Mark Cuban, chairman and chief executive officer of Axs TV, speaks during the Skybridge Alternatives conference in Las Vegas, Nevada, U.S., on Thursday, May 9, 2019. SALT brings together investors, policy experts, politicians and business leaders to network and share ideas to unlock growth opportunities in finance, economics, entrepreneurship, public policy, technology and philanthropy.
"The biggest issue for entrepreneurs, for capitalists, for those of us who are successful is, if someone is only going to be paid by the hour...they're always going to fall behind," Cuban toldwith Kara Swisher at the 2019 SALT Conference in Las Vegas. "And income distribution is … [the] disparity is going to get wider and wider."
So, said Cuban, "We as entrepreneurs have got to make a point to give stock to everybody that works for us. Period. End of story. No exceptions, because that's the only way people are going to get any type of equity appreciation." If entrepreneurs give their employees an ownership stake in the company, then employees can reap the benefits of its success as the value of the stake grows, said Cuban, often substantially.
Source: News Formal (newsformal.com)
MakeIt Beyond being the right thing, you can't pay people a low wage & then turn around and expect those same folks to 'act like owners.' You, as an owner, get all the upside...you can't expect your employees to work insane hours, weekends, holidays, etc, like you do but not get upside.
MakeIt I bet you pay all the workers at Mavericks Arena by the hour though
MakeIt Job = Just Over Broke
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