Unreal. Do you have any data whatsoever to back this up? Of course not. It's just a *** blurb. Many excellent companies have very nice headquarters.
He may not but I do. There have been several companies in Silicon Valley that over capitalized on a new HQ and took a big hit on it by not investing in product development as aggressively.
Some of the best examples over the past twenty five years are: Atari, Seeq, AMD, Apple (right after Inifintie Loop was built, the Newton failed and Scully left), Palm (a totally screw up talking a real estate hit) and even eBay. So yes, there is presidence as budgets are moved, groups disrupted into new offices and the turnover resulting from a move.
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