 27, 2016
ahmed saied

‘We Made Chess Out of Soap’: Exclusive Interview with Released Political Prisoner Ahmed Saied

Aya NaderNovember 23, 2016
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2016 ES Media UG. All Rights Reserved.