Morgan Stanley CEO to NYC workers: Be back in the office by September or else
[Oh well, that was a fun pandemic. Back to work everyone!](https://www.cnn.com/2021/06/16/investing/morgan-stanley-ceo-return-to-office/index.html)
So much for the WFH dream for those of us lucky enough to have full or partial flexibility. I know investment banking is different and some of these guys are getting paid millions to WFH, vs. a culture built around 100+ hour weeks in the office and endless work. I seriously wondered how they were whipping their junior bankers virtually...from what I've heard it's a ticket to retirement but miserable while you do it. But, I really was hoping that a few influential companies would find that WFH was actually much more productive than dragging people back into an office.
One thing I wonder is whether people who really don't want 5 days in person are going to have the fortitude to quit and find a more flexible employer. Unfortunately, people will probably just fold and do whatever the executive class tells them to do.
It's too bad...IMO companies who dig in hard on this are going to miss out on talented people who would rather not go back to the old style of commuting. However, I think banks are a special case...they must know how leveraged their commercial real estate customers are and probably feel they need to encourage a return.