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Because it’s always been about power and ego. I’m sure there’s an element of “we can get people to quit without having layoffs or having to compensate them”, bu
by olliej 3y ago
Because it’s always been about power and ego. I’m sure there’s an element of “we can get people to quit without having layoffs or having to compensate them”, but the overwhelming reason for mandatory RTO is power and ego tripping.
If it were ever about productivity it would not have been universal and it would not have been mandatory.
- boppo1 3y ago>always been about power and ego. No, it's about CRE investments. Pre-'rona, CRE was viewed as an extremely stable asset class. There are lots of interests (including a lot of 401Ks I bet) that don't wanna see the asset class fail.
- vp8989 3y agoCan you elaborate? To my knowledge, 401k target date funds sometimes have small allocations to REITs (like 3-5%) or REIT indices that might be comprised of a mix of commercial and residential. Maybe there is some exposure to CRE mortgage backed securities through the bond indices?