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

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

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

 /  🏆 319. in US

United States United States Latest News, United States United States Headlines

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

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 »