Besides enjoying a shorter commute, living close to the office may allow CEOs to boost ties with employees and the firm's bottom line
What is the impact of having a CEO who lives closer to their office on the work environment, employee productivity and firm profitability?
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Be it offering more career development opportunities, better work-life balance or bigger bonuses, companies are constantly experimenting with ways to boost employee morale and improve the work environment. Prior research shows that 84 percent of US executives believe their firms must strive to improve corporate culture, with 92 percent reckoning that achieving this would help increase company value.
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