>My belief is that a lot of the people who get to make these decision like the office, because they don't suffer from the same externalities. In other words, many of the things that make commuting to the office suck ass don't necessarily pertain to the boss.

You have a valid point, but if one way is clearly superior, your competition is going to adopt it and start producing results faster/better. I don't really have a strong opinion on this - I work in manufacturing so remote work is not even an option for me and my team.

Yeah, I wouldn't have problem going to the office if I can afford a penthouse in the city centre, 15 minutes from the office.