by David McElroy
It’s easy to say you care about your spouse and children, but words are empty compared to actions. Earlier this year, a California multimillionaire was forced to decide what was most important to him in life.
Mohamed El-Erian was CEO of a $2-trillion investment firm called PIMCO. He’s a very successful and hard-driving businessman who has made a lot of money. In 2011 alone, his income was $200 million. But he shocked the financial world in January when he quit his job — not to jump to a rival firm, but to spend time with his wife and daughter.
We can all learn something from his choice.
El-Erian was forced to decide what was most important to him — his family or his income — because his daughter challenged him. Writing for Worth magazine in May, El-Erian explained his crisis of values.
He said he asked his daughter to do something — which he recalls as brushing her teeth — and the two ended up arguing about her lack of compliance. He reminded her that she had always been quick to obey him, but she asked him to wait a minute, then she disappeared briefly to get a piece of paper from her room.