I more meant there's no first-mover advantage, because a 'last-loser' can always adopt the better policies and poach new talent under the new regime. There may

I more meant there's no first-mover advantage, because a 'last-loser' can always adopt the better policies and poach new talent under the new regime. There may be SOME lag, but being a first-mover on return to office will not make or break a company's future.