Citi's Corbat Ponders Long-Term Impact of WFH

The transcript discusses the challenges and strategies of remote work, the future of office space, and the balance between rewarding employees and political considerations. It highlights the importance of flexibility in remote work policies, the potential need to reassess real estate requirements, and the complexities of issuing bonuses in a politically sensitive environment.

What is the primary factor driving decisions about remote work according to the speaker?

• Employee preferences

• Company profits

• Data trends

• Government regulations

Why might companies reconsider their need for office space in the future?

• Employees prefer working from home full-time

• Remote work has proven to be less productive

• Employees may only want to work in the office part-time

• Office spaces are too expensive to maintain

What concern does the speaker express about moving too quickly towards remote work?

• Decreasing employee satisfaction

• Hollowing out skill sets and creativity

• Losing competitive edge in the market

• Increasing operational costs

What challenge do banks face when paying out bonuses during the COVID-19 period?

• Increased competition from other banks

• Decreased employee performance

• Political issues in Washington

• Lack of funds to pay bonuses

How does the speaker suggest balancing compensation for employees?

• By focusing solely on shareholder returns

• By reducing bonuses across the board

• By increasing salaries for all employees

• By threading the needle to pay fairly