Why Executives Give Up the Corner Office

The corner office has long been coveted real estate in the workplace. It affords privacy, often features a window and sends a clear message about status. When you hold the keys to the corner office, you've made it to the top. So why are some CEOs and other executives turning in their keys to private offices and choosing instead to work in more-open and communal spaces? Three workplace leaders explain why they did. About two decades ago, Jonathan Wasserstrum toured the renovated offices of then-New York City Mayor Michael Bloomberg, who wanted to recreate the large, open-office layout he used in his private finance network.