Mark Cuban’s Advice for Business Owners: “Give Employees Stock”

May 19, 2020 | Timothy L. Stewart

In an interview with LinkedIn’s Daniel Roth, Mark Cuban (of “Shark Tank” and owner of the NBA’s Dallas Mavericks) told the story of the sale of, stating:

When we sold to Yahoo, 20 years ago give or take, out of 330 employees, 300 became millionaires.  And those [other] 30 weren’t only because they started too late.  But they got paid as well.

This is a familiar story for many of us in the world of employee ownership, as the most successful ESOP companies often have employees retiring with 6-figure (and even 7-figure) ESOP account balances.  As further explained in this NCEO synopsis  of the interview, Mr. Cuban has been a supporter of employee ownership for many decades.