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Mark Cuban has a challenge for CEOs: Give each worker a stake
['Ivana Pino', 'July', 'Min Read']
Yahoo Finance
Billionaire Mark Cuban reveals how the nation's wealthiest can send the elevator back down and help Americans at every income level build wealth.
"I would like to see it so that every single CEO/founder/entrepreneur does what I did, which was to give equity to every single employee," said Cuban.
In keeping with his stance on giving back, Cuban says he paid out bonuses to every employee after each company sale.
He also touched on Elon Musk as a real-life example of what can happen when CEOs give employees a stake in the companies they work for.
"If you own stock in SpaceX, I think Elon created 4,000 millionaires when they went public, and he gives everybody shares of stock in his companies," Cuban said.