When will we get back to work? The CEOs of Blackstone, Citigroup, Hp, Waste and Walt Disney speak
When CEOs of big American companies really think we're going back to work. The Wall Street Journal article
Top executives are seeing the light at the end of the pandemic tunnel as US vaccination efforts continue to increase and more states expand eligibility for vaccinations. But business leaders are still divided on what the workplace will look like in 2021 and beyond – we read on the WSJ.
Here's what some high-level executives are saying about exiting Covid-19 lockdowns, expanding vaccinations, and getting people back to work.
“I certainly imagine everyone back in [the office]. I think that from a cultural point of view – the apprenticeship, the sense of belonging – we are better off together ”.
– Jane Fraser, chief executive officer of Citigroup Inc.
“What are the long-term ramifications of working from home versus going to an office?… I think there are a lot of pros and cons and pros and cons to sitting here today, really impossible to predict. But I don't think there will be a fundamental negative shock to the business travel aspect over time ”.
-Marcel Verbaas, CEO, Xenia Hotels & Resorts Inc.
“I don't have a direct line to the governor of California. If I had it, I'd call him and tell him: open up this damn state…. A lot of people, while we like to stay at home initially, we're all social creatures, and sitting at home forever doesn't seem like an attractive prospect. "
– James Fish, CEO, Waste Management Inc.
“We think the way of working will be hybrid. People will work from the office, they will work from home …. Over time, printing in the office will pick up momentum and grow again, but it will always be less than what we expected it to be before the pandemic because, again, people will not pass. so much time in the office …. At the same time, when we look at home business and home printed pages, we think there will be more than we expected before the pandemic and one effect will offset [the other]. "
–Enrique J. Lores, CEO, HP Inc.
“Given the global launch of vaccines, we are currently planning on the basis that schools and testing centers [SAT] will reopen in a socially distant way during the month of March, and that normal operations will resume in the second half of 2021…. a significantly smaller area of corporate offices. "
-Sally Johnson, Chief Financial Officer, Pearson
“I'm a long-term supporter of New York, but it's going to be a tough time in the next year or two…. We've been back since September, and let me just say it's great to be back, and we're a lot more productive in the office than we were during the summer and last spring on Zoom. And I think a lot of people, when they come back, will realize this huge productivity gain versus the short-term benefit of not having to commute ”.
-Stephen Plavin, CEO, Blackstone Mortgage Trust Inc.
“Hopefully the worst of the restrictions is behind us, let's hit iron, as we've seen some of the more restrictive states like California begin to loosen… While many businesses may technically be open, the inability to operate at full capacity can be a big obstacle. The vaccines are certainly positive, but distribution will take time. And the presence of further variants is certainly a wild card ”.
– Lisa Palmer, CEO, Regency Centers Corp.
"I am hopeful that we are nearing the end of the impact of the pandemic …. Many companies expect by the end of the summer to have at least a few employees back in the office, which I see as a very positive thing."
– David Schaeffer, CEO, Cogent Communications Holdings Inc.
“We think this is really the beginning of the recovery. I can't really talk about the pace, but certainly the news from Texas and other states yesterday was good in the sense that I'm able to move more restaurants in 75% to 100% capacity. So I really think things are improving starting from those numbers ”.
-Paul Murphy, CEO, Red Robin Gourmet Burgers Inc.
"Here in California, we are encouraged by the positive trends we are seeing and hope they continue to improve and that we will be able to reopen our parks to guests with limited capacity by the end of April."
– Bob Chapek, CEO, Walt Disney Co.
“A certain amount of people work from home permanently. I think there will be a large part that will work permanently in the office. There will be some hybrids, where you spend two days or two weeks at home and two weeks in the office… It will reduce the need for commercial real estate, but there are huge weaknesses in the Zoom world. I mean most of us learn through an apprenticeship system, seeing mistakes, traveling, how to handle a client, how to handle the problem. It's hard to inculcate culture and character and all of these things. It is very difficult to build and develop a deeper relationship on Zoom ”.
– Jamie Dimon, CEO, JPMorgan Chase & Co.
“In 2022 that's where I'm thinking… Then we can feel safe”.
-Khalid Parekh, CEO of Amsys Group
“The return to work is not the return to normal in 2021. I mean, you will go to the office, you will still be subject to personal protective equipment, social detachment, discussions about compulsory vaccination, travel restrictions. All of these things will keep the office environment, the good parts of the office environment, still somewhere out of reach for a period of time. "
– David Henshall, CEO, Citrix Systems Inc.
“The office plays a very, very large and very important part of the culture. And we want it to do so in the future too. So we're going to keep those locations [offices], and we want the culture to really appear and grow within that environment like an office. But we also want to give that freedom and flexibility ”.
(Article taken from the foreign press review of Eprcomunicazione
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/quando-torneremo-al-lavoro-parlano-i-ceo-di-bloackstone-citigroup-hp-waste-e-walt-disney/ on Sun, 21 Mar 2021 02:51:21 +0000.