Mark Cuban: America's economy will rebuild, 'world-changing companies' will be launched in coronavirus aftermath. (via CNBCMakeIt)
from the 2002-2003 SARS epidemic to become one of the world's biggest e-commerce companies.
And, while eventually pulling the economy out of a likely recession will offer businesses and entrepreneurs a "chance for a reset," Cuban added, the billionaire businessman and star of ABC's "Shark Tank" also feels it will be necessary to be "smarter capitalists" by giving employees more of a stake in their companies' success.
"We can start to learn from our mistakes and say we need to have our employees participate more so that when we build back up or when we grow, then everybody can participate," Cuban said. "I'm a big believer that every company — I've done this with my start-ups, every company I've started — and every employee should have stock and ownership in their company."
Here, Cuban is echoing a stance he's championed since well before the coronavirus pandemic reshaped the future of the global economy. In fact, Cuban has always been a believer thatto employees is the best way for avowed capitalists such as himself to address income inequality. "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 said in a"We as entrepreneurs have got to make a point to give stock to everybody that works for us. Period. End of story."
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