I totally agree. If you have a task oriented job, working from home is great. More focus, more comfort, more efficiency.
If you are a CEO and need to bounce ideas off of I.T., legal, finance, marketing with highly dynamic environment, definitely need to be in same location. Think war room or command center.
The CEO of a large company will certainly have in-person face time with their senior leadership team (among many others including customers). Their office may also very well not be in the same location as that of many of their first or second level reports.
If you are a CEO and need to bounce ideas off of I.T., legal, finance, marketing with highly dynamic environment, definitely need to be in same location. Think war room or command center.