Because most shareholders are boomers.
Comment on [deleted]
stockRot@lemmy.world 11 months agoWhy are shareholders happy to hear that businesses are spending unnecessary money on renting office spaces?
go_go_gadget@lemmy.world 11 months ago
Blackmist@feddit.uk 11 months ago
Because they also hold shares in the companies that rent offices.
None of these businesses have given up their office spaces. They’re also likely on very long term contracts. Not using them is wasting money.
HauntedCupcake@lemmy.world 11 months ago
I agree with you, but want to point out that not using offices is just perceived as wasting money. They don’t actually lose any money if the office is used or not, they might even save money on utility costs and supplies. It’s just sunk cost fallacy.
SCB@lemmy.world 11 months ago
Because they also hold shares in the companies that rent offices
You know this isn’t true, right? Like, you know that?
meyotch@slrpnk.net 11 months ago
Never heard if REIT?
WarmApplePieShrek@lemmy.dbzer0.com 11 months ago
And banks! If you own bank stocks, you own mortgages. If you own the S&P, you own bank stocks.
KevonLooney@lemm.ee 11 months ago
But companies are owned separately. Reducing office costs would increase the value of the renting company while decreasing the value of commercial real estate, regardless of their ownership.
Investors owning both real estate and the companies renting that real estate are not colluding. One investor who owns 90% stocks and 10% real estate is not going to help out another investor who owns 90% real estate and 10% stocks.
Ilovethebomb@lemm.ee 11 months ago
Because they also hold shares in the companies that rent offices.
Source?
crsu@lemmy.world 11 months ago
They own REITs
Ilovethebomb@lemm.ee 11 months ago
They don’t, it’s a statement that people are repeating because they heard it from someone else, with nobody stopping to actually think about it.
There is no conspiracy by CEOs to get people back to the office to prop up real estate values.
Duamerthrax@lemmy.world 11 months ago
Because they’re disconnected from reality. Same reason they’re fine with co2 emissions even though they live in the same biosphere.