Out of touch

Stephen Schwarzman is CEO of the private equity firm Blackstone and is worth $32 billion. Here's what he thinks motivates people to work from home:

“It was actually more profitable for them to stay home because one, they didn’t work as hard, regardless of what they told you. Second, they don’t spend money to commute. They can make their lunch at home. They don’t have to buy expensive clothes, so their incomes are higher.”

How much to you suppose Schwarzman spends on commuting, lunch and clothes? If his employees are motivated by those savings, he's probably not paying them enough. Offer them a 10% raise and see what happens.

https://www.cnn.com/2023/10/26/business/remote-work-covid-efficiency/index.html

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