Mark Cuban Proposes Mandatory Employee Stock Ownership to Reduce Income Inequality
Billionaire entrepreneur Mark Cuban argues that all employees, from CEOs to janitors, should receive company stock to combat income inequality. Speaking on the 'What It Takes' podcast, Cuban proposed using the tax code to incentivize companies to distribute equity proportionally to all workers, matching the percentage given to executives. He cited his own practice of giving equity to all employees at Broadcast.com, which made about 300 workers millionaires after the Yahoo acquisition. The proposal comes amid data showing CEO pay rising 25.6% in 2025 versus 1.3% for average workers. Cuban suggested companies that broadly distribute equity could receive lower corporate tax rates, while those that don't would face higher taxes. The article also notes similar views from Elon Musk and Blue Origin's new equity scheme with non-compete restrictions.
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