this post was submitted on 24 Oct 2023
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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.

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[–] cm0002@lemmy.world 267 points 1 year ago (1 children)

Says WFH is terrible

Is biggest commerical landlord

Yup, definitely totally unbiased opinion im sure lmfaooo

[–] clearedtoland@lemmy.world 55 points 1 year ago (3 children)

Not only unbiased, but completely relatable and down to earth. I’m sure he lives just like the rest of us.

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[–] Boozilla@lemmy.world 158 points 1 year ago (6 children)

Let's assume for the sake of argument he's correct. So fucking what? Wealth concentration is wage theft. Profits are at historic highs. They owe it to the workers to put down the fucking whip. It's better for the environment. Every worker who wants to telecommute (in jobs where it's possible) should be allowed to do so. It's unethical not to. It should be made illegal, IMO.

[–] WindyRebel@lemmy.world 41 points 1 year ago* (last edited 1 year ago) (2 children)

Oh, well, we’ve been over producing by taking in extra tasks and not getting raises for many years with extra work while in the office. I guess this is just our reciprocity and evening out our personal time.

I wonder if I sent him a pizza, would he feel better about it all?

Oh. And you expect me to be in the office? Then you should make an appearance daily in the office. I don’t care if you’re halfway across the US - you better show up to say hi and prove you’re there you fucking slacker.

[–] SnotFlickerman@lemmy.blahaj.zone 26 points 1 year ago* (last edited 1 year ago) (1 children)

Oh. And you expect me to be in the office? Then you should make an appearance daily in the office. I don’t care if you’re halfway across the US - you better show up to say hi and prove you’re there you fucking slacker.

This is the biggest reason people don't respect the Return to Office mandate of some companies. If the C-suite jabronis can't be arsed to show up and it's okay for them to telecommute, they've given away the game. It's rules-for-thee-not-for-me and it's as simple as that. Treating adults well into their professional careers like children who must be watched endlessly is a slap in the face to these professionals. It's why more often than not they're just finding a different job that does respect them.

This is such short-term thinking. They're going to lose their most productive and most valuable employees to this, and then their business will slowly fold like a flan in a cupboard.

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[–] Blapoo@lemmy.ml 14 points 1 year ago

Raises beer!

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[–] edgemaster72@lemmy.world 97 points 1 year ago (6 children)

I'm not saying violence is the answer, but I do believe he deserves to be strapped into a machine that just slaps him in the face constantly

[–] RojoSanIchiban@lemmy.world 39 points 1 year ago (6 children)

I dunno, historically speaking, violence has often been the answer.

Maybe it wasn't always the best answer, but it certainly is effective. Just ask the French!

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[–] silverbax@lemmy.world 33 points 1 year ago

I feel productivity rising already and am behind this initiative.

[–] tburkhol@lemmy.world 13 points 1 year ago

Maybe we can gamify that a little. Every time a worker-bee completes a task, the machine delivers a slap and a photo to the worker. We can collect them like sortie markers on WWII bombers. Boss gets feedback on how productive his employees are, and employees get to compete for points.

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[–] seaQueue@lemmy.world 96 points 1 year ago

Ah, yes, a man with a vested interest in seeing offices full to capacity can clearly be trusted to tell the truth here.

[–] bemenaker@lemmy.world 63 points 1 year ago (1 children)

Commercial landlord. LOL, like this douchebag has a clue what he is talking about.

Translation: These remote workers are costing me money!!!!!

[–] T00l_shed@lemmy.world 13 points 1 year ago (1 children)

It's more like. I can't micro manage and control this aspect of their lives. I need them to be dependant on the meager scraps I give them so they keep crawling back. Also I want to go into people's homes while they're away and it's harder to do when they're home all the time.

[–] bemenaker@lemmy.world 17 points 1 year ago

That's their boss, this is a corporate landlord crying because he's losing tenants to corporate office space downsizing because of remote work.

[–] modifier@lemmy.ca 60 points 1 year ago

Someone is confusing hard work with productivity. Fucking dinosaur.

[–] elrik@lemmy.world 57 points 1 year ago (6 children)

Even if we accept the premise that remote workers "don't work as hard," so what? They're either fulfilling their job responsibilities or they're not.

[–] JoBo@feddit.uk 24 points 1 year ago (1 children)

I mean, it's true? I used to have to spend 11 hours a day to get 8 hours in my workplace. Now I spend 8 hours a day to get 8 hours in my workplace. And I start earlier and finish later because I can take longer breaks during the day when no one needs me to be there. And I get more done because I'm not knackered all the time from commuting 3 hours a day.

They're quids in (unless they've based their finances on the capital gains from owning property in a ridiculously expensive city while shunting the costs onto lower paid workers who are forced to commute long hours at their own expense).

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[–] clearedtoland@lemmy.world 50 points 1 year ago

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.

It’s almost as if people enjoy having extra disposable income!

[–] Shanedino@lemmy.world 48 points 1 year ago

Really just needs to be common practice or law to pay workers to commute.

[–] zcd@lemmy.ca 44 points 1 year ago (1 children)

Get this asshole a submarine too

[–] toasteecup@lemmy.world 16 points 1 year ago

A carbon fiber one

[–] ChaoticEntropy@feddit.uk 41 points 1 year ago* (last edited 1 year ago)

"It's very important to me that you head into a large and expensive to rent office. Don't ask me why."

[–] JustZ@lemmy.world 38 points 1 year ago

Obviously, the dude owns commercial real estate. Of course he's talking shit about people that don't want to go to the office.

I'm never going back to an office. Started my own business and never looking back. Information workers don't need offices, period.

Dude probably can't wait to replace his own office staff with AI. Tell him to eat shit.

[–] Cruxifux@lemmy.world 37 points 1 year ago

We should remove these people from all levels of power. They are not fit to be in charge of anything, ever.

[–] Illuminostro@lemmy.world 36 points 1 year ago (2 children)

You know who really doesn't work hard? Shareholders. Why the fuck do they get preferential treatment over the people actually doing the work?

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[–] MiDaBa@lemmy.ml 36 points 1 year ago

Remote workers can live in locations with cheaper rent. Blackstone has invested far too much money buying up overpriced housing in densely populated areas to allow that. A spread out population is bad for their bottom line.

[–] dipshit@lemmy.world 36 points 1 year ago

Imagine a landlord telling the people who actualy do real work they don’t work as hard as a landlord.

Bro, I work harder than landlords in my sleep.

[–] Lemmylaugh@lemmy.ml 33 points 1 year ago* (last edited 1 year ago) (2 children)

He’s essentially saying that companies need employees to come work at the office because the real estate investors depend on it.

Question what do the models say will happen if commercial real estate values crash because everyone is wfm? Can it really cause an macro economic issue?

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[–] PhlubbaDubba@lemm.ee 32 points 1 year ago

The irony of the hedge fund boss that owns the world's largest corpo land lord complaining about WFH employees not doing real work

[–] Adalast@lemmy.world 32 points 1 year ago

Headline in a reality literate world: "Remote employees 'don't work as hard' says obscenely biased and out of touch person with a vested interest in the abolishment of remote work."

[–] dipshit@lemmy.world 31 points 1 year ago

Selfish prick wants more money for themselves. story at 11.

[–] Illuminostro@lemmy.world 29 points 1 year ago

I can't wait to see these billionaires dragged out of their bunkers and eaten.

[–] anon_8675309@lemmy.world 28 points 1 year ago

Such bullshit.

These old fux just want to control people.

[–] captainlezbian@lemmy.world 28 points 1 year ago

Oh shit! And does the CEO of Tyson think vegetarians are malnourished?

[–] SeaJ@lemm.ee 28 points 1 year ago (10 children)

The evidence says otherwise. He can go fuck himself. I personally prefer going in but I understand people wanting to work from home or at the very least do hybrid work. Childcare is fucking expensive and if you can work while watching kids, that can really help combat the massive rise in housing costs.

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[–] LazyPhilosopher@lemmy.world 26 points 1 year ago

You know who actually doesn't work hard at all? steve schwarzan. Fuck these lazy ass execs and share holders. I think we outta put em all in metal tubes and drop em in the ocean.

[–] eran_morad@lemmy.world 25 points 1 year ago* (last edited 1 year ago) (1 children)

Maybe because most office work is meritless horseshit???

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[–] pandacoder@lemmy.world 24 points 1 year ago (5 children)

I actually work harder (in general) than before because now I don't have to commute, 1-2 hours more a day I can spend getting stuff done

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[–] FReddit@lemmy.world 23 points 1 year ago

Well he can go fuck himself.

[–] FlyingSquid@lemmy.world 20 points 1 year ago (1 children)

I don't know... I feel like I need some sort of perk if I'm going back to work. How about a pizza party or some Alf pogs?

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[–] CancerMancer@sh.itjust.works 19 points 1 year ago (5 children)

Business saves money: "the goal of a business is to make money"

Employee saves money: "you just don't want to pay all the robber barons all the way in and out of work you lazy piece of shit"

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[–] Peddlephile@lemm.ee 19 points 1 year ago (1 children)

Probably doesn't like WFH because people can clock off when their task is done and he can't ask them to work unpaid overtime.

[–] doggle@lemmy.dbzer0.com 22 points 1 year ago

Probably part of it, but being a commercial landlord is probably bigger. WFH is reducing the need for offices and thus hurting his property values.

[–] HawlSera@lemm.ee 19 points 1 year ago

I mean, at work I'm probably just going to play Pokemon on my phone until an actual assignment shows up, then do it and back to Pokemon.

If I worked from home I can't imagine I would do my job any differently, except it would probably be playing Pokémon Violet on the switch instead of Pokemon Masters on my phone

[–] IchNichtenLichten@lemmy.world 18 points 1 year ago

Steve Schwarzman of the Blackstone group can fuck all the way off.

[–] bababatman@lemmy.world 15 points 1 year ago

This revolting bottom feeder, Steve Schwarzman, would say that. He's a commercial realtor, if remote working takes off he loses out. What else would he say?

[–] Coreidan@lemmy.world 15 points 1 year ago

Who cares. Go back to being a fuckboy.

[–] Marin_Rider@aussie.zone 14 points 1 year ago

did this dipshit ever hear the term "work smarter not harder"

I think he sounds like a loser

[–] angrymouse@lemmy.world 14 points 1 year ago

and can save money

God bless the chief of Blackstone don't care about money as us petty workers.

[–] spider@lemmy.nz 13 points 1 year ago

The boss of the world's biggest commercial landlord

In other words, they make their money via passive income.

has accused remote workers of staying away from the office because it means they "don’t work as hard"

The world is so full of hypocrisy that...maybe he thought no one would notice (?)

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