Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.
Belonging to a union can bring higher wages, fringe benefits, greater job security and, sometimes, training. But unions—still known as "brotherhoods"—often remain rigidly segregated by gender, despite the fact that sexual harassment and discrimination in employment are illegal. Live Wire is an in-depth case study of Local 3 of the International Brotherhood of Electrical Workers, arguably the most powerful and influential building trades local in the United States. Francine Moccio brings to life forty years of public policy failure that has resulted in restricted opportunities for women in skilled blue-collar jobs.
Live Wire is a unique foray into the gender dynamics of one trade and one union in historical depth, based on extensive primary, secondary, and archival research. It contributes much-needed research about sex segregation in blue-collar occupations, particularly in unions and fraternal organizations. And it provides important insights into complex interactions of work, union, and family life.
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