Why Mohamed El-Erian left Pimco – to be a proper dad

Betty Liu, Mohamed El-Erian
Click for video [possibly after a commercial]

One of the leading political economists in the world staggered everyone when he walked away from PIMCO. Long accepted as next in line – ready to take over full countrol of the world’s largest bond investing firm when Bill Gross retires – people were shocked when Mohamed El-Erian left with no plans for his next career, no move to another investment firm.

His first interview in the four months since he departed PIMCO was this morning – with Betty Liu of Bloomberg TV. And while it’s all interesting to economics and politics geeks, the most memorable moment was him describing the interaction with his 11-year-old daughter that really provoked this change.

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