Return to Office: Multi-national CEOs Perspective
I read how the WeWork Bankruptcy would cause a massive loss of valuation for commercial real estate.
Another reason for commercial real estate to lose value is that workers staying at home.
Also known as: Return to Office debacle, err, debate.
Given how badly return to office plans are executed and their opacity in messaging.
This makes me think: what if an entity larger than CEOs of companies are forcing return to office mandates. An entity even larger than shareholders?
What if it’s an entity with interest at the GDP level?
I have no idea if this is the thinking of a multi-national CEO, give this a thought a chance:
You’re head of a company that has a valuation greater than most countries’ GDP. You are on your way to generational wealth - your great, great, great grand children will be proud of your “sacrifice”.
Suddenly, you get a call from your country’s president saying:
I’m telling you and your peers the same thing: If you continue to allow your employees to work from, there can be a cascading effect on the whole economy that can start a recession.
Remember, there’s a direct link between your company’s performance and your net worth.
A recession hurts any company’s performance.
What would you do next?
As a CEO, I would as patriotic duty mandate return to office at the same time, keep my self-serving interests out of the messaging.
With this context, the return to office execution is clearer. I would do exactly what the return to office execution has been so far.