this post was submitted on 06 Aug 2023
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They've invested a lot of money in office real estate and hate that it's going to waste.
Also, CEOs tend to be extroverts who want to be around people. They're also sociopaths who think everyone is like them (or they don't care what others think).
Combine the two and you get this.
But see this makes no sense. The money invested is gone (or contractually tied up). Using it won't make it a good investment.
It's like if you bought a car and then moved somewhere where you're like 1 minute walking from work, the grocery store, the hair salon,.and the best restaurants, and you never travel otherwise. The money spent on the car is objectively wasted. Using your car unnecessarily to drive places you (a) wouldn't normally go to or (b) don't need a car to get to is not only pointless, but actually costs MORE MONEY because of gas and maintenance (or for a building, energy and cleaning).
There's more to it. Companies are getting tax breaks and tax exemptions to bring in people to the office to "stimulate" the ecconony.
Ahh. Didn't know about the tax breaks. Makes sense. You know, as much as if "makes sense" to be forcing people to spend more time and money traveling instead of working or spending time with their families.