Wednesday, December 11, 2013
Time: When Stay-at-Home Husbands Are Embarrassing to Their Wives, by Vivia Chen:
There was big news flash splashed across the front page of Sunday’s New York Times: superachieving moms on Wall Street have househusbands! The article pointed to a tenfold increase (since 1980) in the number of women in finance with stay-at-home spouses, allowing them to achieve success without the distractions of domesticity and child rearing. ...
I’ve been covering the elite echelons of big law firms for over 10 years, and I can tell you that many of the women who make it to the top of the heap often have a man at home who’s shepherding the kids around town, planning the meals, and otherwise keeping the hearth fired up. Indeed, you can go to any number of big firms in New York City where there’s a modicum of female partners (the national average for female equity partners has barely surpassed 16%), and the buzz among the associates is that those women in power are either unattached or married to men who stay at home. “They seem to belong to some sort of househusband club,” said one associate about the female partners with kids at Davis Polk & Wardwell. They just didn’t like to talk about it.