| "POOR DECISION MAKING: UNNECESSARY & EXPENSIVE OFFICE SPACE IN NYC" This whole report is absolutely scathing, but this particularly stood out to me. I've actually been in a similar situation where a CEO decided he was going to rent extremely expensive office space, in one of the most over the top pricey areas of Los Angeles, simply because it was close to his residence. This snowballed into other various stupid financial choices, and I was lucky enough to get out before the entire office got fired. This serves as a very good argument for fully remote companies. Get a corporate we work account for the extremely rare case where you need a physical presence. The brand is pretty damaged though. They had a short window where the Equinox crowd had nowhere to spend their exorbitant incomes. No shortage of cheaper alternatives exist. I suggest buying a used exercise bike and playing Eye of the Tiger on repeat for 30 minutes. Infact if you don't have access to Eye of the Tiger you can just sing it to yourself. Eye of the tiger it's the thrill of the fight, saving money on a used bikes. |
I've seen a CEO move an entire company's headquarters because he personally moved to a mansion on the beach, so now everyone needs to commute from the city across a single bridge onto a touristy beach peninsula every day just so CEO-man can walk to the office.