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C suites are committed to spending as much as possible on real estate Executives often own the real estate and lease it back to the company. From Steve Ballmer
by mikestew 1y ago
C suites are committed to spending as much as possible on real estate
Executives often own the real estate and lease it back to the company. From Steve Ballmer to the owner of the tiny 85 person company I last worked at, it’s not uncommon.
So, yeah, there’s often some financial incentive there.
- Nursie 1y agoWasn't that one of the (many) dodgy things about wework under the original founder? Something about him buying the buildings and then having wework lease them from him? How that guy didn't end up on the receiving end of a load of criminal charges...
- jayd16 1y agoDon't they lease it whether its mandatory or not?
- kamaal 1y ago>>there’s often some financial incentive there. I know managers that were let go because it appeared like their only job was being host to that one stand up meeting everyday, and nothing else. I guess they just want people to return to save their own jobs.