News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

'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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pakistan all-rounder Shahid afridi says he has tested positive for coronavirusinpakistan

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Cuban and Andrew Yang debate the best ways to rebuild America - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. BREAKING WHO says coronavirus situation 'worsening' worldwide COVID19.. You aren’t rebuilding anything with the 2nd wave of COVID-19 on the horizon. Mark and Yang have money to give? Great.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mark Zuckerberg 'deeply shaken and disgusted' by Trump's comments - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. And....? Do something about it. It is EXTREMELY offensive. Positive vibes from Canada 🇨🇦 icecube
Source: BusinessInsider - 🏆 729. / 51 Read more »