Grandaddy (known to the rest of the world as Phil Plesofsky) was a mild-mannered, old-school stock broker with a boutique brokerage firm in Chicago. He wore pin-stripe suits so conservative that once he accidentally bought the same suit twice. His television idol was Fish, Abe Vigoda's character on Barney Miller. When the office eventually installed computer terminals on all the brokers' desks, Grandaddy tolerated his grudgingly, as if it were an uninvited relative who refused to leave but couldn't be thrown out.

The firm, Freehling & Company, occupied one floor of a pre-war high-rise in the Loop. It was laid out as a single, open room with two long rows of desks where the brokers sat. A big board at the front of the room rolled stock prices as a tickertape noisily clacked out updates from the business news wire. Brokers submitted trades by sealing slips of paper in plastic cannisters, which were sucked through pneumatic tubes to the main office. (Photo courtesy of http://www.flickr.com/photos/molly/3077775845/).
One of the rituals of my childhood was visiting the Freehling office. Grandaddy would walk my brother and me down the brokerage floor, stopping at each desk to meet Irv, Norm, Jake, Stanley, and the other brokers (all men). They shook our hands, praised our grandfather, and told us how much we had grown since the last visit.
In the mid-80s, Freehling was acquired by a New York investment bank, who moved the offices to a brand new granite-and-steel high-rise on Lasalle. There was modern furniture and original art on the walls.
For the first time, the senior brokers had private offices.
When I visited the new office--a teenager by this time--I was impressed by the new offices. I complemented my grandfather on the big step up.
"To tell you the truth, I hate it," he replied.
"Why?" I asked in disbelief.
"In the old place, when a broker got a tip about an upcoming earnings announcement or a CEO departure, we all knew about it instantly. You could actually watch the information roll across the floor like a wave, going from one desk to the next, to the next until everyone in the office was talking about it. Now we sit in our private offices, we close our doors, and nobody has the slightest idea what's going on."
That remains the best description of Enterprise 1.0 I have ever heard--which is why I still remember the comment over 20 years later.
But there's something missing. It's all private. Sure we can email each other. Occasionally we even take the bold step of picking up a phone. But there's no ambient awareness. There's no serendipitous discovery of what a colleague is doing. There's no wave of information that rolls instantly down the shop floor.
Enterprise 2.0 is all about leaving the private office and returning to that big, open space with the wave of information rolling from one desk to the next to the next)


June 26, 2009 11:16 AM
Michael,
Very well said. A story like this makes me step back and think about how often we humans have to build solutions (such as wikis, blogs, and micro-messaging/awareness tools) to problems (such as building offices into segmented fiefdoms) that we've created.
June 26, 2009 3:20 PM
Great post! And nicely put Stewart.
Web 2.0 & Enterprise 2.0 tools basically are solving the problem of humans no longer being in physical proximity with family, friends and co-workers. Except 2.0 tools don't solve the problem fully, because humans are social creatures - we thrive on real human interaction.
The real solution is to remember that we're human and that it is important to really work with and be with each other. 2.0 tools are just the backup plan for when that can't happen. Let's not fully lose ourselves to the backup plan.
June 29, 2009 2:10 PM
Awesome Michael.
Thanks for sharing this. It really resonates.
June 29, 2009 6:09 PM
My grandfather watched the market closely but was never a broker himself. He convinced my dad, though (his son-in-law) to become a broker and to always, always, pay closer attention to what you're learning from your clients than what you'll ever learn from the market. I never thought about how that message rolled down to me until I read this piece. Thank you very very much.
June 29, 2009 7:26 PM
Thanks Michael. Beyond being valuable in and of itself, this post is also a great reminder of the power of storytelling to convey complex ideas and concepts in a digestible way.
July 1, 2009 1:58 PM
Great story Michael, thanks for sharing it.