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."
MakeIt Our response to the Coronavirus has been pathetic. Need to be much better prepared for the next one. Need competent leadership. Not a cluster fuck
MakeIt Accelerated Change - The strong innovative companies will come out of this even stronger, providing more jobs by solving problems and making worthy contributions to society.
MakeIt Sweet talks ...
MakeIt What is capitalism today millions of Dollar in Wars, football, basketball, wrestling, social media, video, photos and luxury. Any small problem, all this capitalism has no value. Reference COVID 19.
MakeIt Why do you keep endorsing this publicity hound.
MakeIt Companies will get rich protecting humanity from a polluted enviorment and disease !
MakeIt It is painfully obvious our health care system is inadaquete. I pray we learn from this experience. We really need to prepare for the second wave of this crap!! Im republican bro but I really think youre a good dude! Lets not let political get in way of what needs are!!
MakeIt At least someone is being honest that business will not be the same after this pandemic....
MakeIt Flexible factories with 3d printing with engineered designs for critical goods on file that can be executed quickly when and where needed.
MakeIt Who would trust Amerika after this
MakeIt So purge the weak?!?
MakeIt 🔌 🌿☘️🥒🌱🥬🥦🍃🍀
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MakeIt Someone wake him up!!
MakeIt Absolutely mark but trump needs to win again to build it better than ever
MakeIt $TWTR 23.00 LONG Goldman Sachs Group $35pt
MakeIt Now if Trump said THAT you know EXACTLY what would be said in response by the Lefty media.... WHICH, BY THE WAY........ is nothing more than the perfect clone of the Propaganda Ministry set up by Reich Minister Joseph Goebbels Deutschland 1930s
MakeIt No they won't. Empires collapsed because the ruling elite became too far removed from the masses, arrogance , and large amounts of debt. And most of all because they become too far removed from their founding principles. That's USA right now. Hope I'm wrong .
MakeIt lool, is he a 'Prophet' now 🤣🤣🤣
MakeIt We will rebound next year strongly, but there will be winners & losers in short term, no bounce until next year, opportunities exist even in tough times, be ready to spot them ✌️
MakeIt Repeats the same old thing. A highschool statement.
MakeIt I think someone forgot to tell Cuban that April 1st was yesterday.
MakeIt Many things should go to the museum, but the costs of the wars.
MakeIt Agreed
MakeIt Huge opportunities to open up. The race to a great business conferencing app should be starting now.
MakeIt So, how much of his own money has he donated to COVID-19 causes?