The part where he says "There are of course companies that don't require this, but when was the last time they shipped a great new product? It's been a while."

Is he serious? There are plenty of companies shipping great products with people working from home. My own company had 99% of the employees including most lab engineers working from home for the last 2 years. We posted record profits, our stock quadrupled, and won a lot of new customers.