Excel for Mac 2016 - Cannot use object linking and embedding

I'm getting an error upon opening even a blank workbook in Excel 2016 for Mac: "Alert: Cannot use object linking and embedding". This error repeats almost every time I interact with any spreadsheet. I've seen advise on how to solve this on a PC by adjusting the "Launching user" in DCOM, but what's the trick for a Mac user? 
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Answer
My "hack" worked so far. I did the search for the file mentioned above. Could not find that exact name but I found this one: com.microsoft.Office365.plist. I then added some text ('blah' in my case) to the end of the file name so I did not delete the file but made it not findable by the program. When I went back into Excel the problem did not reoccur and a new com.microsoft... file is created by virtue of using the program. In other words my faulty "blah" file is there and a new plist file is there and the problem is gone.

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Update el Capitan to the latest version. It solves the problem immediately  

https://support.office.com/en-us/article/Resolve-boot-related-issues-in-Office-2016-for-Mac-El-Capitan-4dc92cb5-57d1-43d3-aec7-6076b0da547f?ui=en-US&rs=en-US&ad=US

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Last updated April 25, 2020 Views 6,740 Applies to: