People don't understand how companies work, and the real hidden agendas that drive all decisions about employees.
In addition to remote work, some here have commented about private offices vs cubicles or open desks without even cubicle walls. Obviously, it is much cheaper to give someone a desk in an open space, with zero extra costs. The cost savings then can to to giving the CEO an ultra expensive office. I've read some can get up over a million dollars, with gold faucets in their private bathrooms, rare Italian marble credenza tops and all furniture made of rare mahogany wood, and the like. For example, a Pininfarina Aresline Xten office chair costs $1,500,000. John Thain, Merrill Lynch’s CEO, spent approximately $1.22 million to upgrade his office. Goldman Sachs' retiring Lloyd Blankfein spent top dollar to build its soon-to-be retiring chief executive a new office as he transitions to an advisor for the firm - exact numbers are not known but it is over $500,000. Many other peoples' offices had to be moved for the ex-CEO, in order for Blankenfein to get a coveted view of the Hudson River.
This is essentially the same exact reason why CEOs want people to work in the offices. For both, it is personal vanity.
When the CEO brings people into the office - personal friends, family, clients - the CEO wants to show off how great he is. Vanity. "Look at me, look at how important I am with my own expensive office that costs $528,000."
In the same way, the only reason the CEO wants people at the offices is for his vanity. It is more impressive for the CEO to bring his friends to an office where there are thousands of workers, all reporting to the great big important man. Oh, he is so important. How impressive is the CEO if there's only a barebone skeleton crew of 8 people?
Peoples' vanity is limitless, and they will literally tank a company rather than give up on their vanity. People think that CEOs are attached to the bottom line, to maximize shareholder value, but they are not. It's all tied to their vanity.
No, this is not the case for all CEOs, of course, but probably is for a good 84.827% of them, as shown by France Is Bacon polling company.
In addition to remote work, some here have commented about private offices vs cubicles or open desks without even cubicle walls. Obviously, it is much cheaper to give someone a desk in an open space, with zero extra costs. The cost savings then can to to giving the CEO an ultra expensive office. I've read some can get up over a million dollars, with gold faucets in their private bathrooms, rare Italian marble credenza tops and all furniture made of rare mahogany wood, and the like. For example, a Pininfarina Aresline Xten office chair costs $1,500,000. John Thain, Merrill Lynch’s CEO, spent approximately $1.22 million to upgrade his office. Goldman Sachs' retiring Lloyd Blankfein spent top dollar to build its soon-to-be retiring chief executive a new office as he transitions to an advisor for the firm - exact numbers are not known but it is over $500,000. Many other peoples' offices had to be moved for the ex-CEO, in order for Blankenfein to get a coveted view of the Hudson River.
This is essentially the same exact reason why CEOs want people to work in the offices. For both, it is personal vanity.
When the CEO brings people into the office - personal friends, family, clients - the CEO wants to show off how great he is. Vanity. "Look at me, look at how important I am with my own expensive office that costs $528,000."
In the same way, the only reason the CEO wants people at the offices is for his vanity. It is more impressive for the CEO to bring his friends to an office where there are thousands of workers, all reporting to the great big important man. Oh, he is so important. How impressive is the CEO if there's only a barebone skeleton crew of 8 people?
Peoples' vanity is limitless, and they will literally tank a company rather than give up on their vanity. People think that CEOs are attached to the bottom line, to maximize shareholder value, but they are not. It's all tied to their vanity.
No, this is not the case for all CEOs, of course, but probably is for a good 84.827% of them, as shown by France Is Bacon polling company.