Pimco's El-Erian Sees Rounds Of Quantitative Easing Starting November


Mohamed El-Erian, 56, CEO of PIMCO, resigned from his job being the chief of the world’s biggest bond business. It is rumored that Mr. El-Erian left PIMCO in January due to issues with Bill Gross, the company’s founder. But, although there were issues with Bill Gross, he claims that this is not the reason Mr. El-Erian left. Mr. El-Erian told Wealth Management Magazine Worth :

“About a year ago, I asked my daughter several times to do something…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.”

“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…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…”

“…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.”

His daughter also claimed that he missed her first day of school, first soccer match, and plentiful other parent-student events.

My personal input on this would be that I totally respect Mr. El-Erian and agree with his actions. If I were in Mr. El-Erians’ place, I would definitely put family over work, especially for my children. I believe what Mr. El-Erain did was correct and I support him and encourage all men and women that can’t manage between work and their personal relationship with their children to do the same thing. Your personal relationship with your children is probably the most important since it all comes down to how your children are going to become once they grow up. If a parent doesn’t maintain a close and personal relationship with their child, their child will for sure have social issues later on in their life and would fail in numerous things in life since their parents weren’t there for them to tell them how to deal with certain situations. But, if a parent maintains a close and pleasurable relationship with their child, then they will grow up to become successful people in their life and work due to just a little bit extra work from the parents. Life is all about taking the correct paths and maintaining optimistic relationships; take the opportunity while you can and maintain the most outstanding possible optimistic relationships you can with your surroundings.

By: Youssef Hanna