More amusingly, not that long ago my direct boss was denying it was the case, but it was not until recent RTO call that he ( and his boss ) finally admitted something along the lines of 'yeah, we got commercial real estate on our books so like you know, we should do our part'.
So yeah, I am told to subsidize failing real estate without getting anything in return. Won't I think of the poor, poor investment managers and their real estate? Why would I? Do they think about me?
When it comes to gains and profits, the shareholders are supposed to benefit. When it comes to losses and difficulties, the employees are supposed to 'do their part' and shoulder them.
So yeah, I am told to subsidize failing real estate without getting anything in return. Won't I think of the poor, poor investment managers and their real estate? Why would I? Do they think about me?