sayheykid24 t1_iym51hl wrote
Reply to comment by bustedbuddha in Morgan Stanley finally lures bankers back to the office 5 days a week by smallint
Morgan Stanley has been profitable in past years because the brands adder market was up. You think that has something to do with remote work though?
bustedbuddha t1_iymeggj wrote
No, I think remote work has been shown to not be harmful to profitability. Since it saves money and isn't harmful to profitability, forcing people back should be justified if management is going to spend money on it.
sayheykid24 t1_iymgwli wrote
I don’t know that you have a vantage point to say that without confidence about Morgan Stanley. In my industry it’s been a major drag on productivity for the past year and a half because entry level employees are not ramping up as quickly as they used to pre-remote work, and it has knock on effects throughout organizations.
bustedbuddha t1_iymk4qi wrote
Sure, I mean it's not like as a publicly traded company they've released their financials on a quarterly basis showing continued profit growth throughout the time they've been primarily WFH... /S
sayheykid24 t1_iymradk wrote
Go take a look at their earnings reports and point out where they pin profitability on anything related to remote work. You can't be that dense that you equate short-term profitability driven primarily by market conditions and the long-term management of a business, right?
bustedbuddha t1_iyms0t5 wrote
That's not how it works. they're proposing to spend more investor money, they need to show where it drives further profitability.
They don't directly tie profitability to WFH, I'm not either, I'm saying that the result show WFH has not damaged profitability.
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