Mark Cuban calls for rules on government aid to companies

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cnbc “If we are going to bail out companies we need to make sure all employees benefit from a turnaround, not just execs,” Mark Cuban said this week.⁠
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The billionaire tweeted that any government assistance used by companies to pay executives — including equity or re-pricing existing stock options — should not be allowed unless all employees benefit. Cuban added that “this would be a step toward income equality.”⁠

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“If we are going to bail out companies we need to make sure all employees benefit from a turnaround, not just execs,” Mark Cuban said this week.⁠ ⁠ The billionaire tweeted that any government assistance used by companies to pay executives — including equity or re-pricing existing stock options — should not be allowed unless all employees benefit. Cuban added that “this would be a step toward income equality.”⁠ ⁠ The calls for major assistance to large companies from the federal government have risen as the coronavirus pandemic has hit the U.S. and blunted economic growth. Cuban who owns the NBA’s Dallas Mavericks, said he would “put together a program” for the team’s hourly employees after the league suspended its season due to the coronavirus. ⁠ ⁠ Full story at the link in bio.⁠

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