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From the Editor's Desk

What Bosses Really Think of Remote Workers

People who work from home get fewer raises and promotions. But there might be a way to avoid the remote-work penalty.

America's CEOs have a message for people who love working from home: Your happy days are numbered. Remote work is "suboptimal," Jonathan Wasserstrum, the CEO of the New York commercial-real-estate company SquareFoot, told me. "I believe that work is better when most of the people are in the office most of the time together," he said. As if to prove his point, at that moment our phone connection grew fuzzy, prompting him to sarcastically add, "Oh, because remote is so great, right?"

What really gets Wasserstrum's goat is when people say no one should come into the office, because that would be more fair to the people who don't want to come into the office. He said that although he wouldn't fire someone for asking to work remotely full-time, SquareFoot is a real-estate company. "If somebody didn't believe in the value of an office at least one day a week, they probably shouldn't be at the company anyway," he said. At a recent Wall Street Journal conference, WeWork CEO Sandeep Mathrani cheered cubicle life even louder, saying that the most "engaged" workers are those who want to work from the office most of the time. "People are happier when they come to work," he added confidently.

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