This is not an issue of efficiency. Most of the software stack upon which these executives’ companies depend was written remotely by distributed teams.
Over dial-up. In the 90s. Using CVS.
We know how to run efficient distributed organizations.
This is a problem primarily with executives who came of age in a marginally digitized world unable to navigate the new fully digital reality.
It is the final form of the pointy-haired boomer boss who looks around his physical desk whenever asked to find an icon “on his desktop.”