The week@work – end of summer, Wells Fargo issues an apology to artists, start-ups adapt, cycling is the new networking, and the August jobs report

In news this week@work: Wells Fargo placed advertising in advance of ‘Teen Financial Education Day’ implying the worth of career aspirations in the sciences rank above those in the arts, Silicon Valley start-ups are adapting  to anticipate a market downturn, networking has moved from the bar to the bike (that’s a good thing), and the U.S. unemployment rate remained unchanged at 4.9%.

Late Saturday morning I checked my Twitter feed and found this from novelist Caroline Leavitt. Forget post-tropical cyclone Hermine, this was the Labor Day weekend’s perfect storm.

According to Forbes contributing writer, Emily Willingham,“Wells Fargo rolled out an ad campaign this week that it almost immediately withdrew following on Internet outrage from a lot of angry artists and humanities professors. That may not sound that scary, but these folks know how to use words and emote.

The ads, using images depicting teens engaging in sciencey things, urge us to “get them ready for tomorrow” by ensuring that the aspiring ballerinas and actors of today become engineers and botanists of the future…

The message here is, of course, that the future is science. That becoming a ballerina or an actor is a dreamscape fairytale that has no place in a real world of cold hard cash and sciencey-sounding things like botany. Imagine if some parents buy into that ad’s message and try to push their budding ballerina into botany instead. The world loses an artist and gains a mediocre, uninterested botanist who’s given up her life’s dream? Lose–lose.”

This was not just a ‘business section’ story. Olivia Clement reported on Broadway’s reaction on Playbill.com.

“A new advertising campaign from Wells Fargo, an American banking and financial services company, has prompted outrage from the theatre community. The ads imply that it is more valuable for young people to pursue a career in the sciences rather than the arts.

A Wells Fargo brochure depicts a young man in a science lab. “An actor yesterday. A botanist today. Let’s get them ready for tomorrow,” reads the accompanying text. Another, depicting a young woman in a lab, reads: “A ballerina yesterday. An engineer today.”

Among those to express their disappointment and frustration at the campaign on September 3 were Alex Brightman, Ann Harada, Cynthia Erivo, Heather Headley and Benj Pasek—who took to Twitter to call out the company directly. “Apparently @WellsFargo doesn’t think that an actor or ballerina require any work at all. Shame!” read Erivo’s tweet.”

Wells Fargo apologized via Twitter late Saturday.

Anticipating the end of the boom, Katie Benner delivered a tech industry status report, ‘Warned of a Crash, Start-Ups in Silicon Valley Narrow Their Focus’.

“Last year, many tech executives, venture capitalists and entrepreneurs were convinced that a multiyear boom that had propelled young companies to great heights could no longer sustain itself.

The worst fallout may yet come, but many of the start-ups have hung on. Across Silicon Valley, engineers are still commanding annual salaries that average $136,000, according to Hired, a recruiting firm. Demand is brisk for $4 buttered toast, and office space rents remain near record highs. The biggest start-ups, like Uber and Airbnb, continue to land billions of dollars in funding. And investors are shoveling money into venture capital funds, which raised so much cash in the first half of this year that it rivaled the amount raised in all of 2015.

For all of the hand-wringing, “there just hasn’t been much of a downturn,” said Paul Buchheit, a managing partner at Y Combinator, a prominent start-up incubator that nurtured companies including Dropbox and Airbnb. “I don’t even see many companies going out of business.”

Wondering where you might meet one of those tech execs or VCs? This past week Sarah Max covered a story that has been growing globally over the past year, ‘Cycling Matches the Pace and Pitches of Tech’. In other words, cycling is the new networking.

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“Thinking he needed to take up a “California sport,” Greg Gretsch started cycling in 1988, when he moved to the Bay Area to work in marketing at Apple after graduating from the University of Georgia. He bought a 10-speed road bike and joined a group of other Apple employees for a standing noon ride.

Today, Mr. Gretsch, 49, is a founding partner with San Francisco-based Jackson Square Ventures, which makes early-stage investments in fledgling companies, including a social network and performance-tracking app for athletes call Strava. He rides an average of five days a week on paved roads in the Bay Area and on trails near his second home near Lake Tahoe. Cycling is primarily for exercise and escape, he said, but it has also been good for his career.

“Connecting with people is important to what I do, and you can learn a lot about a person, and from a person, on the bike,” said Mr. Gretsch, who founded three companies before going into venture capital in 2000 at a firm called Sigma Partners.”

On Friday, the U.S. Labor Department released the August jobs report. Camila Domonoske summarized the data for NPR.

“The U.S. added 151,000 new jobs in August and the unemployment rate held steady at 4.9 percent, according to the monthly jobs report from the Bureau of Labor Statistics.

Both those metrics fell short of expectations: Economists were expecting about 180,000 new jobs, and a slight dip in the unemployment rate, to 4.8 percent…”

Finally, this week@work, we celebrated the last weekend of summer.

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Photo credit: Boulder cyclists, Cliff Grassmick, Daily Camera

 

The week@work – Tonys, LinkedIn, Microsoft, ‘Brexit’, Orlando, and how to make a good teacher

This week@work the amazing Broadway production of Hamilton took home eleven Tony awards, Microsoft absorbed LinkedIn, young workers in Great Britain contemplated life after ‘Brexit’, journalist Anderson Cooper reported from Orlando, and we learned teaching can be taught.

Rolling Stone Magazine reporters Amy Plitt and Phoebe Reilly tallied the ’20 Best, Worst and WTF Moments at 2016 Tony Awards’.

“On a night that was marked by tragedy — and occurring mere hours after news broke of the deadly mass shooting in Orlando, Florida — the Tonys provided a much-needed bit of levity. The performers and honorees didn’t shy away from speaking about the shocking events of the day, but the overall mood was one of celebration. Part of the credit goes to the master of ceremonies James Corden, best known as the goofy host CBS’s Late Late Show, yet still a dorky theater kid at heart; his charming, cheerful persona brought an upbeat mood to the proceedings. And the Hamilton effect — and the fact that it was just a strong year for Broadway in general, with plenty of wonderful productions to celebrate — surely had something to do with it as well.”

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One of the best moments was James Cordon’s resume review of Tony nominated actors and their appearances on Law and Order.

“If you’ve ever thumbed through a Playbill wondering “Where have I seen that actor before?!?,” the answer is usually: Law & Order. Corden made very rewarding use of this New York actor résumé mainstay last night when he called on Claire Danes for her memorable portrayal of … L&O’s Tracy Brandt. The joke only got better as Corden showed footage of Hamilton’s Daveed Diggs and Leslie Odom Jr. (who were in the same episode!) and poor Danny Burstein — the Fiddler on the Roof star played six different roles on the series, and each time Corden flashed the photo of another character, the audience (and Burstein) laughed harder. Apparently, there is absolutely no continuity on Law & Order.”

And now you know.

The breaking business story on Monday was news of the Microsoft/LinkedIn acquisition. The New Yorker’s Nicholas Lemann examined ‘LinkedIn’s Complicated Bet on the Future of Work’.

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“LinkedIn, the business-oriented social-networking company that Microsoft acquired, this week, for $26.2 billion, was founded on two premises. The first was that, even in the winner-take-all world of Internet businesses, there would still be room for a niche company (meaning, in this case, only four hundred million registered users, and a hundred million users per month). The second was that what it means to work in a business is now profoundly different from what it was in the Organization Man era. White-collar employees are highly unlikely to spend a lifetime with a single employer, and more and more are not employees at all in the traditional sense. They self-manage their careers, in part by maintaining online personal networks, rather than have them managed by a corporate human-relations department.”

Now LinkedIn will function as part of a Fortune 50 corporate structure and employees will move from an entrepreneurial culture/ stock option pay structure to an “alternative universe, where, by tech-company standards, employees stay an unusually long time—the average tenure at Microsoft is five years, versus two years at Google, according to data from the consulting firm PayScale—and are unlikely to get rich from their stock options zooming up in value, as was the case for Microsoft employees back in the twentieth century. They are going to be their world’s equivalent of corporate lifers, with generous salaries and benefits and some measure of job security, while working to promote the continued growth of a very different kind of work arrangement elsewhere in the economy.

The technology world seems to be creating a small number of extremely successful people, a larger number of well-treated corporate employees, and an even larger number of people who wish they could be employees.”

And then there are the rest of us who now face the prospect of LinkedIn ads invading our quiet space as we commit great thoughts to Word and fill in Excel spreadsheets.

Randall Stross shared his opinion, ‘Why LinkedIn Will Make You Hate Microsoft Word’.

“My version of Word, a relatively recent one, is not that different from the original, born in software’s Pleistocene epoch. It isn’t networked to my friends, family and professional contacts, and that’s the point. Writing on Word may be the only time I spend on my computer in which I can keep the endless distractions in the networked world out of sight.

Matthew G. Kirschenbaum, an associate professor of English at the University of Maryland and author of “Track Changes: A Literary History of Word Processing,” said the move reflected a failure to understand what writers need. “Most of the most innovative writing tools now on the market position themselves precisely as distraction-free platforms,” he said.

What Mr. Nadella fails to see is how extending LinkedIn’s “social fabric” to Word will kill the magic, not speed it up.”

On Thursday, voters in Great Britain will choose to leave or remain in the European Union. Kimiko De Freitas-Tamura reported ‘Brexit’ Vote Worries European Up-and-Comers Lured to Britain’.

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“For years, Britain’s relatively vibrant economy has attracted a steady flow of young people fleeing a lack of opportunity in their home countries on the Continent. London in particular is full of young Europeans, who have helped give the city its dynamic, global feel. From entrepreneurs, bankers and fashion designers to artists, waiters and students, all are free to resettle in Britain and make their futures here without so much as a visa.

No one knows for sure what would happen to them if Britain voted to leave the European Union — their immigration status would have to be worked out in the negotiations that would follow — but the debate itself has left some of the young people feeling fearful, frustrated and even angry.

Journalist Anderson Cooper covered the mass shootings in Orlando this week, demonstrating empathy for the victims and tenacity in interviews with politicians. Michael M. Grynbaum profiled the CNN anchor for The New York Times.

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“Anderson Cooper was reading the names of victims of the Orlando massacre on CNN this week when, uncharacteristically, his voice wavered and he drew up short. For moments, viewers around the country heard only silence, and then the sounds of the anchor struggling to compose himself.

As the news industry descended on Florida this week in the aftermath of a mass shooting in a gay nightclub, Mr. Cooper’s raw, activist-style coverage has stood out. He has held a prime-time vigil of sorts, reciting a list of the dead; refused to name the gunman, saying he wanted to focus on victims; and, in a widely viewed exchange, grilled Florida’s attorney general for defending a state ban on same-sex marriage.”

It was a very tough week@work. Colleagues celebrating their day off late Saturday into Sunday morning were viciously murdered in a gay nightclub in Orlando, and on Thursday, Member of Parliament Jo Cox was murdered as she went to work to meet with her constituents in West Yorkshire.

The last story, from The Economist, ‘How to Make a Good Teacher’.

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“Big changes are needed in schools, too, to ensure that teachers improve throughout their careers. Instructors in the best ones hone their craft through observation and coaching. They accept critical feedback—which their unions should not resist, but welcome as only proper for people doing such an important job. The best head teachers hold novices’ hands by, say, giving them high-quality lesson plans and arranging for more experienced teachers to cover for them when they need time for further study and practice.

Money is less important than you might think. Teachers in top-of-the-class Finland, for example, earn about the OECD average. But ensuring that the best stay in the classroom will probably, in most places, mean paying more. People who thrive in front of pupils should not have to become managers to earn a pay rise. And more flexibility on salaries would make it easier to attract the best teachers to the worst schools.

Improving the quality of the average teacher would raise the profession’s prestige, setting up a virtuous cycle in which more talented graduates clamoured to join it. But the biggest gains will come from preparing new teachers better, and upgrading the ones already in classrooms.”

Here’s what I think. Improving the quality of teachers will improve the quality of content taught. It will ensure a ‘safe space’ to openly discuss the issues facing our neighborhoods, counties, countries and continents. Good teachers remove the blinders of hate and discrimination. A courageous teacher at the front of the classroom cautions the young against the errors of the past, and is the best antidote to history repeating itself.

A good teacher reminds us that we are all teachers.

paris