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Billionaire Lord Sugar slams remote during “virtual” BBC interview

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Lord Alan Sugar has made headlines for his strong opposition to remote work, even though he himself was participating in a remote interview with the BBC.

Despite the controversy surrounding his comments, many work experts find merit in some of his arguments.

Sugar’s anti-remote-work views gained attention when he shared them from a remote location, sparking a viral response on TikTok.

Sugar expressed his reservations about remote work, emphasizing that “you don’t learn sitting at home in your pajamas.”

He went on to state that he believes remote work is detrimental to morale and learning, asserting, “I know I learn from being with other people in an office.”

Business sentiment

While Lord Sugar’s stance may be more provocative than most, his sentiments are not uncommon, particularly among older and more established business figures.

Citadel CEO Ken Griffin has described working remotely as a “grave mistake,” suggesting that it could make it easier for employers to dismiss employees due to a lack of personal familiarity.

Goldman Sachs CEO David Solomon referred to remote work as an “aberration,” while JPMorgan Chase’s Jamie Dimon suggested that remote workers at his bank should consider working elsewhere.

Tesla’s Elon Musk went even further, claiming that remote employees are merely pretending to work.

Skill based

Nonetheless, there is some validity to the argument that in-person work can be crucial for early-career professionals.

Many tasks and skills are better acquired through direct interaction with managers, and numerous employees admit to being more productive when working in the office.

The balance of pros and cons often leads to the conclusion that a hybrid work arrangement, led by employees’ preferences, is the most effective approach. This is why rigid return-to-office mandates, with no flexibility, are generally met with resistance.

Remote interview

However, Lord Sugar’s critique has been met with accusations of hypocrisy due to his remote participation in the BBC interview.

Critics have pointed out the contradiction in his stance, as he criticized remote work while embracing the freedom and flexibility it offers him to work from different countries and time zones. A representative for Sugar explained that he participated remotely because he was “out of the country.”

Responses on social media platforms like Twitter and TikTok highlighted the perceived inconsistency in Sugar’s comments.

Some users questioned whether he could set such terms for his own employees, given his stance, while others pointed out that owning multiple offices in London might indicate bias.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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