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Mohamed El-Erin's Decision To Quit Sends Bankers Right Message
"Mohamed El-Erian did something last week that other people working in finance should consider copying: he quit. . .
The gruelling hours were even more important [than his fights with Mr. Gross]. In his valedictory emails, perhaps wary of the cliché, Mr El-Erian avoided saying he wanted to spend more time with his family. But that is, in fact, his main reason for leaving, according to people close to him.
One tells me that on an average day Mr El-Erian’s alarm clock goes off at 2.45am. He usually gets to the office by 4.15am, gets home to his family about 7pm, eats, goes to bed by about 8.45pm and does it again. . . Giving up annual pay said to be $100m, Mr El-Erian, 55, told friends he wanted to embark on a 'third career' after working as a senior International Monetary Fund official and then as an investor for Pimco and Harvard University."
The article goes on to say something akin to: "Hey! Junior bankers of the world! Your life's going to be a living hell, punctuated by the arrivals of ridiculous piles of cash, sudden dismissal and disorientation. Get a clue. Get a life."
I'm guessin' students enroll despite the songs, or do you just send them out hoping to divert the ueber-dorks? (can't figure out how to do an umlaut) Of course, my uni has "gloriana frangipana" in a line, words I can only assume were chosen because they sounded so swell together.
Mohamed E-E was paid (I'm reluctant to use "earned" in this sentence) $100M/yr? Looks like he can accept a $1/yr position safely in his next career.
Comments
"Mohamed El-Erian did something last week that other people working in finance should consider copying: he quit. . .
The gruelling hours were even more important [than his fights with Mr. Gross]. In his valedictory emails, perhaps wary of the cliché, Mr El-Erian avoided saying he wanted to spend more time with his family. But that is, in fact, his main reason for leaving, according to people close to him.
One tells me that on an average day Mr El-Erian’s alarm clock goes off at 2.45am. He usually gets to the office by 4.15am, gets home to his family about 7pm, eats, goes to bed by about 8.45pm and does it again. . . Giving up annual pay said to be $100m, Mr El-Erian, 55, told friends he wanted to embark on a 'third career' after working as a senior International Monetary Fund official and then as an investor for Pimco and Harvard University."
The article goes on to say something akin to: "Hey! Junior bankers of the world! Your life's going to be a living hell, punctuated by the arrivals of ridiculous piles of cash, sudden dismissal and disorientation. Get a clue. Get a life."
Roughly.
David
Regards,
Ted
http://www.augustana.edu/admissions/augie-songs
Of course, my uni has "gloriana frangipana" in a line, words I can only assume were chosen because they sounded so swell together.
Mohamed E-E was paid (I'm reluctant to use "earned" in this sentence) $100M/yr? Looks like he can accept a $1/yr position safely in his next career.