The week@work: 100 greatest business minds, inequality & activism@work

Have you noticed how little time we have to catch our breath between ‘breaking news’ stories? We seem to be suffering from group attention span disorder. This week@work the focus is on narratives with a thread longer than 140 characters; important stories that dim when the next shiny object distracts: leadership, inequality and activism@work.

Forbes Magazine is celebrating 100 years in publication with essays by the 100 Greatest Living Business Minds. “To celebrate Forbes’ centennial, we amassed an A-to-Z encyclopedia of ideas from 100 entrepreneurs, visionaries and prophets of capitalism—the greatest ever collection of business essayists and greatest ever portrait portfolio in business history.”

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Here’s a sample of thoughts shared by global leaders:
Georgio Armani: “I always try to maintain a sense of reality and ensure that I surround myself with the right people, who understand the times in which we live. In this line of work, my team is crucial. I’m the one who decides, but I like having lots of other people with whom I can discuss ideas, as this helps with the creative process. In the world of fashion, five years is already a hundred, so going forward, the challenge will be to capture the attention of a public that is increasingly stimulated by countless offers and new forms of communication.”

Lee Shau Kee: “There’s a Chinese saying: “Explore what’s best in the others and follow.” Among my friends, I always learn the best from them.”

Jacqueline Novogratz: “In our connected era, word spreads. People know when you are being true to your values. Don’t worry about reputation but about character. You build character by practicing empathy, practicing moral courage, practicing determination. Those traits are like muscles. When you are known for that, you don’t have to worry about guarding your reputation — others will do it for you.”

What’s the common thread here? Common sense.

Patricia Cohen reports on the historical trend toward income inequality this week@work, ‘Why the Pain Persists Even as Incomes Rise’. “The disconnect between positive statistics and people’s day-to-day lives is one of the great economic and social puzzles of recent years.

“…the forces undermining the middle class may reach back farther than many economists have thought. The latest evidence comes from a group of researchers at universities and the Social Security Administration who have been tracking the earnings of hundreds of millions of individuals over their careers.”

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In the late 1960s “instead of increasing, lifetime earnings for men made an about-face and began to decline. They have been dropping pretty much ever since. The result was that a 25-year-old man who entered the work force in 1967 and worked for the next three decades earned as much as $250,000 more, after taking inflation into account, than a man who had the same type of career but was 15 years younger…since the 1950s, three-quarters of working Americans have seen no change in lifetime income.”

Negotiating issues of gender and race form another aspect of inequality@work.

The ongoing argument around gender discrimination in Silicon Valley continued with the publication of Ellen Pao‘s book ‘Reset’ and Nellie Bowles‘ article ‘As Inequality Roils Tech World, A Group Wants More Say: Men”.

 

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Jessi Hempel examined Ms. Pao’s career exploring ‘The Pao Effect is What Happens After Lean In’. “Pao’s story is, in part, her own attempt to discern just where reality diverged from her expectations. With clear-eyed hindsight, Pao reflects on her earliest career choices—where to apply to college and whether to go to law school, where to work and when to leave a job. She pauses to examine the things her college counselor told her, and the early sexism she encountered at Harvard Business School. “Honestly, I just thought there were a few men who were really immature, with lousy senses of humor, and I avoided them,” she writes of that time.”

Ellen Pao’s story is a cautionary tale for the intrepid women who ‘lean in’ to a career in tech.

Nellie Bowles’ ‘must read’ provides an up-to-the-minute update on the tech workplace. “a fringe element of men who say women are ruining the tech world…While many in the tech industry had previously dismissed the fringe men’s rights arguments, some investors, executives and engineers are now listening. Though studies and surveys show there is no denying the travails women face in the male-dominated industry, some said that the line for what counted as harassment had become too easy to cross and that the push for gender parity was too extreme a goal.”

The week@work ended with a demonstration of workplace activism reported by Nancy Armour, ‘In protests, NFL comes together for one of its most powerful days’.

170924164325-23-nfl-kneeling-0924-exlarge-169.jpg“The NFL had one of its finest moments before the games even began Sunday, coming together from every corner – players, coaches, owners and league office – in forceful rebuke of the latest torrent of hate from President Donald Trump. Whether black, white or brown, on bended knee or with locked arms, the NFL’s rare show of unity was both a dignified condemnation of the wrongs we still must right and a reminder that, for all of our differences, America remains our common ground.”

Where in the group of Fortune100 greatest business minds do we find the answer to the ongoing challenge of inequality@work?

John Paul Dejoria, founder of John Paul Mitchell Systems and co-founder of Patron Tequila shared his philosophy. “It’s a basic thing that goes back to the law to do unto others as you would have others do unto you. Treat and pay your staff exactly the way you’d want to be treated if you were in their place…In all the businesses we’re involved in it’s the exact same way. If you love your people and let them know you’re giving back, not just hoarding all the money for yourself, they want to join in.”

 

Photo credit: Staten Island homes – Tom Maguire/Newsday July 7,1965, Green Bay Packers/Dylan Buell/CNN September 24, 2017

 

 

 

 

 

The week@work – Davos, transition, transferable skills and a ‘profundo’ life

 

The headline of the week@work did not originate in Washington D.C., but in Davos, Switzerland: ‘Davos Elite Fret About Inequality Over Vintage Wine and Canapés’. “…globalization has reduced the bargaining power of workers, and corporations have taken advantage of it.”

In other news – January is often a month of transition, not just in government, but across all fields. Articles this week@work explored the value of being fired and finding the right ‘fit’ next time. Physicists are the new software engineers in Silicon Valley and PhDs just may be the newest entrepreneurs.

Finally, this week@work we remember Kevin Starr, who went to work every day as a historian chronicling the past of his home state, California. “I’ve always tried to write California history as American history.”

4096.jpgPeter S. Goodman covered the annual meeting of the World Economic Forum for The New York Times.

“What is striking is what generally is not discussed: bolstering the power of workers to bargain for better wages and redistributing wealth from the top to the bottom.

“That agenda is anathema to a lot of Davos men and women,” said Joseph E. Stiglitz, a Nobel laureate economist and author of numerous books on globalization and economic inequality. “More rights to bargain for workers, that’s the part where Davos man is going to get stuck. The stark reality is that globalization has reduced the bargaining power of workers, and corporations have taken advantage of it. ”

That perhaps private equity overseers should not be paid 1,000 times as much as teachers while availing themselves of tax breaks is thinking that gets little airing here.”

1e97282770fb153b749b691b25832c03.jpgFor those of us not networking with the super elite in the Swiss Alps, Julie Ma compiled a sampling of quotes from ’25 Famous Women on How Getting Fired Makes You Stronger’.

“If you don’t get fired at least once, you’re not trying hard enough. This isn’t quite true yet, but it is becoming truer. As the pace of change in business increases, the chances of having a placid career are receding. And if in this period of rapid change, you’re not making some notable mistakes along the way, you’re certainly not taking enough business and career chances.” Sallie Krawcheck, chair Ellevate

“Is it hard to say I was fired? No. I’ve said it about 20 times, and it’s not. I was in fact insistent that that be publicly clear because I was not ashamed of that. And I don’t think young women — it’s hard, I know — they should not feel stigmatized if they are fired. Especially in this economy people are fired right and left for arbitrary reasons, and there are sometimes forces beyond your control.”
Jill Abramson, author and faculty @Harvard

IMG_8148.jpgMost folks leave their life @work because of the ‘human factor’: colleagues, leadership and values. Sharon Daniels offered advice to those starting the job search.

“If you have passion and enthusiasm, you’re on your way. People want to be around people who have passion and enthusiasm, because we all gravitate toward something greater than ourselves. If you do something wholeheartedly versus halfheartedly, it’s going to have a completely different effect.”

Cade Metz reported on how transferable skills are changing the profile of some tech workers, ‘Move Over, Coders—Physicists Will Soon Rule Silicon Valley’.

“If physics and software engineering were subatomic particles, Silicon Valley has turned into the place where the fields collide…It’s not on purpose, exactly. “We didn’t go into the physics kindergarten and steal a basket of children,” says Stripe president and co-founder John Collison. “It just happened.” And it’s happening across Silicon Valley. Because structurally and technologically, the things that just about every internet company needs to do are more and more suited to the skill set of a physicist.”

Ainsley O’Connell described another experiment in skill transference, ‘Can Entrepreneurship Revive The Troubled PhD?’

“PhD students once dreamed of lifelong tenure, generous sabbaticals, and a closet full of jackets with elbow patches. Academic life, with its dusty-booked charm, ruled the day. No longer. Even in STEM fields, roughly 40% of PhDs are graduating without employment commitments. Could the solution be teaching postdocs to create their own jobs, as entrepreneurs?

In the heart of Manhattan, in a set of conference rooms on loan from Google, one radical experiment in postdoc entrepreneurship is now entering its fourth year. Called “Runway” and managed by Cornell Tech’s Jacobs Technion-Cornell Institute, the program bills itself as “part business school, part research institution, part startup incubator.” Since its founding, Runway postdocs have founded 13 companies, from an intelligent baby monitor to an urban planning analytics platform, and collectively raised $15 million in funding.”

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Finally, this week@work, we remember Kevin Starr, former California State Librarian, professor and author of an eight-volume history of his home state ‘Americans and the California Dream’.

Colleague William Deverell remembered the historian and author as ‘A Golden State Champion’.

“I knew Kevin Starr only as profundo. He was big, his voice was big, his persona was big, his books are big, his ideas are big, his influence is big. Some, and only some, of this has now been silenced by his death Saturday. Kevin’s outsize impact and his sheer significance to both our regional and our national culture, will continue long hence. Death has robbed us of the most important guide we have ever had to our state’s history and culture, our ingenious interpreter of the elusive and many meanings of the California Dream over several centuries.”

 

 

 

 

The week@work or on vacation-what leadership looks like, what leadership reads & ‘wasting time’ on the Internet

This week@work, desks and cubicles are vacant as colleagues are catching a few last days of escape away from work. Among those still @work: a journalist shared a relic of presidential transition to remind us what leadership looks like, the White House tweeted the President’s vacation reading choices, Olympians continue to compete in Rio, and we may not be wasting time on the internet.

There’s been a copy of a letter circulating recently on the Internet. It arrived in my Twitter account this week via journalist Joyce Karam. It’s a handwritten note written on Inauguration Day, 1993 by departing President George H.W. Bush to his successor, President Bill Clinton.

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Imagine arriving at your new job on Monday morning and finding a handwritten note from your predecessor, wishing you great happiness @work. “Your success is now our success”.

What if you wrote a letter to the person taking over your desk on Monday morning? Could you convey a “sense of wonder and respect” for your workplace and your work?

Think about it. This is what leadership looks like.

While we are on the topic of U.S. Presidents, current President Obama is on vacation with family, friends and five ‘summer reads’ including Oprah’s recent Book Club selection and one of Bill Gates’ favorites.

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(A quick aside here on the Olympics. The photo at the top of the page captures the vacant volleyball nets this morning in Manhattan Beach, California. It’s the place where two U.S. Olympians, Kerry Walsh Jennings and April Ross went to work to get ready for Rio.)

Back to work, and reading, and surfing the Internet.

Kenneth Goldsmith, artist, professor and first poet laureate of the Museum of Modern Art, urged LA Times readers to ‘Go ahead: Waste time on the Internet’ with his OpEd this weekend.

“The notion that the Internet is bad for you seems premised on the idea that the Internet is one thing — a monolith. In reality it’s a befuddling mix of the stupid and the sublime, a shattered, contradictory, and fragmented medium. Internet detractors seem to miss this simple fact, which is why so many of their criticisms disintegrate under observation.”

He recently discussed his University of Pennsylvania course and new book ‘Wasting Time on the Internet’ with Quentin Hardy of The New York Times. Drawing on his personal observations of students and family, he imagined what an educated person will look like in the 21st century.

We still read great books, and there is a place for great universities. But an educated person in the future will be a curious person who collects better artifacts. The ability to call up and use facts is the new education. How to tap them, how to use them.

I’ve got a 10-year-old and 17-year-old. They’re thinking differently from me. They stay connected all the time, and they’re smart, they play baseball, they read, they spend time online. They’re not robots. Basic human qualities haven’t changed. I can find Plato in online life. When I read Samuel Pepys’s diary I see Facebook posts. We just find new ways to express things.

Go ahead, take a break this week@work. Stream the last week of the Olympics, read a great book, and follow the tangents of Internet exploration.

The week@work – a historic moment in Philadelphia, a ‘profile in courage’, the culture @Fox & @Bridgewater Associates & an adventure ends

It was a week of firsts: a solar powered aircraft completed the first circumnavigation of the globe and the Democratic National Convention nominated the first woman as a candidate of a major party for U.S. president. The corporate culture of Fox News and hedge fund, Bridgewater Associates continued to be scrutinized. And one man, took the stage in Philadelphia for seven minutes, proving we can all make a difference.

On Thursday evening Hillary Clinton, former U.S. Senator from New York and former Secretary of State, accepted the nomination of the Democratic Party as their candidate for President of the United States.

“And so, my friends, it is with humility, determination, and boundless confidence in America’s promise that I accept your nomination for president of the United States.”

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For 50.8% of the American people, a career milestone was achieved; ninety-six years after the ratification of the 19th amendment granting the right of suffrage to women.

University of New Hampshire professor of history and author, Ellen Fitzpatrick reflected on the moment and it’s ironies. When a woman finally checks all the ‘pay your dues’ boxes, in any career field, doubts about their motivation and abilities linger.

“One of the most powerful ironies in a political season full of perversities is a paradox that now defines Hillary Clinton’s campaign: The first female presidential candidate to overcome the obstacles that sank every single woman before her now confronts criticism for overcoming those very same difficulties.

Time and again, Americans have deemed men worthy of the White House if they could succeed on the national political stage, raise sufficient money, rally the support of party leaders, appeal to voters and point to domestic and foreign policy experience. That these assets are suddenly negatives, at the very moment that a woman finally achieved them, is curious, to say the least.”

Curious, but not surprising.

On Saturday The Los Angeles Times responded to readers who took exception to coverage of the historic moment with a front page photo of former President Bill Clinton.

“Like other newspapers, The Times illustrated its main story Wednesday on Hillary Clinton’s historic nomination for president with a photo — of her husband.

Of course, Bill Clinton is no ordinary spouse of a candidate (and neither was Hillary Clinton when her husband was president). Still, many readers detected a whiff of sexism in The Times’ decision to feature a large photo of the former president basking the adulation of the Democratic National Convention crowd when it was the former secretary of State who received her party’s nomination for president.”

Like other newspapers? Apparently imitation is the new competitive advantage.

Three reader comments were included; my favorite from Janet Kinosian of Santa Ana – “I’m sure the Suffragettes would not have been surprised, though I am.”

One of the most memorable moments of the convention in Philadelphia occurred when the parents of Capt. Humayun Khan, who was killed in Iraq four months after arriving in 2004, stepped to the podium.

Annabelle Timsit chronicled ‘Seven Minutes That Shook the Convention’ for Politico Magazine.

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“He walked onto the convention stage Thursday night with his wife beside him, the Constitution to guide him and the pride of a father who knows he has a story to tell.

“Tonight,” said Khizr M. Khan, “we are honored to stand here as the parents of Capt. Humayun Khan, and as patriotic American Muslims with undivided loyalty to our country.”

That was the beginning of a 7-minute speech that became an instant sensation—eloquent, emotional and notably original, coming as it did at the end of four days of highly processed political cliche. Khan, a 66-year-old immigration lawyer from Charlottesville, told the story of his son’s death in combat in Iraq, but he turned that elegy into a viral rebuke of Donald Trump: “You have sacrificed nothing!”

In 1957, before his presidential candidacy, President John F. Kennedy wrote the Pulitzer Prize winning book, ‘Profiles in Courage’.

“In the preface to ‘Profiles in Courage’, Senator Kennedy discusses the “problems of political courage in the face of constituent pressures, and the light shed on those problems by the lives of past statesmen.’’ He describes the three types of pressure faced by senators as pressure to be liked, pressure to be re-elected, and pressure of the constituency and interest groups…the book is about his admiration of the courage shown by elected leaders in the face of adverse factions like their electorates, popular opinion and political action committees that pull these elected men in different directions.”

Khizr M. Khan is not an elected official, but he is a citizen. And on Thursday evening his remarks filled a leadership void, demonstrating courage “in the face of adverse factions and popular opinion” – a contemporary ‘profile in courage’.

Each week The New York Times publishes the ‘Traffic Report’, a list of the most-read business articles on nytimes.com for the previous week. Three of the top four stories this week centered on corporate cultures that enabled sexual harassment of employees at Fox News and Bridgewater Associates.

Jim Rutenberg, Emily Steel and John Koblin covered the number one story, ‘At Fox News, Kisses, Innuendo, Propositions and Fears of Reprisal’.

“The investigation by Fox News’s parent company, 21st Century Fox, focused narrowly on Mr. Ailes. But in interviews with The New York Times, current and former employees described instances of harassment and intimidation that went beyond Mr. Ailes and suggested a broader problem in the workplace.

The Times spoke with about a dozen women who said they had experienced some form of sexual harassment or intimidation at Fox News or the Fox Business Network, and half a dozen more who said they had witnessed it. Two of them cited Mr. Ailes and the rest cited other supervisors. With the exception of Ms. Bakhtiar, they all spoke on the condition of anonymity, citing embarrassment and fear of retribution. Most continue to work in television and worry that speaking out could damage their careers.

They told of strikingly similar experiences at Fox News. Several said that inappropriate comments about a woman’s appearance and sex life were frequent. Managers tried to set up their employees on dates with superiors.”

And while a spokesperson for the parent company 21st Century Fox detailed the corporate sexual harassment policy and reporting procedures, Michael Grynbaum and Emily Steel noted ‘A Stony Silence at Fox News After Ailes’s Departure’.

“The Fox News skybox here turns into a hive of activity as the network’s star anchors analyze the Democratic National Convention for millions of viewers.

When the cameras blink off, however, the banter has been replaced by something rarely heard in the television news business: silence.

Megyn Kelly and her co-hosts, including Bret Baier and Brit Hume, have not been speaking during commercial breaks, according to two people with direct knowledge of the anchors’ interactions, who described the on-set atmosphere at Fox News as icy. During ads, the hosts are often absorbed with their smartphones.

…employees say there is a continuing split inside the network, with one camp of old-guard Fox News loyalists — some of whom owe their careers to Mr. Ailes — upset at his ouster. Some are resentful toward Ms. Kelly for cooperating with lawyers brought in by the network’s parent company, 21st Century Fox, to investigate Mr. Ailes’s behavior.” 

Alexandra Stevenson and Matthew Goldstein reported on the culture at the hedge fund, Bridgewater Associates – ‘At World’s Largest Hedge Fund, Sex, Fear and Video Surveillance’.

“Hedge funds tend to be a highly secretive bunch, yet even within their universe Bridgewater stands out. The allegations, as well as interviews with seven former employees or people who have done work for the firm and a filing by the National Labor Relations Board, open a window into the inner workings of a $154 billion company that, despite its mammoth size, remains obscure. The firm is governed by “Principles” — more than 200 of them — set out in a little white book of Mr. Dalio’s musings on life and business that some on Wall Street have likened to a religious text.

In his complaint, Christopher Tarui, a 34-year-old adviser to large institutional investors in Bridgewater, contends that his male supervisor sexually harassed him for about a year by propositioning him for sex and talking about sex during work trips.”

Sexual Harassment remains a significant workplace issue. The popularity of articles covering high profile incidents reflect the reality of workers looking for guidance beyond mandatory training sessions, trying to navigate the workplace to achieve success based on merit.

For the last story, a question, what is the definition of adventure? The pilots of the Solar Impulse 2 told CNBC “that having both elating moments and setbacks made the solar-powered flight the “definition of adventure.”

Samantha Masunaga reported for The Los Angeles Times on the journey’s end of Solar Impule 2. On Monday, pilots Bertrand Piccard and Andre Borschberg guided their craft into the airport where their experimental flight began.

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“After 16 months and a 17-leg journey, a solar-powered plane finally completed its around-the-world flight attempt Monday evening when it touched down in Abu Dhabi, United Arab Emirates.

The plane, called Solar Impulse 2, landed at Al Bateen Executive Airport a few minutes after 5 p.m. Pacific time, marking the first around-the-world solar flight.

Inside the plane, pilot Bertrand Piccard shouted, “We made it.”

In a week@work of firsts, I echo the sentiment. We made it.

 

Photo Credit – Solar Impulse 2: Jean Revillard / REZO/Solar Impulse

The Friday Poem ‘To the Indifferent Women’ by Charlotte Anna Perkins Gilman

Last night a woman accepted the nomination of a major political party for the first time in the history of the United States. The next president will preside over the commemoration of the centennial of the 19th amendment, which extended suffrage – the right to vote, to women.

To mark history, the Friday Poem this week is ‘To the Indifferent Women’ and was first published in 1911. Charlotte Anna Perkins Gilman called herself a humanist. She was a poet, author, magazine editor and feminist in a lifetime that began with the civil war and ended in the great depression.

Although the words were set to paper over a century ago, the message resonates today.

“We all may have our homes in joy and peace
When woman’s life, in its rich power of love
Is joined with man’s to care for all the world.”

To The Indifferent Women

A Sestina

You who are happy in a thousand homes,
Or overworked therein, to a dumb peace;
Whose souls are wholly centered in the life
Of that small group you personally love;
Who told you that you need not know or care
About the sin and sorrow of the world?

Do you believe the sorrow of the world
Does not concern you in your little homes? —
That you are licensed to avoid the care
And toil for human progress, human peace,
And the enlargement of our power of love
Until it covers every field of life?

The one first duty of all human life
Is to promote the progress of the world
In righteousness, in wisdom, truth and love;
And you ignore it, hidden in your homes,
Content to keep them in uncertain peace,
Content to leave all else without your care.

Yet you are mothers! And a mother’s care
Is the first step toward friendly human life.
Life where all nations in untroubled peace
Unite to raise the standard of the world
And make the happiness we seek in homes
Spread everywhere in strong and fruitful love.

You are content to keep that mighty love
In its first steps forever; the crude care
Of animals for mate and young and homes,
Instead of pouring it abroad in life,
Its mighty current feeding all the world
Till every human child can grow in peace.

You cannot keep your small domestic peace
Your little pool of undeveloped love,
While the neglected, starved, unmothered world
Struggles and fights for lack of mother’s care,
And its tempestuous, bitter, broken life
Beats in upon you in your selfish homes.

We all may have our homes in joy and peace
When woman’s life, in its rich power of love
Is joined with man’s to care for all the world.

Charlotte Anna Perkins Gilman  ‘Suffrage Songs and Voices’ 1911

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Convention photo credit: Marcus Yam for The Los Angeles Times