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Mark Cuban turned 91% of his employees into millionaires when he sold a company for $5.7 billion

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When Mark Cuban sells a company, he pays bonuses to employees who’ve worked for more than a year, he says — turning some of them into millionaires.

sells a business, he always sets aside some of the proceeds for one specific purpose: divvying it up among the company's employees.

Cuban did something similar upon selling his majority stakes in HDNet, now known as AXS TV, in 2019 and the NBA's Dallas Mavericks last year, he wrote in his post."And only HDNet had any layoffs right after the sale," he added.

 

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Mark Cuban turned 91% of his employees into millionaires when he sold a company for $5.7 billionWhen Mark Cuban sells a company, he pays bonuses to employees who've worked for more than a year, he says — turning some of them into millionaires.
Source: CNBC - 🏆 12. / 72 Read more »