Snoozester Sleep Blog

We’ve blogged quite a bit about different tools and methods people use to help them wake up on time, but we haven’t posted much about the consequences of oversleeping. Aside from the toll it can impose on your general well-being, chronic lateness can and does have significant financial consequences. We recently came across an older, but still very relevant USA Today article that discusses just that. The article focuses primarily on lateness in the corporate world. Some highlights:

• If Citigroup CEO Sanford Weill arrives 15 minutes late to a meeting with his four best-paid lieutenants, it costs the company $4,250.
• French executives were late to more meetings than U.S. executives, 65% vs. 60%. Japanese CEOs were the most punctual, late 34% of the time.
• Some companies have meeting rules that involve late fees of up to $5 a minute, but those are most common at companies where the CEO is punctual.

While this article concentrates the mostly on executives and being late, it is easy to see that, no matter where you are on the corporate “totem pole,” lateness can have a significant finanical cost to organizations.