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> This doesn't happen because many C-suite people have commercial property investments I keep reading this but have seen no evidence. Are you saying executives
by hiatus 3y ago
> This doesn't happen because many C-suite people have commercial property investments
I keep reading this but have seen no evidence. Are you saying executives are invested in the buildings their companies occupy?
- bongodongobob 3y agoLol what? 100% yes. It's super common to have a separate holding company for the real estate that the business leases from.
- hiatus 3y agoSure, can you give examples of companies whose executives own the holding company their business leases real estate from?
- bongodongobob 3y agoIt's common practice afaik, there's no secret there. I used to work for one and they are small peanuts. Edit: Acme inc owns Acme Real Estate Co and Acme Operations Co. Operations Co leases from Real Estate Co. There's no funny business, it's just how a business might split its assets and liabilities.
- hiatus 3y agoThat's not an example of company executives personally profiting or being invested in the company's real estate though. The comment to which I replied implied that executives personally profited from the real estate. > This doesn't happen because many C-suite people have commercial property investments
- aynyc 3y agoI don't know the big companies. But a lot of smaller firms I used to install software systems own their own buildings (basically, a big residential house or a small warehouse). The company owner owns the building, the actual company leases the building to the owner.
- hiatus 3y agoA company owning its own building is common. The parent comment said "This doesn't happen because many C-suite people have commercial property investments" which doesn't sound like a business owning its own building.