• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

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

2

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

3

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

1

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

2

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

3

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

Capitolis CEO: We lose many great candidates because of our in-office policy—but we are still better for it

By
Gil Mandelzis
Gil Mandelzis
Down Arrow Button Icon
By
Gil Mandelzis
Gil Mandelzis
Down Arrow Button Icon
April 14, 2025, 2:33 PM ET

Gil Mandelzis is founder and CEO of Capitolis, a financial technology company with offices in New York, Tel Aviv, and London.

Capitolis CEO Gil Mandelzis.
Capitolis CEO Gil Mandelzis.courtesy of Capitolis
Add Fortune on Google for similar content.

A leader’s job is to make bold decisions, even when they are unpopular. That’s what happened two years ago when I announced that the staff of Capitolis would be going back to work full-time in our New York and London offices. 

Tech and financial companies have led the return-to-office charge—from Goldman Sachs to more recent campaigns by Amazon’s Andy Jassy and JPMorgan Chase’s Jamie Dimon. I assume many will disagree with my decision, some passionately so. That’s fine. I don’t claim to have found the formula for all companies. But nearly two years in, this much is clear to me: We are simply better when we’re together. 

In-office is not for everyone (and that’s okay)

We lose many candidates because of our policy, and we are okay with that—it says as much in our company values statement that we are not for everyone. Capitolis is a company of more than 150 people and continues to grow. Of the over 10 million people who live in the New York City area, we are looking for those who value and seek full-time, face-to-face work, and we are oversubscribed for every open role we seek to fill. For those who do not buy into working from the office—this is not the right place. However, our business growth, productivity, and 2% undesired turnover last year tell me this is working.

Yet for all our successes, going back to the office full-time was not without friction. I was asked, “Don’t you trust us? We worked hard during the pandemic, and it worked.” I was warned we would fail to attract millennial or Gen Z employees who value work-life balance, and that we would struggle to compete with firms offering flexible work policies. I understand the desire to avoid commuting, or even putting on pants, and I get that many people can work efficiently from home. I carefully considered these arguments. I had the opportunity to try the work-from-home magic pill, and I am not buying.

Learning happens through osmosis

In my decades working in the office, I have seen the value of human interaction in bringing out everyone’s best. Every single day, there are countless chance encounters with other people in the company, with clients, impromptu meetings and conversations, spontaneous ideas that arise. There is a buzz, an energy, that can’t be felt on Zoom; it is a good backup, but virtual meetings are linear, timed, restrictive, and not at all organic.

Face-to-face encounters lead to conversations, which lead to relationships—and which build powerful teams. Newer, junior employees miss out on learning opportunities from more experienced team members when they’re not physically present in meetings, listening to conversations, watching how more seasoned players do what they do. Mentorships form organically when people connect. In person.

We’re simply better when we’re together

When COVID-19 thrust remote work upon us, we managed to do very well—many companies did. But we are not in a pandemic. And evidence suggests during that work-from-home period, hours worked increased while output and productivity declined, and employees networked with fewer individuals and teams.

Many jobs can be done from your kitchen table. But to me, the cost of not being in the same physical space is too high. You can do well. You can even do great. But you will never max out your potential to be as great as you can possibly be. That is what I strive for, together with my colleagues and partners at Capitolis. I’m not talking about individual efficiency but aiming for greatness as a team. 

Read more from Fortune

  • This entrepreneurial couple cashed out their 401(k)s and sold a $126 million company—now, they run a U.K. soccer team
  • Trump’s 25% tariffs are backfiring and threatening Gen Z’s trade career aspirations—putting car manufacturing jobs in peril
  • Gen Z women are being sold a risky dream: the realities behind ‘investing’ in designer bags like the Hermès Birkin
  • Like Tim Cook and Gen Z, AEG’s top exec eats the same lunch most days and wears the same outfit
  • Warren Buffett reveals the unique education strategy he took in school—and eventually paid off with a $170 billion fortune
  •  

    At our stage of hyper-growth and rapid product development, we need to be maxing out together. When you are at home, your colleagues are not nearly as good as they could be. I know I am not as good. The smartest superstar in the world working remote is less valuable to me than someone I can talk to on my way to the office kitchen.

    We support parents in taking their kids to the doctor, taking off or working from home to attend parent-teacher conferences, or their kids’ sporting events and other celebrations. That has been the policy at all my companies for the last 25 years, well before hybrid work entered the zeitgeist. But on most days, I need for people to be in the office: collaborating, team building, holding one another accountable, and pushing each other to be better. 

    If, like me, (and like so many business leaders I talk to), you want your teams in the office, I strongly suggest you pursue it. Don’t be afraid: make the tough decision. You may lose some people, but you will find others, and they will be the right ones. And chances are, you will be much, much better off working all together. I know we are at Capitolis.

    The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

    Read more:

    • Zillow exec says ‘remote work isn’t a perk, it’s a business strategy’
    • I’m a CEO and former Google exec who spent decades in the office. Here’s why I’m conflicted about return to office vs. remote-first
    • RTO mandates aren’t for everyone. Here’s what we did instead—and it’s working: Synchrony CEO
    • Stop romanticizing in-office watercooler talk. As a fully distributed company of 12,000 people, here’s what really works
    About the Author
    By Gil Mandelzis
    See full bioRight Arrow Button Icon
    Add Fortune on Google for similar content.

    Latest in Commentary

    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025

    Most Popular

    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Finance
    Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
    By Fortune Editors
    October 20, 2025
    Fortune Secondary Logo
    Rankings
    • 100 Best Companies
    • Fortune 500
    • Global 500
    • Fortune 500 Europe
    • Most Powerful Women
    • World's Most Admired Companies
    • See All Rankings
    • Lists Calendar
    Sections
    • Finance
    • Fortune Crypto
    • Features
    • Leadership
    • Health
    • Commentary
    • Success
    • Retail
    • Mpw
    • Tech
    • Lifestyle
    • CEO Initiative
    • Asia
    • Politics
    • Conferences
    • Europe
    • Newsletters
    • Personal Finance
    • Environment
    • Magazine
    • Education
    Customer Support
    • Frequently Asked Questions
    • Customer Service Portal
    • Privacy Policy
    • Terms Of Use
    • Single Issues For Purchase
    • International Print
    Commercial Services
    • Advertising
    • Fortune Brand Studio
    • Fortune Analytics
    • Fortune Conferences
    • Business Development
    • Group Subscriptions
    About Us
    • About Us
    • Press Center
    • Work At Fortune
    • Terms And Conditions
    • Site Map
    • About Us
    • Press Center
    • Work At Fortune
    • Terms And Conditions
    • Site Map
    • Facebook icon
    • Twitter icon
    • LinkedIn icon
    • Instagram icon
    • Pinterest icon

    Latest in Commentary

    surman
    CommentaryMozilla
    Mozilla President: meet the open source ‘rebel alliance’ that could break Big Tech’s grip on AI
    By Mark SurmanJune 29, 2026
    11 hours ago
    wendy
    Commentary250 Years of Innovation
    Wendy Schmidt: Three centuries of science is something to celebrate
    By Wendy SchmidtJune 29, 2026
    12 hours ago
    a
    Commentary250 Years of Innovation
    Atomic Industries CEO: America spent 60 years retreating from manufacturing. The next 100 are about building it back
    By Aaron SlodovJune 29, 2026
    12 hours ago
    Sofia
    CommentaryLeadership
    This CEO became 3x more productive with AI. Then she read what her daughter wrote about it at Dartmouth
    By Maria Colacurcio and Sofia FreiJune 28, 2026
    1 day ago
    Anthony Scaramucci
    Commentary250 Years of Innovation
    Anthony Scaramucci on America 250: where have you gone, Joe DiMaggio?
    By Anthony ScaramucciJune 28, 2026
    2 days ago
    family
    CommentaryColleges and Universities
    More than 3 million college students are raising kids. Most won’t graduate
    By Enyi OkebugwuJune 28, 2026
    2 days ago

    Most Popular

    MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
    Success
    MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
    By Sydney LakeJune 25, 2026
    5 days ago
    Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
    Success
    Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
    By Sydney LakeJune 29, 2026
    7 hours ago
    Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
    Success
    Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
    By Preston ForeJune 27, 2026
    2 days ago
    The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
    Environment
    The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
    By Catherina GioinoJune 28, 2026
    2 days ago
    Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
    Success
    Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
    By Preston ForeJune 28, 2026
    1 day ago
    Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
    Success
    Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
    By Orianna Rosa RoyleJune 28, 2026
    1 day ago

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.