Absolutely true, but it's worth mentioning that it does free up capital. That could go straight to a CxO's bonus, but also to larger budgets for Project X/Y/Z.

Not having to commute is also a big time saver, and that one is just on you, the worker. The Mr Money Mustache blog calculated that every mile you cut off your commute saves you like ~700-800 bucks a year.

https://www.mrmoneymustache.com/2011/10/06/the-true-cost-of-...