Business
Citigroup Gives Employees Two Weeks of Remote Work in August

Citigroup is doubling down on its hybrid work policy by giving most of its 229,000-person workforce a remote summer perk.
According to a leaked memo sent to employees on Monday, obtained by Business Insider, Citigroup is giving its hybrid employees the option to work remotely for any two weeks of their choosing in August. Most Citigroup staff are hybrid and work in the office at least three days a week, with only traders and bank branch staff expected to work in person five days a week.
Citigroup’s Chief Human Resources Officer, Sara Wechter, sent the memo, which noted that the perk was part of the bank’s commitment to flexibility and its hybrid work policy.
Related: Citigroup Mistakenly Credited a Customer with $81 Trillion Instead of $280: ‘Inputting Error’
“Our hybrid work model helps us attract and retain top talent and sets us apart from other companies in our industry — and we remain committed to this model,” Wechter wrote.
Wechter added that the bank chose August “because it is traditionally a quieter time for our businesses and clients, when many are already out of the office due to vacations.”
Citigroup CEO Jane Fraser. Photo by John Lamparski/Getty Images
Citigroup last gave employees the option to work remotely for two weeks during the summer in August 2022. The bank has also offered two weeks of remote work every December since 2022.
Employees must work remotely from a location where they have a legal right to work, so this isn’t a “work from anywhere” arrangement.
While Citigroup reinforces its commitment to hybrid work, other banks are pushing for a return to the office. JPMorgan required most of its employees to work fully from the office starting in March, while Goldman Sachs has required it since 2021.
Related: Citigroup Eliminated More Jobs This Week. Here’s Which Roles Were Affected.
Citigroup CEO Jane Fraser has long been a proponent of flexible work. She opted to work part-time as a partner at McKinsey after having her first child, an arrangement she maintained until she departed McKinsey for Citigroup in 2004.
As the first woman to lead a major U.S. bank, Fraser has led a multi-year effort to transform Citigroup by updating its technology and encouraging work-life balance. Since becoming Citigroup CEO in March 2021, Fraser has emphasized that hybrid work was here to stay at the bank.
In March 2021, she created Zoom-Free Fridays at the bank so that employees were not required to take video calls on Fridays. She additionally urged employees to take their vacation time and keep work to standard working hours.
In January, Fraser told directors on a quarterly call that the bank’s hybrid work policy gave it an advantage in recruiting new talent and that the policy would continue.
Related: Here’s How Much 8 CEOs Made in 2024, From JPMorgan’s Jamie Dimon to Disney’s Bob Iger
Citigroup is doubling down on its hybrid work policy by giving most of its 229,000-person workforce a remote summer perk.
According to a leaked memo sent to employees on Monday, obtained by Business Insider, Citigroup is giving its hybrid employees the option to work remotely for any two weeks of their choosing in August. Most Citigroup staff are hybrid and work in the office at least three days a week, with only traders and bank branch staff expected to work in person five days a week.
Citigroup’s Chief Human Resources Officer, Sara Wechter, sent the memo, which noted that the perk was part of the bank’s commitment to flexibility and its hybrid work policy.
The rest of this article is locked.
Join Entrepreneur+ today for access.

A blog which focuses on business, Networth, Technology, Entrepreneurship, Self Improvement, Celebrities, Top Lists, Travelling, Health, and lifestyle. A source that provides you with each and every top piece of information about the world. We cover various different topics.
Business
The Cost of Supercommuting: Way More Than Just Gas Money

A typical supercommuter spends 60–90 minutes or more one way commuting to work or school. As the cost of living continues to outpace wage growth, supercommuting is growing in popularity. According to a recent U.S. Census Bureau report, an estimated 5 million people are now supercommuters—up from roughly 3.42 million in 2012.
I hate long commutes. Taking the bus or driving to work was one of my top three annoyances while I was employed.
When I retired in 2012, one of the greatest joys was never having to commute again. Getting back that time, energy, and mental clarity was a truly lifestyle-enhancing benefit of retirement. Then, when the pandemic hit in 2020, millions around the world got to experience that same freedom. Is there any wonder why it’s been so hard to convince workers to go back to the office?
In this post, I want to highlight the hidden toll of supercommuting to work or school. Sure, you’ll spend more on gas if you drive. But that’s just the beginning. So before you buy a more affordable home in exchange for a longer commute, be forewarned: the trade-offs may not be worth it.
Table of Contents
My Experience With Supercommuting
After deciding not to pony up a small fortune for a vacation rental in Honolulu, I opted for my family of four to stay with my parents for up to five weeks. They have three free bedrooms in their five-bedroom house, and it’s a home I’ve returned to for 39 years. It feels comfortable to me, but not to all.
Some of you thought this was a good way to save money. Others—mostly women—said it was cruel to subject my wife to such confinement for so long. I get it. Staying with your in-laws for more than a few days is a lot to ask, especially without en suite bathrooms or separate kitchens and entrances. And not everybody likes to be in Hawaii during the summer heat.
Still, the cheapest suitable three-bedroom rental I could find cost $16,000 after taxes and fees. A nothing fancy four-bedroom rental, without a pool, which we liked, was $24,000. After owning real estate since 2003, I just can’t bring myself to spend that much on a temporary stay that builds no equity.
To find a compromise, we stayed at my aunt and uncle’s place on the North Shore—up to 1.5 hours away—after 13 days with my parents, to give both my wife and mom a break for nine days. It gave me a break too as I could return to living without worry of doing things in a way that would displease my mom, e.g. cut fruit on the right side of the sink instead of the left.
The kids were happy wherever they were, so everyone won, well, except for me who had to drive ~2.5 more hours a day for five days.
The False Start
We picked up our kids at 4:55 p.m. Friday from summer school at Punahou to head to Laie for the weekend. All was well—until six minutes in, our five-year-old daughter announced she had to pee. I turned around and went back to school so she wouldn’t have to hold it.
Had we been commuting from my parents’ house, just eight minutes away, I would’ve just kept driving. That’s one unexpected cost of supercommuting—having to manage bodily functions mid-ride. Most adults can uncomfortably hold it for an hour or two. But kids? Not so much.
We finally arrived in Laie an hour and 25 minutes later. The kids napped for 35 minutes, so the trip felt like a breeze to them. Although I was tired, I was also excited to enjoy the freedom of having our own space again.

The Monday Morning Supercommute
After a fun weekend filled with Pokémon Go Fest, Giovanni’s garlic shrimp, and beach walks, reality returned Monday morning.
I passed out by 10 p.m. Sunday after putting the kids down by 9:20. I woke up at 2:45 a.m. to get a head start on publishing a new post, responding to comments, and going for a morning walk on the beach.
The kids woke up at 6:30 a.m., and we left by 6:55 to make it to school by 8. Back in Honolulu, we usually leave at 7:40, so the earlier start was a shock for my wife and daughter, who aren’t morning people.
Right away, I could tell the drive would take longer than expected. We were stuck behind a gasoline tanker on a single-lane road for about 15 miles, averaging just 32 mph instead of the usual 40–45.
About 45 minutes in, I got a text from my wife thanking me for the ride and the peace and quiet. At a stop light, I couldn’t help replying with a GPS screenshot to show where we were—7 minutes behind schedule. Usually, the GPS arrival time was conservative and easy to beat.
But then I made a mistake. I resumed driving while glancing at the screenshot I had sent her instead of the live Apple Maps. That brain fart cost us another 11 minutes. Instead of arriving at 8:05 a.m., we got to school at 8:16. Ugh—I hate being late.

A Place To Hang Out Made Supercommuting More Manageable
At first, I thought I’d just hang out at the beach or mall all day before picking the kids up at 4:55 p.m. My wife also wanted me to pick up some groceries. No problem. There was no way I was going to drive 1.15 hours back to Laie after drop off and then do it again in the afternoon. I figured I’d nap in the car under a banyan tree if I had to.
Then I remembered my parents’ house was only 8 minutes farther. I could write, rest, and manage the renovation of an in-law unit I was working on. Having a home base made the day much more manageable. If I had to also work a full-time job during that commute, I would’ve been completely wiped.
In fact, after dropping off the kids, I spent the day in the city writing a post, recording a solo podcast episode, talking to my parents, grabbing lunch, and squeezing in a quick 15-minute nap.
Then I dealt with the handyman, swung by Whole Foods for groceries, and picked up the kids at 4:55 p.m. The day flew by—and by the end of it, the thought of driving 1 hour and 15 minutes back to Laie was the last thing I wanted to do.
The Next Day of Supercommuting (Good Then Bad)
By the second day of supercommuting, I felt more confident. I knew the route better and had learned from my mistakes. I got the kids to school 10 minutes early and shaved 20 minutes off the drive. It felt like a small win. But of course, good things never last.
When I arrived at my parents’ house—another 10 minutes from school—the plumbers had already shown up early. Then, 30 minutes later, the handyman arrived. In total, I spent nine hours managing five different workers trying to fix up our long-neglected in-law unit. I hate remodeling and swore to never do so again. But here I was, like a masochist, doing it again while I was supposed to be on vacation. If I didn’t lead the charge, nobody would, as the place has been neglected for over five years.
To make the most of the downtime, I brought my laptop outside and worked on a new post. But with the sun blazing and temps hitting 85 degrees, I was drained by mid-afternoon.
By 4:40 p.m., all I wanted to do was lie down in an air-conditioned room and take a nap. But no such luxury. I had to hop back in the car, drive 10 minutes through rush hour to pick up the kids, then endure another 1 hour and 10 minutes back to Laie.
My zest for life? Gone. After 10 minutes of small talk with the kids about their day, I turned on some music and just listened like a zombie. I didn’t have the energy to keep the conversation going.
By the time we got home, I was toast—just a tired, slightly grumpy dad who wanted nothing more than to kick back and crack open a cold beer.
Positive Thoughts To Gut On Through
Even though I was commuting about 2.5 hours extra a day, I told myself it was worth it—for my wife’s sanity, my mom’s peace, and even my kids’ resilience. Maybe the longer commute would build their endurance and teach them the value of waking up early.
Perhaps most importantly, my wife appreciated the effort I put in to make her happy. Judging by her FaceTime calls from the beach, she definitely seemed more relaxed and content! With appreciation, I’m happy to keep on supercommuting.
As a father, you do what you can to provide. A little extra effort plus some problem-solving goes a long way to making a suboptimal situation better. Got to think positive!
Besides, knowing the supercommuting stint was temporary made it tolerable. My kids had Friday off for the 4th of July, so I only had to supercommute for four days—a total of ~11 hours of additional driving.
The Hidden Costs of Supercommuting
At first glance, supercommuting might seem like a reasonable trade-off. Save 20–60% on housing and spend an extra two hours and thirty minutes commuting a day? Maybe not so bad, especially if the median home price is above $1 million.
But in addition to hundreds more in gas and transit costs each month, here are other downsides:
- Increased risk of injury or death – More time on the road means more exposure to accidents, especially when driving with kids. I literally saw a car on a residential street near my parent’s house flip upside-down because it got t-boned at an intersection. One of the cars didn’t stop at the stop sign.
- Higher stress and cortisol levels – Bad drivers, traffic jams, and road rage add up, draining your emotional reserves for the day and evening. You might end up developing chronic pain, raise your stress levels, and ultimately, shorten your lifespan as a result.
- Wear and tear on your vehicle – More miles mean more maintenance, especially if your car isn’t ultra-reliable. For example, changing four tires on my Range Rover sport costs $1,650, and they only last about 16,000 – 18,000 miles.
- Greater chance of getting tickets – From parking mistakes to speeding tickets, increased driving time raises your chances of infractions. In turn, your car insurance premiums could go up.
- Reduced happiness and harmony with your significant other – Long commutes drain your energy and patience, which means by the time you get home, you might be more irritable, checked out, or just plain exhausted. Small disagreements can flare up more easily when one or both of you are running on fumes. Over time, the emotional toll of being physically distant and mentally unavailable adds up.
If You Are Going To Regularly Supercommute
If you plan to supercommute regularly, two things are imperative: a safe, reliable car and life insurance.
My wife and I have matching 20-year term life insurance policies, which have provided tremendous peace of mind. I recommend locking in an affordable policy through Policygenius to cover your debts and protect your children until they become adults.
Here in Honolulu, however, we don’t have what I’d consider a safe-enough car for long-term supercommuting. We’re using my dad’s 1997 Toyota Avalon. While it’s a nostalgic beast, it has poor acceleration for evasive driving, a wobbly axle, shaky brakes above 45 mph, no side curtain or rear airbags, no blind spot detectors, no sensors, and no rear camera. I’m not even sure the front airbags work—my guess is they haven’t been replaced since he bought the car.
As a result, I drive slowly and try to stay extra alert. The one saving grace is that the speed limits between the North Shore and Honolulu are relatively low—35 mph on the single-lane “highway” and 50 mph on the main freeways. So it’s not like mainland highways where people routinely push 70–85 mph.
If we return to this same living and commuting arrangement again, I plan to rent a new car. It’ll not only be safer, but it’ll also free up my dad to run errands during the week with his own 28-year-old car. A win-win.
Final Thoughts on Supercommuting
Supercommuting might seem like a smart financial move, especially when housing near work is unaffordable. But before you commit, look beyond the savings. Living in a smaller house or apartment to save time commuting is my preference .
Every hour on the road is an hour not spent with your loved ones. Every stressful drive takes a toll on your mood, focus, and health. And every unexpected delay chips away at your patience—especially when you’re juggling the demands of family life and work.
For me, those long drives were about more than transportation. They were about making a tough situation work, even if only temporarily.
If you’re going to supercommute, have a plan. Know your timeline. Understand your reasons. And make sure the trade-off is truly worth it. Because in the end, a cheaper home isn’t worth it if it leaves you drained and hating life.
The Value of a Well-Located Home
Personally, a comparable home would need to be at least 75% cheaper to justify adding two extra hours of commuting each day. And even then, I’m not sure the trade-off would be worth the toll on my time, energy, and well-being. The time I get to spend with my kids after school is simply too precious to sacrifice.
If you live within 15 minutes of both your work and your children’s school, consider yourself fortunate. While remote work surged during the pandemic, in-person collaboration has made a strong comeback. As a result, well-located homes in job-centric cities—especially where supply is constrained—may outperform in the future.
When my children’s school moved in 2024, our drop-off time shrank from 15 minutes to just 8. That may not sound like much, but it’s been a noticeable quality-of-life upgrade. Now, if I need to swing by school to drop off lunch or attend an event, it’s a quick and easy trip.
Of course, if I had to commute downtown daily, the drive would stretch to around 25 minutes, or 25 minutes by MUNI, including walking to the station—just beyond my ideal maximum for a work commute. Fortunately, we don’t have to go into an office anymore. And for that, I’m especially grateful.
Readers, are any of you supercommuters? If so, how do you make the long transportation time more bearable? Are there any unexpected benefits to supercommuting beyond saving on housing costs or being closer to family or a better school? I’d love to hear your strategies and insights.
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Business
Barbara Corcoran Retains Staff With Wild Perks, No Turnover

Barbara Corcoran, the 76-year-old founder of the real estate firm The Corcoran Group, claims to have created a work environment where there was “no turnover.”
In an Instagram post shared with her 1.2 million followers on Monday, Corcoran outlined the “crazy things” she would do to keep her staff happy. For example, Corcoran would bus hundreds of agents to the country for midweek picnics, each with its own memorable feature, like a 60-foot-tall hot air balloon or a 5,000-pound elephant offering safari rides.
Related: Barbara Corcoran Needed to Make Job Cuts. Here’s Why She Fired Her Mom First.
She would also provide babysitters for employees who wanted to bring their kids to work and offered plenty of office perks, like yoga classes, free lunches, and massages.
Corcoran recognized top performers by giving gold ribbons to anyone who closed a million-dollar sale, and gave one of her top brokers a Bentley with the license plate “SOLD1” to highlight her stellar performance in front of the whole company.
She additionally claims to have thrown “the wildest parties in town” for her employees, complete with their own “wacky” themes — and dressing up was mandatory.
The end result of these initiatives? People were “lining up” for jobs at The Corcoran Group, and Corcoran didn’t have to advertise new job openings. There was also zero turnover; employees chose to stay.
Related: ‘Do You Know What a First Class Ticket Costs?’ Why Barbara Corcoran Flies Coach
“People are most creative when they’re having fun, and we had more of that than anyone else,” Corcoran wrote in the post. “I stopped advertising to hire because people were lining up to work at The Corcoran Group! Fun builds loyalty, and we had no turnover.”
Corcoran founded The Corcoran Group in 1973 with just $1,000 and seven agents. By the time she sold the brokerage firm for close to $70 million in 2001, the team had grown to encompass 700 employees.
Corcoran also noted in an Instagram video in March that she is “the best boss” she has ever met because she follows a simple principle: She works for whoever works for her. In other words, she works for her employees, and her perspective is always tied to what she can do for them.
“I shower my people with anything they need selflessly,” Corcoran said in the video, adding later that, “I don’t think anyone could be a better boss than me.”
Corcoran is now an original cast member of “Shark Tank.” She has appeared on the show for 16 seasons and made more than 650 deals. She makes about $4.5 million a year from her investments, including profits from deals from the show.
Barbara Corcoran, the 76-year-old founder of the real estate firm The Corcoran Group, claims to have created a work environment where there was “no turnover.”
In an Instagram post shared with her 1.2 million followers on Monday, Corcoran outlined the “crazy things” she would do to keep her staff happy. For example, Corcoran would bus hundreds of agents to the country for midweek picnics, each with its own memorable feature, like a 60-foot-tall hot air balloon or a 5,000-pound elephant offering safari rides.
Related: Barbara Corcoran Needed to Make Job Cuts. Here’s Why She Fired Her Mom First.
The rest of this article is locked.
Join Entrepreneur+ today for access.

A blog which focuses on business, Networth, Technology, Entrepreneurship, Self Improvement, Celebrities, Top Lists, Travelling, Health, and lifestyle. A source that provides you with each and every top piece of information about the world. We cover various different topics.
Business
How to Turn Summer Travel into More Business and Less Taxes

Opinions expressed by Entrepreneur contributors are their own.
According to a recent Bankrate survey, fewer than half of Americans plan to travel this summer. Among those staying home, most cite cost as the main reason.
That’s a missed opportunity.
Travel isn’t just a luxury — it’s a strategic tool. For entrepreneurs, stepping outside the day-to-day grind creates space to think creatively, meet new people and gain the fresh perspective that fuels innovation. One good conversation or idea sparked on the road could become your next big business move.
Here’s the best part: if you’re strategic, you can align your travel with your business goals — and potentially write off a portion of the cost. The IRS allows business owners to deduct legitimate business-related travel expenses. With the right planning, your summer getaway can double as a business trip that moves your company forward.
Related: A Business Owner’s Guide to Maximizing Summer Profits
Table of Contents
Travel with purpose
Making the primary purpose of your trip business-related doesn’t mean you have to spend your days in meetings. For travel within the U.S., the IRS allows deductions as long as more than half of a standard workday (four or more hours) is spent on qualified business activities.
That could include meeting with clients, scouting investment properties, researching a new market, or connecting with potential partners. The key is intention and documentation.
If you’re in the 32% tax bracket, treating your travel as a legitimate business expense can result in a 32% “discount” via tax savings. That’s not a loophole—it’s a smart use of existing tax code designed to support business growth.
Take one of my clients, for example. He built a vacation around scouting real estate deals in New Mexico, a place he already loved visiting. The trip saved him around $3,000 in taxes—and even better, it led to a property deal that eventually earned him over $1 million in profit.
What qualifies as deductible business travel?
The IRS has clear rules on what counts as a deductible business expense. Common eligible expenses include:
- Airfare, train fare, or mileage to and from your destination
- Hotel or lodging costs
- Ground transportation (Uber, taxis, car rentals, airport transfers)
- Baggage fees
- Laundry or dry cleaning during the trip
- 50% of non-entertainment meal costs
To qualify, expenses must meet four basic criteria:
- Business purpose: There must be a clear business reason for the trip.
- Ordinary and necessary: It should be a typical and reasonable expense in your line of work.
- Directly related to business: The activity must advance or support your business.
- Properly documented: Keep records—receipts, dates, contacts, meeting notes, and outcomes.
If your spouse or children are active in the business and perform meaningful work during the trip, their expenses may also be deductible. For example, if your spouse is a co-owner or your children help with content creation, marketing or research, their travel may be part of your business plan — if documented correctly.
Related: How Smart Entrepreneurs Turn Mid-Year Tax Reviews Into Long-Term Financial Wins
Work with a trusted advisor
Blending business and personal expenses adds complexity to your tax situation. A tax advisor who specializes in entrepreneurs can help ensure your strategy is sound and legally compliant. The goal isn’t just to deduct travel. It’s to structure your business in a way that supports growth and lowers your tax liability year-round.
Final thoughts
Before you book your next trip, ask: How could this support my business?
Maybe it’s an investment scouting trip. Maybe it’s reconnecting with a client in a new market. Maybe it’s simply taking space to think clearly and plan your next move.
When you approach travel with intention, the possibilities multiply. That break you’ve been craving could be the catalyst for your next revenue stream or expansion play—and with a smart tax strategy, the IRS could help fund it.
If you love where you’re traveling, why not plant business roots there? You’ll have a reason to return—on another deductible trip—with even more upside next time.
Because when travel helps you grow your business and lower your tax bill, the real question isn’t whether you can afford to travel—
It’s whether you can afford not to.
According to a recent Bankrate survey, fewer than half of Americans plan to travel this summer. Among those staying home, most cite cost as the main reason.
That’s a missed opportunity.
Travel isn’t just a luxury — it’s a strategic tool. For entrepreneurs, stepping outside the day-to-day grind creates space to think creatively, meet new people and gain the fresh perspective that fuels innovation. One good conversation or idea sparked on the road could become your next big business move.
The rest of this article is locked.
Join Entrepreneur+ today for access.

A blog which focuses on business, Networth, Technology, Entrepreneurship, Self Improvement, Celebrities, Top Lists, Travelling, Health, and lifestyle. A source that provides you with each and every top piece of information about the world. We cover various different topics.
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