re: Morgan Stanley CEO to bankers: If you want NYC salary, you need to be in NYC

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I still think that development and building in person relationships and rapport is still important for the future.

I can probably guarantee you the people you start to see populate upper management positions in a decade are people who were in the office.

You may be able to do your current day to day remotely, but how will you identify opportunities for advancement and learn the next skill set. Information becomes very siloed when you’re remote for almost all organizations.

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Exactly one scenario I was referencing earlier.

There will certainly be some rockstars who WFH, but I bet the vast majority who want/prefer WHF will be more likely to have the "union" mindset.

Of course, this will become a "privilege" one day.