All posts by Deirdre Straughan

Fuck-you money

In 2004, I attended a talk by Margaret Heffernan at a business women’s club in Milan. She was launching her then new book, The Naked Truth, and one of the key lessons she shared was that we all should be striving to earn “walk-away money” – the amount of money you’d need to safely walk away from any job or situation, while still being able to support yourself for as long as needed. 

“Walk-away money” is the polite phrase; it’s also called “fuck-you money.” 

Another term for it is freedom.

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Doing it tough: California lockdown 2020

Translation for my non-Aussie readers: “Doing it tough” is an Australian expression that roughly means “to do something that is hard” (sometimes willingly, sometimes not), as in: “Melbourne has been doing it tough with lockdowns.”

The Gregg-Straughan household also knows a thing or two about doing hard lockdown: we did it for eight months last year. We as a family started sheltering in place before it was in any way required where we lived (the California Bay Area), because I have pre-existing conditions that probably make me more likely both to catch and to die from the COVID. I still have close ties to Italy, so I was aware early on how dangerous this virus was.

https://twitter.com/DeirdreS/status/1239374530256056320?s=20

So was my daughter – she was lobbying her university in New York to switch to online learning weeks before they finally decided to. Later, when things got truly horrific in New York, the dean apologized to her for not having taken her concerns seriously earlier!

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Remote work: In any multinational, someone is always remote

There is and always has been an element of remote work in every multinational corporation (even small ones). When a company is globally distributed, its employees are rarely or never all in the same place at the same time.

People learn to deal with this. It means strange hours sometimes, and in the past meant  travel (though that is now difficult). Remote collaboration can always be done better, and we all have more to learn and invent about this way of working, but many businesses have for decades been working effectively with far-flung colleagues (some of my Sun Microsystems colleagues spoke about managing globally distributed teams at GHC 2009). Somehow, teams do manage to thrive and innovate across international borders. 

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Remote work: The real estate factor

As part of my regular commute, I used to drive past the Nvidia HQ building while it was still under construction. No one flying in or out of San Jose airport could miss Apple’s giant donut, completed around the same time. Facebook bought the (already large) Sun Microsystems campus ten years ago, and added the world’s largest open plan office as part of a suite of new buildings across the road. Last I heard, Google was still going ahead with plans to build a big new campus in “downtown” San Jose, and Amazon continued constructing new buildings in Seattle even as it was one of the first companies to tell its staff to work from home last year.

How does all this affect remote work? My suspicion is that, the more a company is invested (both financially and otherwise) in big, gaudy real estate, the less likely it is to support remote work for its employees. It’s hard to justify billions spent buying prime land in some of the world’s most expensive locations, and more billions spent building gigantic monuments to executive hubris upon that land, if you’re now allowing all that to stand empty. 

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Remote work (or lack of it) is a diversity issue

As the primary caregivers of their children, homes, and often their aging parents as well, women benefit greatly from the flexibility that remote work can offer – simply not having to commute every day can be a major timesaver. “Hybrid” working models, where employees are expected to be in an office one to three days a week instead of five, can facilitate this. But that model assumes that you’re still able to live within commuting distance of your office, which is not always the case.

In a heterosexual couple, even if both spouses work, it is typically the woman who bends her career to that of her husband, staying with or following him to where his work is, even if that limits her own job options. This often makes economic sense because he is also the higher earner in the family. But it’s a classic Catch-22: As long as the family is prioritizing his career, she’s not likely to become the higher earner. (It may not help if she does: there was a point in my first marriage when I was earning three times my husband’s salary, but he still refused to move to Silicon Valley so that I could pursue my career. And studies show that, when women earn more than their male partners, domestic strife, violence, and divorce become more prevalent.)

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