Why are corporate retreats so extravagant?

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Why are corporate retreats so extravagant?
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  • 📰 TheEconomist
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Whisky tastings, sunrise yoga, mountain­-biking in Norway, skidding up a glacier in Alberta, singing “Kumbaya” around a campfire. Companies’ summer camps have gotten unnecessarily creative

Your columnist, a guest Bartleby, cringes at the idea of PowerPoint presentations followed by role-playing exercises and mandatory games. She prefers to let the ties with her colleagues deepen in organic ways. Still, the executive retreat has become an annual business tradition. The idea is that, by disconnecting employees from their day-to-day routine, companies can build camaraderie and foster creativity. And it has grown in importance.

It used to be barbecues and softball games. Retreats moved things a notch higher in style and expense. Just three months after Steve Jobs left Apple and started another company in 1985, he whisked his employees to Pebble Beach for their first off-site. As corporate psychology boomed in the 1990s, team-building retreats became entrenched. By 2015 Uber was reportedly offering Beyoncé $6m to perform for its employees at a corporate event in Las Vegas .

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