CEO Quits After Daughter Points out 22 Milestones He Missed

[naloj]

http://www.independent.co.uk/news/business/us-financier-quits-2trn-investment-fund-after-his-daughter-writes-list-showing-22-life-landmarks-hed-missed-9754002.html

[viper155]

Interesting read.....I was very lucky to have a career with flexible hours. I missed many a Thanksgiving dinner and a couple of Christmas Eves but I was there for all the first days of school, birthdays and big games. It was great being there for all of that and maybe thats why my now grown children have turned out the way they did. The man in the article has enough now to change his ways. I hope he does.

[socaso]

That's so great of him to get over his defensiveness enough to see the bigger picture. I was lucky that my parent's had workaday jobs with regular hours. I had breakfast and dinner with them almost every day of my life as a child.

[sobezen]

Glad he finally realized what really matters in life, "shared time" with his loved ones. The lost time is never found for all the money in the world. He is fortunate he came to this realization and accepted responsibility for his actions.  Good for him!

[Gone Fishing]

There is no present like time.

[MandalayVA]

Did anyone else think of "Cat's In The Cradle" while reading that?  That's still one of the saddest songs I've ever heard.

[Bob W]

Warning sarcasm below. 

"I'm leaving to spend more time with my family"   Where have I heard that before?   Oh yeah, from virtually every CEO asked to resign in the past ten years.     

My guess is that the truth is somewhere else. 

It could be that the CEO of Pimco significantly underperformed his peer group and bond index funds for several years,  or that he was wrong on some very big turns in that time period.   Or it might also be the his name is middle eastern and that just isn't in style these days.   My guess is that it is more to do with his terrible investment record.

This guy should be the poster child for why investing in index funds is such a good idea. 

[vern]

Wait, BaBaBooey retired?

[UnleashHell]

yeah - must have been a tough desicion to make with a few hundred million in the bank to cushion the blow..

[jzb11]

yeah - must have been a tough desicion to make with a few hundred million in the bank to cushion the blow..

Exactly.. Homeboy makes tens of millions of dollars annually, why is this news?

Perhaps the bigger question is "Why the hell do you keep working insane hours as a CEO when you make more money than anyone would ever need to retire in a month?"

[RFAAOATB]

Perhaps the bigger question is "Why the hell do you keep working insane hours as a CEO when you make more money than anyone would ever need to retire in a month?"

The world is drowning in millionaires, but the chance to be a billionaire is too much to pass up.