Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money
The boss of the world’s biggest commercial landlord has accused remote workers of staying away from the office because it means they “don’t work as hard” and can save money.
Steve Schwarzman, the chief executive of investment firm the Blackstone group, made the claims about hybrid staff while speaking on a panel at the Future Investment Initiative summit in Riyadh, Saudi Arabia.
In remarks first reported by Bloomberg, he said employees had kept working from home because “they didn’t work as hard, regardless of what they tell you” and also due to the savings they make on their daily commute, lunches and work attire.
This guys manages finance people and stock traders. They probably don’t work as hard remotely. I’ve seen Wolf of Wall Street.
Don’t even have to delve into movies. The book “Way of the Turtle” is a first hand account of some of the early algorithmic traders. While there’s nothing mentioned that’s even close to Wolf of Wall Street, the actual work they did hardly filled a full day. Mid-day office ping pong tournaments were common.