> If you're a C-level at a Fortune 50 company, some massive percentage of your personal assets, if they're invested in the stock market or private equity, are in commercial real estate. > There's no mystery here. People with assets want those assets to remain valuable, and act directly to reinforce it. This is why we don't let athletes bet on their own games.

Wouldn't Leadership's financial incentive be stronger to increase the value of the company rather than "the whole commercial real estate market" that a single company only has a small effect on?

WeWork seems like an obvious exception - but Adam Newmann was self-dealing by renting his own real estate out to his own company. It was a hugely perverse incentive, and I suspect most boards aren't so captured by things like that.