[Cyberdogs7]

Talking to many CEO's of mid size companies, it seems to be an extension of point 2. They have received many tax incentives from the cities in which they are located, based on the employees they have there. With WFH, the cities are threatening those tax incentives.

Typically the tax incentives are deductible property tax, except sales tax, or some type of city provided R&D subsidy to help with state level taxes.

We received these back in 2010 with a 175 person game studio and we had 3 different cities pitching for us to move there. I have received outreach on even just a 5 person company. I can only imagine what cities will do with large employers.

[woooooo]

Aldo, the CEO reports to the board, and those board members generally are going to own diversified index funds.

They have extra-company reasons for RTO.

[hot_gril]

That's an interesting anecdote. I had no idea mid-sized companies were working with cities like that.