Author Topic: $2 Trillion fund manager quits after being shamed by daughter for being absent  (Read 4382 times)

Travis

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http://www.9news.com.au/world/2014/09/25/06/42/high-flying-ceo-quits-after-daughter-sends-him-22-things-he-missed

This is a subject near and dear to me and it caught my eye.  His kid figuratively slapped him across the face with a list of everything in her life he's missed because his work has been his life.  He certainly didn't need the money by that point and made a realization.  Half the comments are "good for him for finally waking up" and the other half are "lucky him that entitled rich jerk."
« Last Edit: September 26, 2014, 11:26:55 AM by Travis »

nereo

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This highlights an interesting theme I've been noticing a lot lately; that society seems surprised when someone who excels in one specific arena can be deficient in another aspect of life.  For example, the football star who beats his wife, or the talented actor who can't manage his $millions, or (in this case) the fund manager who has been a terrible father.

Just because you are great at something doesn't mean you are a great person.  Conversely, even if you aren't particularly good at anything, you can still be an excellent, wonderful person.

GuitarStv

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This highlights an interesting theme I've been noticing a lot lately; that society seems surprised when someone who excels in one specific arena can be deficient in another aspect of life.  For example, the football star who beats his wife, or the talented actor who can't manage his $millions, or (in this case) the fund manager who has been a terrible father.

Just because you are great at something doesn't mean you are a great person.  Conversely, even if you aren't particularly good at anything, you can still be an excellent, wonderful person.

To take the same idea a bit further . . . My experience in life has been that the generalists are typically better rounded and much more likely to be all-round great guys/gals.  Really excelling in one area at a very high level demands sacrifice that almost always translates into problems elsewhere.

Grande

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Too bad. I really like El-Erian. He is really thoughtful when he speaks. I listen to him on macroeconomics matters as its an interest of mine. He is not one of the stereotypical greedy wall street yacht riding guy. Also the kid is 10 years old so I assume it was El-Erian who when public with this list.

I promise my kids I'll quit after only a million.

soccerluvof4

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I see this all the time in every day life. The absentee parent , usually but not always the dad. Traveling for work , missing all his kids stuff to have nice things but the greatest things he has is his family right at home.  Balance is the key to everything....

athenap

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I think it's a good story, but I am not sure it's the full story. What's with the clashes between El-Erian and Bill Gross (PIMCO's CIO at the time) over number of things, including performance, the fact that El-Erian landed at PIMCO's parent company Allianz and not retired to spend time with the family (methinks he maybe could afford to take the time off) and the fact that Gross abruptly quit on Friday, allegedly before he was ousted... This implies to me that there may be more to El-Erian's departure than just missing out on family life. But maybe I am just a wee bit jaded...

« Last Edit: September 29, 2014, 10:22:37 AM by athenap »

The Money Monk

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This highlights an interesting theme I've been noticing a lot lately; that society seems surprised when someone who excels in one specific arena can be deficient in another aspect of life.  For example, the football star who beats his wife, or the talented actor who can't manage his $millions, or (in this case) the fund manager who has been a terrible father.

Just because you are great at something doesn't mean you are a great person.  Conversely, even if you aren't particularly good at anything, you can still be an excellent, wonderful person.

To take the same idea a bit further . . . My experience in life has been that the generalists are typically better rounded and much more likely to be all-round great guys/gals.  Really excelling in one area at a very high level demands sacrifice that almost always translates into problems elsewhere.

Jacob Fisker called this the "Renaissance man"