[gruez]

>I have heard a large impetus for the RTO push was to prop up commercial real estate. Permanent WFH would change the value of trillions of dollars of properties and reshape the commercial centers of cities.

That makes as much sense as "people buy iPhones because they own Apple shares in their 401k (it's #2 in the S&P 500) and want to pump the stock". At an individual CEO level it doesn't make sense, for similar reasons. The CEO and the company can reap massive savings from not leasing an office, which is presumably also good for their careers and make the board happy. On the other hand the individual benefit that the CEO can get by ever so slightly increasing demand for CRE is negligible.

[gtowey]

Those CEOs don't exist in isolation. There are boards of directors. Most tech companies have additional VC funding. The biggest myth of modern business is that the CEO is the boss. They're not. They're more often the person entrusted to curate the company which is ultimately for the interests of those who own it.

And those people own other things too. Sometimes they own commercial real estate directly. Sometimes they're just investing in it. But they all rub elbows with those who do own it. They sit on boards together. They have common interests and let me tell you -- those interests ain't about what's good for you and me.

[daheza]

Yep watch the economic forums if you want to get an insight into how these people think. They will absolutely be excited about AI but be a B2B SaaS that sells by the seat. They will move against their own interests if it in the pursuit of the next quarter regardless of long-term though.