this post was submitted on 14 Feb 2025
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Work Reform

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JPMorganChase CEO Jamie Dimon said during a Wednesday town hall he didn’t care how many employees signed a petition to bring back hybrid work. The company in mid-January announced a 100% return-to-office mandate, which angered many employees, who argue the move “disproportionately” pushed out women, caregivers, senior employees, and employees with disabilities.

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[–] [email protected] 141 points 1 week ago (3 children)

I think this is only partly about the need to keep the value of commercial real estate inflated.

I think there's a more fundamental psychological motivation.

The illusion that the C-suite actually contributes value sufficient to arguably justify their obscene salaries depends in large part on them sitting in offices at the top of a building full of workers.

If the building is not full of workers, that threatens the illusion.

[–] [email protected] 68 points 1 week ago (1 children)

Also, people with power often like to harm people that are less fortunate because they believe they deserve it: "If they were good people, they wouldn't need to work for a living, because they'd be rich. Since they're not rich, they must be bad people."

[–] [email protected] 68 points 1 week ago (2 children)

I was legitimately shocked at the cartoonishly villainous shit I heard in my brief time at an investment firm. I swear to God this is a verbatim quote from a middle-aged, white, millionaire, Mormon investment adviser:

"There's no excuse for any American not to be a millionaire, if they'd just stop buying their cigarettes and their dope for a few weeks."

Hand to God. It's so absurd that it sounds like a, "That man's name was Albert Einstein. And then they all clapped."-type story, but that place was fucking wild.

[–] [email protected] 39 points 1 week ago

Finance bros are the OG of tech bros. I believe you.

[–] [email protected] 5 points 1 week ago* (last edited 1 week ago)

"There's no excuse for any American not to be a millionaire, if they'd just stop buying their cigarettes and their dope for a few weeks."

To be fair, the first half of that is true. What's wrong is the victim-blaming nonsense, failing to correctly attribute the reason to wages' failure to keep up with worker productivity.

[–] [email protected] 19 points 1 week ago (1 children)

He needs to feel like a big man with a big pp. The way you do that is when someone is setting up an appointment for you and says "Is 3 o'clock okay?" You say, "No, I have a meeting." That shows them that you are a big man with big important business meetings to attend with your fancy briefcase. You can't take your fancy briefcase to your big important business meeting on zoom. Well, you can, but it loses the luster. And thus we have why so many CEO's want RTO.

Conversely, the middle management wants it because they don't want to be exposed as useless.

[–] [email protected] 7 points 1 week ago

100%

A ton of petty, high school bully bullshit.

[–] [email protected] 5 points 1 week ago

fElon has proved CEO's aren't needed to run a company.