80% of bosses say they regret earlier return-to-office plans

Re:80% of bosses say they regret earlier return-to-office plans by nine_zeros on Friday August 11, 2023 @07:26PM (#37095264)

> I honestly think it's mostly a huge ego boost to flex with. "Look at how GIANT our new billion dollar HQ is, and look at all of these people working for ME!"

This may sound like a joke but having gleaming, globally distributed offices is absolutely is a matter of great pride and ego for the C-Suite. They absolutely fantasize about how they are jet setting from one office to another and how all the employees roll a red carpet for them.

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Re:80% of bosses say they regret earlier return-to-office plans by AtlasBarfed on Friday August 11, 2023 @08:45PM (#37095762)

And of course the mountains of deductions and balance sheet games you can play with a lot of real estate.

We already know the C-suite is oligarchical in nature with wage suppression in Silicon Valley, so we know they meet and communication. And things like corporate real estate is garden variety MBA stuff that these guys can freely talk about at the get-togethers.

Not having employees in buildings means those buildings aren't really worth anything. A collapse in the value of office space is something none of these companies want. It would impact share price, options, and executive pay, because these things are 30-50 year investments at a minimum.

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