Egyptian Millionaire Quits His Job For His Daughter

A top Egyptian investment chief, Mohamed El-Erian, recieved a hard wake up call and had to make the ultimate sacrifice that would in turn ensure he could spend more time with his beloved daughter.


After receiving a dressing down from his 10-year-old daughter a top Egyptian chief was forced to quit his job.

Mohamed El-Erian, 56, used to work at California-based PIMCO investment fund where he was the CEO and would work hard long 16-plus hour days. With his $100m per year job things could not be any better until one night he asked his daughter to brush her teeth before bed one evening.

El-Erian said, “About a year ago, I asked my daughter several times to do something – brush her teeth, I think it was – with no success. I reminded her that it was not so long ago that she would have immediately responded, and I wouldn’t have had to ask her multiple times; she would have known from my tone of voice that I was serious.”

But what came next is what changed his life forever.

“She asked me to wait a minute, went to her room and came back with a piece of paper. It was a list that she had compiled of her important events and activities that I had missed due to work commitments. Talk about a wake-up call,” he added.

“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. 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. 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.”

With his old schedule El-Erian would only sleep from 9 pm to 1 am, then he would work on his newspaper articles, go to the office at 4:30 am and move around the trading floor on to his office to take on his management duties a 9 am.

Just days later he decided to leave his old life behind and quit his job forever. This California-based financier said ‘a cliché’ but he wanted to spend more time with his wife Jamie, a lawyer, and their daughter.

El-Erian said “his need to be a good father was greater than his desire to be a good investor.”

Since El-Erian resigned he and his wife take turns getting their daughter up in the morning and taking her off to school.

After the resignation El-Erian spoke to Bloomberg saying, “I’ve gone through a transition after 14 great years with PIMCO and 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.”

By Hannah Jones

Hannah is a Manchester based writer who has spent many years studying and working in the field of journalism and psychology. Hannah enjoys swimming, meditation and dog walking. Her favourite quote is, 'If it doesn't challenge you, it doesn't change you.'