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‘Zombie Offices’ Spell Trouble for Some Banks - The New York Times (www.nytimes.com)

submitted 9 months ago by 1984@lemmy.today to c/technology@lemmy.world

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This is the real reason for companies wanting people back to the office.

All this talk about collaboration and team spirit is just the publicly given reason for wanting people back to the office.

The real reason is that now the owners of the buildings are losing money.

Cry me a river.

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[-] evranch@lemmy.ca 28 points 9 months ago

Often they have signed leases with themselves. With original owners, holding companies etc.

This is a way of extracting value from a corporation without paying it as a dividend or salary. Dividends go to all shareholders. Lease payments go to one specific one.

So obviously if there's no reason to pay these leases anymore, somebody powerful is going to be very upset.

this post was submitted on 09 Feb 2024

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