Just last year, Mohamed El-Erian was the head of a $2 trillion investment firm in California. He was making about $100 million a year. And he had the respect and admiration of his peers. But then one morning his 10-year-old daughter handed him a piece of paper that would change his life.
What was on the paper?
"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," El-Erian wrote in a column for Worth.
"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."
He resigned from the firm, PIMCO, to make sure he didn't miss another moment with his family.
"He quit. How great is that?" Glenn said.
"Phenomenal. Especially after you made a hundred million dollars the previous year. You know, you've got enough money to last how many lifetimes? Spend some time with your family," Pat said.