June 17, 2019

Mark Cuban: Entrepreneurs Should Give Stock to All Employees

Executive Director

Mark Cuban, the billionaire entrepreneur who founded two companies and is a regular on the television show Shark Tank, said, "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." Speaking during the Skybridge Alternative conference on May 9, Cuban addressed the issue of increasing inequality of wealth and income, noting that "if someone is only going to be paid by the hour...they're always going to fall behind."

The story ran in the CNBC program Make It, Cuban said that both companies he founded offered stock to all employees, and noted that when one of them, Broadcast.com, was sold to Yahoo in 1999, 300 of its 330 employees became millionaires.