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    What Grandaddy Taught Me About Information Flow

    My grandfather never used computers, and he died when “wiki” was still just a word in Hawaiian. But in a single comment he taught me all about Enterprise 2.0.

    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.Lamson Pneumatic Tubes.jpg

    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.

    Thumbnail image for Edward-Hopper-Office-in-a-Small-City.preview.jpgMany of us today sit in the digital equivalent of Grandaddy’s shiny, new, and very private office. We have powerful computers with big shiny screens and powerful tools for managing documents and sending messages. We have BlackBerries and iPhones. And in one respect, we’re more connected than ever before.

    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)

      13 Replies to “What Grandaddy Taught Me About Information Flow”

    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.

    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.

    Awesome Michael.

    Thanks for sharing this. It really resonates.

    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.

    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.

    Great story Michael, thanks for sharing it.

    I just stumbled across your post and was so intrigued. I too went to visit that same office when I was a little girl with my dad, Stanley. I remember those rows of desks and going up and down shaking everyone’s hands. What a small world. My dad will get a kick out of your post. Thanks.

    Mr. Phil Plesofsky signed my 1st paycheck. I was still in college when I took a summer job at 120 S. LaSalle Street. It was a wonderful time to be working for Freehling.

    Phil Plesofsky was always dressed to the 10′s and was always a gentleman to me. I will never forget him.

    Maggie and Michele, your comments please me more than I can say. Thank you for writing.

    How I wish your grandfather could have read your blog and the wonderful responses to it. I think of Freehling & Co. every time I send and receive one of those vacuum tubes at the drive-up window at my bank.

    Freehling eventually merged with Cowen & Co., Cowen then was acquired by Societe General… all signs of the times and of our ever more global economy. It’s touching to know that my father, your grandfather Phil Plesofsky, lives on in Maggie and Michele’s memories.

    Michael, what a wonderful rememberance about Uncle Pinkie. Those were memorable days in the lives of all our parents and we certainly learned from them how to relate to each other and to others. In spite of all the technology today and lack of personal relationships, we hope that maybe some day,what was learned from that generation, will return and rub off on us again. Thanks for letting us view Uncle Pinkie through your eyes.

    Your grandfather was my uncle, and although we did not live in Chicago, he was our stock broker. His advice was always sound, and I knew he was looking after our interests and not the commissions he received. I miss him! Warm regards to you and your family, Ina

    I remember that office even before the pneumatic tubes.
    After high school graduation,1959, I worked at Freehling over the summer running the orders to the order desk from the brokers. Uncle Phil, Stan Warsaw, Bill Goodman etc. would hold the order sheet and either me or Claud, a permanent employee, would rush to the broker and get the order to Sol at the desk. The next year came the pneumatic tubes. The job was great fun and a great learning experience. All possible because of Uncle Phil.What a great man.

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