Comment by crazygringo

I've worked a place that tried it. It does nothing. It's a random number that nobody cares about. Everyone quickly concludes that running a company is expensive and gets used to that. It's not their money, after all. They don't get to spend the saved money on a fancy lunch or something. It's just more money going into the pockets of owners/investors.

People have meetings because there's a need for a decision that requires conversation, and they're often late because they're coming from other meetings that ran late because they were having difficulty coming to a decision. Awareness of cost doesn't affect these at all. The decisions still need to happen.