No more working at home for Hewlett-Packard employees

No more working at home for Hewlett-Packard employees

Interview with Nancy Koehn

Marketplace for Wednesday, October 9, 2013

Will Yahoo inspire your boss to ban telecommuting? In the early days of the digital revolution, the idea that anyone could workanywhere was enough to entice workers everywhere to request telecommuting options. But when Yahoo CEO Marissa Mayer announced a ban on working from home in February, it ruffled feathers in the corporate world. Critics slammed the decision saying it was inflexible, hurting long commuters and working mothers, among others. Now Hewlett-Packard CEO Meg Whitman is following in a similar fashion. Although she hasn’t put into place a outright ban, she announced that she wants everyone to work at the office saying, “During this critical turnaround period, HP needs all hands on deck.” Nancy Koehn, who teaches at the Harvard Business School, says there’s a strong case for the flexibility to be able to work from home.“But that doesn’t necessarily translate into across the board, stamp of approval on telecommuting, at every moment, in every industry, for every company,” she says.

Supporters of the ban on telecommuting would be happy to know that since Mayer’s annoucement, Yahoo’s stock has shot up. Koehn says that although it’s hard to demonstrate an exact correlation, there are some positive changes at Yahoo that are hard to ignore.

“Not all work is meant to be done alone,” she says. “A lot of work — the best work, often — is done with others in serious pursuit, and often in a place where everyone meets to do it.”

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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