Ellen Pao V. Kleiner Perkins Wrap-Up
blogs.law.harvard.edu
blogs.law.harvard.edu
Edit: It seems like this thread is already sliding down the rankings against its popularity. Is this due to people flagging it or has a mod/admin set it to fall faster manually?
Which is coincidentally the amount to the dollar that her husband is being sued for (and expected to lose) over his Ponzi scheme that bankrupted three Louisiana pension schemes.
Point 1: "Efficient markets will eliminate discrimination." If this were true, we wouldn't have had slavery and segregation in the U.S. up until just 50 years ago. I have no doubt that if Congress hadn't stretched the boundaries of the Constitution with Civil Rights laws, the south would still be segregated today.
Point 2: "Journalists write about the case just because they want to talk about discrimination." Journalists write about the case because of the unrefuted examples of "bad conduct" presented by Pao. I'd never say "we shouldn't invite women because they kill the buzz" even in front of all male coworkers, because it would cost me reputationally. Having a culture where saying things like that isn't costly might not quite cross the line from "immoral" to "illegal" but that doesn't make it okay. The key failing of this article is the author's failure to recognize the distinction between conduct that's wrong and conduct that's illegal. For obvious reasons, we set the line of legality well beyond the point at which conduct becomes wrong.
Point 3: Pao and her husband are involved in lots of lawsuits. I can't even begin to understand where the author is going with this. In half those examples, Pao's husband is the defendant.
Point 4: "Obtaining child-support is 'cash profit.'" This is literally one of the most ridiculous comments I've read on the internet. My wife and I pay $35,000 per year just for 60 hours of childcare per week. 24/7 nannies run six figures. That's the market value of the service of taking care of a kid. If my wife and I got divorced, she'd get about $13,000 a year in child support, even though I make a lot of money. That's not a profit, it's a huge loss. Heck, she'd sue me to keep from having to take full custody.
So when critiquing the valley, they look for the gatekeepers, which is why they think - "aha! there must be no female founders because VCs aren't letting them in!"
This baffles SV insiders, who can better understand the relative importance of a VC's opinion. Being rejected? Why that happened to Google 63 times! Unfortunately, this is the point where they conclude that gender bias is a nonsense problem invented by poorly informed arts graduates.
The same thing is happening when journalists complain tech firms don't hire enough women. It would be a very serious problem for women in journalism if their employers were institutionally sexist institution (which I'm sure it is not, of course) but for women in tech, less so. We have far greater "exit rights", due to the liquidity of the market and the relative ease of starting our own companies.
This isn't to say gender bias doesn't exist, or that it isn't a problem, merely that it manifests itself in wildly different ways than a journalist may expect.
I understand being skeptical of the idea that managers in private companies might make irrational decisions that jeopardize their long term profits, but it does happen.
That would be a more convincing argument for me if there was any evidence that KP would have spent that $10+ million to fully fund 100 women to get engineering bachelor’s degrees.
The media,especially liberal media, wanted to build a narrative ,that didnt reflect the reality, so badly. I'm glad they failed. Which proves that they can be as biased and unbalanced as the other side they like to pick on and make fun of. It's now all about ideology no matter the cost or the facts.
Greenspun's recent work studying divorce law is more likely to bear fruit, but he risks some nasty inferences when it's juxtaposed with posts like TFA.
For readers it comes down to finding a set of news sources and through all of them distill it down to some semblance of the truth. Perhaps robo story writers will supplant people for hard news simply because they should be more objective