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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Successreturn to office

Return-to-office orders are ‘never going to work,’ rants Salesforce CEO Marc Benioff

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Jane Thier
Jane Thier
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By
Jane Thier
Jane Thier
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June 23, 2022, 3:38 PM ET
Marc Benioff, Co-Chair, TIME, Chair and Co-CEO, Salesforce, speaks onstage at the TIME100 Summit 2022 at Jazz at Lincoln Center on June 7, 2022 in New York City.
Marc Benioff, Co-Chair, TIME, Chair and Co-CEO, Salesforce, speaks onstage at the TIME100 Summit 2022 at Jazz at Lincoln Center on June 7, 2022 in New York City.Jemal Countess—Getty Images for TIME
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In the ongoing return to office debate, Salesforce co-CEO Marc Benioff is standing resolute on remote work.

“Office mandates are never going to work,” he said at Salesforce’s World Tour event in New York on Thursday, according to Yahoo Finance. 

His perspective echoes Salesforce’s standing policy that lets employees decide where they want to work. He and co-CEO Bret Taylor consider their company’s flexibility a recruiting tool; top talent can work from anywhere, Taylor said last month, so long as teams are in the same time zone. 

Of course, Slack, a division of Salesforce, benefits from remote workers who use the communications platform while working from home. It will be rolling out a slate of updates to better foster long-term remote work such as screen sharing and improved video calls, Benioff and Taylor reportedly told event attendees. 

These comments come as numerous executives, like Elon Musk, double down on their return-to-office commitments despite consistent resistance from large swaths of their workforces. 

“Remote work is no longer acceptable,” Musk wrote in a leaked email to employees earlier this month. “Anyone who wishes to do remote work must be in the office for a minimum (and I mean *minimum*) of 40 hours per week or depart Tesla.”

Much of Wall Street is taking the same position. Jamie Dimon and David Solomon, CEOs of JPMorgan Chase and Goldman Sachs, respectively, have made clear their intentions to return to a fully in-person work model.

Remote work “doesn’t work for people who want to hustle, doesn’t work for culture, doesn’t work for idea generation,” Dimon said last year, though he acknowledged his opinion hasn’t been popular. “We are getting blowback about coming back internally. But that’s life.”

It’s not just Dimon’s employees and Benioff waging a war against in-office mandates. Other executives are taking an opposing stance, too. “Working remotely has been proven to improve people’s quality of life—and teams’ productivity,” Paul McKinlay, head of remote for printing company Cimpress, told Fortune.

Benioff seems to think that Musk and crew are fighting a losing battle, and the data backs him up. An October 2021 Gallup poll found that workers with more flexible schedules are more productive, more loyal, and more bonded with their coworkers.

Lack of such flexibility could mean greater turnover. 

“People have spent more than two years proving they can be productive working from home,” Brian Elliott, executive leader of Slack’s Future Forum, told Fortune. “As companies mandate employees back into the office five days a week, we’ve seen workers’ stress levels skyrocket and work-life balance plummet. People who are dissatisfied with their level of flexibility at work are three times more likely to be looking for a new job.”

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