4 ms·

Why do the landlords have control over tech ceos?

• kcb 2y ago
  JPMorgan are the landlords. They just finished building one of the biggest skyscrapers in NYC for their use https://en.m.wikipedia.org/wiki/270_Park_Avenue_(2021%E2%80%93present) https://en.m.wikipedia.org/wiki/270_Park_Avenue_(2021%E2%80%... Someone needs to at least be able to portray a return on that investment.
• senderista 2y ago
  Institutional investors in Big Tech also have investments in commercial real estate?
• hdjjhhvvhga 2y ago
  In this particular case we are talking about a large company that owns a lot of commercial real estate and invests heavily in it. From their point of view, allowing people WFH is acting against the best interests of the company - if these commercial buildings are sitting empty, their value goes down. I see their point but as an employee I would never work for them unless completely broke and desperate - and even then only temporarily, just to have time to find a better job that allows WFH.
  • goodklopp 2y ago
    They could instead rent it out right? Employees are happy, money is flowing in. win win.
    • Ekaros 2y ago
      Problem is demand. If everyone else also have people working remotely... So what they have to first do is to show it themselves.
• disambiguation 2y ago
  I think most corporate America works this way. Every company has a board of directors (i.e stake holders (i.e investors, with many investments, including land)) they pass down edicts from on high. "If you want my money you have to do XYZ." From there c-suite executives figure out how to pull it off. Sometimes investments in one area affect decisions in another, which is technically a conflict of interest, which is technically illegal, but hey that's why America is famous for its corporate integrity.