Remote work is “a bunch of bullshit,” according to Sam Zell, the outspoken real estate magnate known for his colorful language.
“One of the biggest lies in the world is that people working from home are more productive than people working in the office,” the billionaire founder and chairman of Equity Group Investments told a New York University luncheon on Wednesday. “You have much less productivity if you’re working from home in your pajamas with three little kids running around than if you’re in an office.”
The commercial real estate legend received applause for his comments this week, but then, he was speaking to a friendly audience. NYU’s Schack Institute of Real Estate hosted the luncheon as part of its annual REIT Symposium, with real estate execs and many grad students hoping to reach Zell’s level of success in attendance. GlobeSt.com, a trade outlet, covered his comments.