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'Your brand or business could get CRUSHED': Billionaire Mark Cuban warns bosses to pay workers fairly or risk public backlash | Markets Insider

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'Your brand or business could get CRUSHED': Billionaire Mark Cuban warns bosses to pay workers fairly or risk public backlash

Mark Cuban has warned companies not to overpay their executives at it could spark a fierce public backlash.

"With the run up in stocks and easy fed money for corporations, the public response to out of line or record executive comp could turn UGLY!" the"Shark Tank" star and billionaire owner of the Dallas Mavericks"Particularly if it comes from a company that closed stores, let people go or reduced wages," he added.

In other words, people who have lost their jobs or seen their salaries cut during the pandemic might not take kindly to their bosses getting massive raises or big bonuses. The result could be worker revolts, boycotts, and intense criticism on social media, hurting companies' sales and reputations.

 

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