Marissa Mayer's brief maternity leave: Progress or workaholism?

Could the Yahoo CEO be setting unrealistic expectations for young women hoping to follow in her footsteps?

This article was originally published by Fortune.com on Tuesday, Oct. 2, 2012.

By Katherine Reynolds Lewis, contributor

FORTUNE -- Yahoo CEO Marissa Mayer will likely have the most scrutinized maternity leave and new motherhood in modern corporate history, which began on Sunday night with the birth of a healthy baby boy.

Mayer courted controversy by deciding to take just a week or two of leave and work from home throughout that time.

On one hand, it's a remarkable sign of gender progress that a new mother is now at the helm of a major corporation -- not to mention reassuring to Yahoo (YHOO) shareholders that the CEO's top priority is turning around the struggling Internet giant.

On the other hand, her decision seems emblematic of a workaholic culture that leaves too little time for family or even personal health, preventing either men or women from "having it all."

Could Mayer be setting unrealistic expectations for young women hoping to follow in her footsteps?

Maybe she's an outlier -- or making a mistake -- and shouldn't be held up as an example that mere mortals should emulate.

"She conveys the image of someone who's perfectly capable of combining her personal life and her public responsibilities without one derailing the other. That's a message we should applaud," says Kathleen Gerson, professor at New York University and author of The Unfinished Revolution: Coming of Age in a New Era of Gender, Work and Family. "It also suggests that somehow it's illegitimate for women -- and by implication for men as well -- to take some time off at critical moments in their own lives and the lives of their children. To that extent, it's a backward-looking message."

It's difficult to judge whether Mayer's abbreviated maternity leave plan will make it harder or easier for the millions of executive women who will follow her, certainly at this early stage. But there are three indisputable lessons that can be drawn from her situation.

Read the full article at Fortune.com.

Invest like a girl

This article was originally published by USA Today in the fall 2011 issue of Men's Health Magazine.

By Katherine Reynolds Lewis

Given how the world of high finances is dominated by men, you'd be forgiven for thinking that they make better investors than women. But the fact is piles of research show that it's men's better halves who produce better returns.

Female hedge fund managers achieve higher returns than their male counterparts, according to industry tracker Hedge Fund Research. During the 2008 financial collapse, men were more likely to abandon equities, missing out on the stock market's rally since then, according to Vanguard. And University of California researchers studying 35,000 households over six years found that men traded 45 percent more frequently than women, reducing their net returns.

So it might be time to buck up and figure out what women are doing right. Read the full article.

The changing face of the American working dad

More American fathers are assuming an increasingly active role in raising their children, but many employers haven't adequately responded to their changing needs.

This article was originally published by Fortune.com on Friday, June 17, 2011.

By Katherine Reynolds Lewis, contributor, Fortune

Who's going to pick the kids up from soccer practice? Or how about when junior is feeling sick and needs to be collected from the nurse's office? While the answer to these questions would have been obvious years ago, it certainly isn't today. But have employers actually kept up with this shift?

Take the flexible work policies that many employers have developed over the last few decades, as the flood of women entering the workforce demanded a departure from the standard 9-to-5 schedule, in order to handle children's emergencies. It turns out that men are five times as likely to work flexibly on an informal basis, rather than adopting a manager-approved flexible work plan, according to a new study of fathers and work by Boston College's Center for Work and Family.

When your spouse is also your coworker

Sometimes you're married to work; other times you are married at work. The ups and downs of working at the same office as -- or alongside -- your spouse.

This article was originally published by Fortune.com on Thursday, June 9, 2011.

By Katherine Reynolds Lewis, contributor, Fortune

When Tom Corwin is done with his workday, he knocks on the wall. That signals his wife Carol -- who works in the neighboring office at the U.S. Education Department's budget office -- that he's ready to go home.

"We've been married 27 years now, and we've been working together longer than that. I can't imagine not working with her," says Corwin, 59, who met his wife on the job. "We always know what one another is going through professionally."

The couple enjoys talking out work challenges during their commute home, and often will brainstorm a solution to an assignment that seemed pointless at first blush. They contribute to each other's careers, and probably end up giving more time and energy to their employer than they would otherwise, he says.

With June kicking off the start of wedding season, newlyweds who work in the same office will embark on a delicate balancing act between their relationship at work and at home. Long-time married couples sharing an employer say it helps to have separate roles, respect your spouse's contributions at home and work, shift into professional mode when needed and zealously guard your personal time.

Rough Unemployment Road for Men Could Be Ending

This article was originally published by the Fiscal Times on Thursday, Dec. 23, 2010.

While women fared much better than men throughout the recession, the gap in the unemployment rates between men and women is beginning to narrow as more and more men are going back to work.

By Katherine Reynolds Lewis

Nearly two years after being laid off from his information technology sales job, Alan Yellowitz of Fairfax, Va. finally landed a job. He's making less than half of the $200,000 to $300,000 a year he once earned, but it's enough to keep the lights on, pay the mortgage and feed his family of four. "After 22 months of unemployment, we feel like we can breathe again," said the 47-year-old Yellowitz. "It's still somewhat rough. We’re still digging out of a hole. But getting a regular paycheck every two weeks feels amazing."

Yellowitz was a casualty of what some call the “mancession", more than two years of rampant unemployment that disproportionately hurt men more than women. Men did so poorly because far more of them worked in industries hit hard by the economic downturn – particularly manufacturing, construction and financial services. Women, by contrast, are disproportionately represented in sectors that are more resistant to economic cycles, such as health care and education.

With the recession officially over and the job market slowly improving, long-time unemployed workers like Yellowitz are beginning to find work. While the unemployment rate for men dropped by nearly a full percentage point to 10.6 percent in November from its 11.4 percent high last October, the female unemployment rate is holding steady near its 8.8 percent high of October 2009. Even though the uptick in employment for men is still relatively small the data suggest that the jobs now opening up are going to men more than to women.

"Men's unemployment rose faster and further than women's, but it has since recovered somewhat. In contrast, women's unemployment, while having peaked lower, hasn't actually come down," Betsey Stevenson, the chief economist at the Department of Labor, said in an interview with The Fiscal Times. "It does seem like the recovery has been more beneficial to men at this point. Some of this has to do with where the cuts [were] the deepest and where we [have] been able to add some jobs back."

One important question yet to be answered is whether males are merely bouncing back from the extreme job losses suffered during the Great Recession, or whether we are seeing the long-predicted turning point in the labor market in favor of women. Women hold an edge in the job market in part because they hold the majority of advanced degrees, and some experts believe that employers will hire and promote women to higher levels as a result. Thus far, the average woman still earns less than a comparable man, even when adjusted for hours worked and time out of the labor force.