Moving to DC is to have meetings all day long with political party members, wine and dine with government lobbyists off the record, back scratching, back room deals off the record likely the most important aspect, etc...
It makes more sense for a defense contractor like Boeing to have a substantial office (if not their HQ) in DC given the Pentagon and all the program offices in the area. Especially since lobbying is the only way they can get business, not by the quality of their work. For non defense/intelligence contractors it makes much less sense to be in that area other than a small office at most.
It mirrors the absolutist monarchy of Louis 14, where courtiers needed to be available for his lavish feasts (and couldn't be elsewhere to plot on their own)
Right, I thought we couldn't get any work done unless we are in the office? How is Elon Musk able to run 4 companies and the Department of Government Efficiency?
I was told that being a CEO was much harder and longer hours than a normal employee and that justifies their salary. But if CEOs work 80 hours a week at their company like I was told it would be physically impossible for a CEO to run multiple companies and a government office at the same time?
Don’t forget he’s also a top player in Path of Exile 2 hardcore league - a feat that requires playing around the clock. He’s so good at gaming that he was playing it while at the inauguration without needing a computer.
This. If the timing were different, I'd agree with the "slow day" sentiment.
But, given we're not two weeks out of inauguration, it's a signal that at least some oligarchs are convinced that physical proximity to Trump will help them achieve their Machiavellian ends. It will be interesting to see who else follows along. Bezos has had a place here for a while.
It's a good time to be a realtor who specializes in Kalorama, that's for sure.
He probably does. Or at least I assume a furnished apartment is always available. Buying "property" (and I assume in Zuckerberg terms, that means a large home or a piece of land) implies a more substantial investment and possibly a commitment to spend a much larger percentage of his time in DC.
I feel like this is a damning statement this about the current political environment. Someone like Zuck thinks it is a useful to his company if he spends a significant amount of time away from it in DC dealing with political things. I'd imagine most people would agree that CEOs should be focused on the act of running their businesses rather than managing political situations.
Readit News
"It’s never a good sign when CEOs think they must literally live in DC to successfully run their businesses."
https://bsky.app/profile/prchovanec.bsky.social/post/3lgv2lj...
Dead Comment
I was told that being a CEO was much harder and longer hours than a normal employee and that justifies their salary. But if CEOs work 80 hours a week at their company like I was told it would be physically impossible for a CEO to run multiple companies and a government office at the same time?
This sends a signal, and could hint at things to come.
But, given we're not two weeks out of inauguration, it's a signal that at least some oligarchs are convinced that physical proximity to Trump will help them achieve their Machiavellian ends. It will be interesting to see who else follows along. Bezos has had a place here for a while.
It's a good time to be a realtor who specializes in Kalorama, that's for sure.