I assume that there was a vesting period for whatever mechanism he had in place to share the proceeds. You're not giving $1M to the employee that you hired 3 weeks ago.
My company rewarded us with a stake so I’ll get a great payout if they ever sell. Idk why it’s so hard for people at the top to pay it forward sometimes. Like Cuban still gets to be a billionaire, and he took care of the people who got him there. Both things are possible if you’re not so damn greedy.
Honestly I’m like 50/50 on Cuban, because sure he’s paid forward the money he’s gotten to the people who helped him get there, he did also start a company to sell affordable medicine but he’s also a billionaire so theres gotta be shady shit he’s doing
I don’t even understand, being greedy, whenever you have so much money that you will never run out of it. It’s got to be some kind of mental addiction like those people who get hooked on gambling or stockpile things.
There are no truly good billionaires. You have to take advantage of systems that are essentially built on slavery to even come close to that rich. Billionaires can and have done good, but there are no good billionaires as long as they are billionaires.
Reminder that Mark Cuban opened an online pharmacy (Costplusdrugs) which offers prescription drugs for a fraction of the costs anywhere else. He blows Musk out of the water in every way imaginable
I started buying the two medications I take daily on that. It costs less to buy them from that site than it would cost to pay my insurance prescription copay.
My power ball winning fantasy is to give most of it away. Wtf am I gonna do with a billion dollars? I like the idea of getting homeless people off the streets with a few years pay to help them get straight. You can t save everyone but you can make a dent.
Just went in costplusdrugs to see what my $20 a month with insurance medication costs. $5 dollars on the site, insurance is an even bigger scam than I imagined.
Idk about that. Getting the car industry to invest into electric vehicles are definitely a step in the right direction. There were barely any electric cars until Tesla started taking off.
This is literally just silly marketing tho. This are generic drugs, that you already can buy literally everywhere, for the same price or even cheaper. He is not offering them for the cost of a fraction than anywhere else. There is no money to be made in the generic drugs business, its very competitive, and the only reason why he is making lots of money now is because people like you do the marketing for him. He is making lots of profit now, on drugs that were sold for this price to begin with at pretty much every pharmacy.
The first time I saw him he was propping up on of those crypto games-as-job pyramids. He gets good PR by making minor patches for holes in society that his class creates and lives off of.
Not a comment on Cuban either way, but if I were a billionaire, I'd be trying to help with one hand, and working with the other to ensure I can keep funding the projects (and living comfortably).
And, like, even if you take his tweet at face value, he kept half of the profit of his first business sale. He alone didn’t contribute half of the company’s value, but just because he happened to be there first, he gets a disproportionate share of the rewards?
Which isn’t saying much because he still stole a billion dollar that he did almost nothing for except have money. He doesn’t make anything, he doesn’t distribute anything. He just has people do it and takes the money from what they produced. People can’t fathom how much a billion dollars is. That means those 330 people were shorted millions of dollars, and I bet there were many other who were screwed as well.
Fair, but there's a difference between worshipping and supporting how one does their business, or correcting outright incorrect takes. Doesn't take worship to have a positive opinion
There's a lot of media brainwashing. For example, whenever we see countries like China smacking down billionaires, the narrative is "oh no, poor billionaire, USA good because we protect our billionaires".
Man, I always want to like this guy and he does make some good points from time to time....but what a fucking contrarian asshole. I can't imagine having to suffer through a conversation with someone like him.
You just linked an article that says Cuban fired employees after hearings news of their alleged sexual misconduct, but you’re presenting this as if it reflects poorly on him or is somehow related to class struggle.
Im not passionate about Cuban or any billionaire.. but this is a stupid argument to make here. It's not really related to the topic here and seems like you just googled "Mark Cuban bad" and found article he was mentioned in and uses this as a reason for him being bad.
There's no such thing as a good one. While that is a great payout for the exploitative world we live in, 90% of what he got out of it is value produced by his workers. He's certainly a better one, still a fat fucking leech.
How about, crazy thought here, instead of depending psychopathic billionaire philanthropy, we prevent them from becoming billionaires in the first place.
Hahaha you think they split it evenly? His top 5 execs probably got 90% of that and the rest of the employees split the leftovers. Trickle down bonuses.
When you are an employee you take 0 risk you collect a paycheck, but the company founder has invested capital and had to come up with the business idea.
Not really sure how this is Murdered by Words. Cuban's own words say that he became a billionaire while about 90% of his employees became millionaires. How exactly is that NOT profiting off their work? Do you think he generated 90% of that wealth himself?
He took the risk of running a company, they didn’t. They don’t get bankrupt if the company goes down, he does. He gave them 7-digit bonuses, that’s pretty honorable imo.
He could have given more. He could have given less. He could have given zero. I doubt he was under any legal or contractual obligation to do so, but he gave because he thought it was the appropriate thing to do. Good for him.
THERE IS NO SUCH THING AS A GOOD BILLIONAIRE. Jesus people yes he’s done good things but let’s not pretend his acquisition and hoarding of wealth in such comical amounts is in any way a net positive for the world.
Exactly. He paid his employees what was reasonable, then when he sold it for 10x what it was actually worth he shared the profit. He couldn’t have paid them all huge salaries to begin with or the company would have failed.
Cuban made his money on stock sales, not profit from revenue. When Yahoo bought Broadcast.com, he was paid in Yahoo stock, at which time he was no longer boss.. He made his billion by later selling Yahoo stock for profit, again, at which time Cuban no longer had any employees. Not to forget Cuban is actually trying to lower prescription drugs costs.
When Cuban joined Shark Tank, it was reported that he wouldn’t sign up unless ABC stopped the automatic taking of 5% of the entrepreneurs company whether they signed a deal or not. Cuban is the only one I would do a deal with.
So his first company, he extracted 50% of the sale value (the overwhelming majority of which was created by those employees) along with a likely sizable annual income. The way he phrases it sounds nice, but that first company was sold and each employee made $12.5k off of it and could have easily lost their employment. They should've made like $20k each and he'd still have made $400k off of it.
So what you’re saying is he should’ve shared the £5b profit with his employees, and his employees should’ve then foot the £14b bill as presumably it was also them that lost the money?
He was 1 of 81 people at his first company but took 50% of the money. If he did as much work as all 80 of the other employees combined, fine, fair is fair.
Tough to support a guy that denies the massive slavery in China and said he wasent going to play the national anthem at Mavs games.. he is a PR opportunist and ego maniac
Well, no, he's not. He's engaged in some very predatory business tactics, and sabotaged competitors who were more ethical than he was. But he's not one of the bad ones for this specific reason, and on the whole, he's one of the least evil billionaires out there.
He's always been one of the good guys. Way before all this social media. Before all the clout chasing. Before you uploaded videos to YouTube about your good deeds. He was just a good guy like that.
I’m willing to bet Those ‘employees’ were all paid with stock or otherwise rightful owners of any money he ‘gave’ them. And notice in the 2nd example he doesn’t say gave but they became. That’s why critical thinking is important.
So for the sale of the first company, he thinks he worked 80x harder than all of his employees combined? And for the second company, over 1000x more than 330 employees combined?
He does that because it’s the only way to keep them on once they know he’s selling because no one‘s gonna wanna work for company, after he sells and the new owner, is going to need employees it’s not a self-act it’s a money making act
No, he's not! Literally, he's saying he only took HALF what he didn't earn or contribute the first time, and more than half the next time! He was not part of the sale value of the company, since he didn't stick around, yet he kept 50% and >50% each time! How does that make him a "good one?" Because he didn't take *quite* as much as the other billionaires for himself?
No he’s not, but y’all keep living in your neoliberal fantasy where billionaires are the good guys (y’all remember the elon musk dickriding like 4 years ago?)
I have a friend that served Mark Cuban’s party at a restaurant in Dallas years ago. She said he was one of the few famous and rich people that actually spoke to the servers like they were people. Made eye contact, said please and thank you, left a nice tip, and had a huge, absolute monster dick. Just like, mind-breakingly gargantuan. It was so big it had its own gravity and little, lesser dicks orbited it.
Yeah let's pick a better target than the one that started a pharmacy that made hundreds of meds affordable (for example, he's selling a leukemia medication that retails for more than $2,500 for $14.40 )
In building that company he had to pay the employees less than the value they produce. If the company went under and all money was lost the workers would never have gotten that money. He was essentially taking other peoples money, gambling it and than giving back so that he could earn from it. It’s still unethical just way less unethical than what you see musk or bezos do.
Or, hear me out… he understands the rules of the game and found a way to profit by operating within the rules. He’s literally the fucking definition of a successful person. When given the opportunity to pocket a large lump sum or take care of the people that helped him succeed, he took care of his people. Of course he’s trying to make money, that’s the name of the game. That’s never going to change. If that’s what you’re holding out for, prepare for a miserable lifetime of being flat broke.
If the company goes under the employees lose a job, but the founder/shareholder would have lost everything. If the company was worth 100M Cuban would lose all of it and the employees nothing.
So...he kept 50% of his first companies profit? Now I'm not saying that's terrible, but did he really contribute 50% of the value his company produced?
If he hadn't started the company they wouldn't have shit. Did he do 50% of the labor? No. But he took on the risk, had the vision, hired the people, and wasn't obligated to give them anything but a paycheck.
If reddit could stop sucking him off that would be awesome, it really seems like he's being positioned as the opposite Trump, leading us to an election between two billionaire businessmen which people will cheer for
You ask great questions but 90% of the comments will only upvote platitudes like “no good billionaires”. The problem with policymaking is with deciding what is the maximum upside/valuation a company can have and that goes against capitalism in itself.
Simping for billionaires is disgusting, I don't care who it is. Billionaires shouldn't exist, the accumulation of capital to that degree is precisely what demands the impoverished misery of billions of other human beings.
It's not that Mark Cuban isn't "one of the good ones". It's that we have to rely on a billionaire being a "good one" just to get a little piece of the meal at the table instead of the crumbs on the floor.
So Mark Cuban would be in favor of returning to 90% income taxation for his bracket and aggressive anti-monopoly prosecution & legislation? Pro-citizen spending policy too?
Now I want to know why the 30 employees out of 330 didn't become millionaires.
They took the mystery box
Maybe they had just joined the week before so they only got $900,000 ...
Maybe they were already millionaires
Maybe when they were hired they were given stock options and they chose not to buy?
I assume that there was a vesting period for whatever mechanism he had in place to share the proceeds. You're not giving $1M to the employee that you hired 3 weeks ago.
If I remember correctly, they were fairly new employees who still ended up with decent bonuses.
Office custodians and such who still got a hefty bonus, just not enough to make one a millionaire?
Maybe they didn't choose to get stock options. Or they had fewer.
To add onto other's responses, they could have already been millionares as well
Likely newer employees.
probably lower-level and new hires who worked less than a year
They were sacrificed to the gods of capitalism
Maybe they got paid more
This right here is why most rich people don't do what Cuban did. Everyone's just assumes the worst anyway
My company rewarded us with a stake so I’ll get a great payout if they ever sell. Idk why it’s so hard for people at the top to pay it forward sometimes. Like Cuban still gets to be a billionaire, and he took care of the people who got him there. Both things are possible if you’re not so damn greedy.
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A lot of high level executives are psychopaths and narcissists. Other people are just rungs on the ladder.
Better that he takes care of them eventually than never I guess
Honestly I’m like 50/50 on Cuban, because sure he’s paid forward the money he’s gotten to the people who helped him get there, he did also start a company to sell affordable medicine but he’s also a billionaire so theres gotta be shady shit he’s doing
I don’t even understand, being greedy, whenever you have so much money that you will never run out of it. It’s got to be some kind of mental addiction like those people who get hooked on gambling or stockpile things.
Cuban being a billionaire while 300 people became millionaires means he still took over 60% of the earnings for himself.
Man those last 30 employees musta sucked.
Probably very recently hired
It was probably a stock options thing and they didn't invest in, that or were recently hired.
I mean, if I were paid out 900k, I don't want to be called a millionaire. /s
Is it possible they were already millionaires?
Its almost like billionaires having an unwieldly, comical amount of money is unnecessary and even unrealistic for a single person.
I’ve never heard it described as comical before. I like that
That's the crazy part. Mark Cuban made 300 people millionaires and it didn't stop him from becoming a billionaire.
There are no truly good billionaires. You have to take advantage of systems that are essentially built on slavery to even come close to that rich. Billionaires can and have done good, but there are no good billionaires as long as they are billionaires.
Yea I'm not sure if i'm the only one that read this and doesn't exactly think it's a "murder"....
It’s because it’s not really money. It’s ownership of companies. That amount of straight money for one person basically loses meaning
Reminder that Mark Cuban opened an online pharmacy (Costplusdrugs) which offers prescription drugs for a fraction of the costs anywhere else. He blows Musk out of the water in every way imaginable
I started buying the two medications I take daily on that. It costs less to buy them from that site than it would cost to pay my insurance prescription copay.
My power ball winning fantasy is to give most of it away. Wtf am I gonna do with a billion dollars? I like the idea of getting homeless people off the streets with a few years pay to help them get straight. You can t save everyone but you can make a dent.
Just went in costplusdrugs to see what my $20 a month with insurance medication costs. $5 dollars on the site, insurance is an even bigger scam than I imagined.
I use his pharmacy. I pay 10x less than at a regular pharmacy WITH insurance. This is in the US.
Probably because Cuban is actually a smart businessman while Musk is just a spoiled man child who got a lot of money from his rich daddy.
Right? And doesn’t have to tweet about himself every 5 minutes
This has saved me so much stress. Some of my medication is cheaper through Cuban than it is after my insurance covers part of it.
Mark Cuban is the last billionaire we'll eat (joke aside, I think he's one of the few good guy out there)
Occasionally share the link to that store on FB just in case it helps a friend out.
In case anyone needs the info, Costco and Sam’s Club offer even lower prices, including for ADHD meds.
I remember seeing that site immediately being frustrated about another scam on the desperate American public.
Maybe Mark can buy Twitter when Musk devalues it to just a few billion.
Mark Cuban's not great. But he's far from the worst
Stopping fan boying for billionaires
You make crazy money, you are supposed to buy a sports team, not twitter.
Because it’s not about being the center of the damn universe for Cuban.
I just started using his pharmacy. Got my meds quickly without a hitch. That pharmacy is going to save me a lot of money.
This "native advertising" stuff is getting boring
Idk about that. Getting the car industry to invest into electric vehicles are definitely a step in the right direction. There were barely any electric cars until Tesla started taking off.
Ad
This is literally just silly marketing tho. This are generic drugs, that you already can buy literally everywhere, for the same price or even cheaper. He is not offering them for the cost of a fraction than anywhere else. There is no money to be made in the generic drugs business, its very competitive, and the only reason why he is making lots of money now is because people like you do the marketing for him. He is making lots of profit now, on drugs that were sold for this price to begin with at pretty much every pharmacy.
The first time I saw him he was propping up on of those crypto games-as-job pyramids. He gets good PR by making minor patches for holes in society that his class creates and lives off of.
He’s definitely gotten a lot better as a person as he aged, but yeah, he still profits off the system that loves the rich and loathes the poor
Don’t forget him promoting crypto scam Voyager. Coffeezilla has a bunch of videos on it,
Ty lol, defending billionaires is weird, the commentor in the picture is right.
Not a comment on Cuban either way, but if I were a billionaire, I'd be trying to help with one hand, and working with the other to ensure I can keep funding the projects (and living comfortably).
And, like, even if you take his tweet at face value, he kept half of the profit of his first business sale. He alone didn’t contribute half of the company’s value, but just because he happened to be there first, he gets a disproportionate share of the rewards?
he's also lying in this tweet which should be self-evident to people with capacity for critical thinking.
If that's the first time you've heard of Mark Cuban, I'd dig a little deeper.
He's the least terrible billionaire that I know of, honestly.
He just has better PR. It wasn't that long ago he was covering up sexual harassment scandals.
Which isn’t saying much because he still stole a billion dollar that he did almost nothing for except have money. He doesn’t make anything, he doesn’t distribute anything. He just has people do it and takes the money from what they produced. People can’t fathom how much a billion dollars is. That means those 330 people were shorted millions of dollars, and I bet there were many other who were screwed as well.
I would say gabe newell is.
The guy that created 5 Hour Energy pledged to give away 99% of his wealth. Not sure how that's going.
Bill Gates has a really good claim to that title
Bill Gates has probably done the most objective good for the world with his spending on things like polio.
Billionaire worship is still disgusting no matter how you slice it
Fair, but there's a difference between worshipping and supporting how one does their business, or correcting outright incorrect takes. Doesn't take worship to have a positive opinion
There are no good ones.
There's a lot of media brainwashing. For example, whenever we see countries like China smacking down billionaires, the narrative is "oh no, poor billionaire, USA good because we protect our billionaires".
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I mean… this guy comes pretty close.
Why There's No Such Thing as a Good Billionaire.
This post might be peak
Man, I always want to like this guy and he does make some good points from time to time....but what a fucking contrarian asshole. I can't imagine having to suffer through a conversation with someone like him.
Absolutely agree
Not defending billionaires, but Conover is a terrible source. He's frequently flat out incorrect, cherry picks data, and uses the
No
Redditors love sucking billionaire boot! First Elon, now this guy. Yall just love PR company work huh.
Really seems like he's been gearing up to be president the past few years with how much PR he's pushing
You just linked an article that says Cuban fired employees after hearings news of their alleged sexual misconduct, but you’re presenting this as if it reflects poorly on him or is somehow related to class struggle.
It's actually pathetic
Im not passionate about Cuban or any billionaire.. but this is a stupid argument to make here. It's not really related to the topic here and seems like you just googled "Mark Cuban bad" and found article he was mentioned in and uses this as a reason for him being bad.
Lol what? Reddit hates Elon with a fiery passion
Correction: There are no good Billionaires.
The dude who runs costco is a good billionaire. It's not even debatable.
Have you tried them with sweet and sour sauce?
False no one has to be good or bad just cause someone has billions doesn't mean they're a bad person you're just mad cause you cant get there
No such thing as a good billionaire. Period.
This video isn't effective at persuading people. It is preaching to the choir - the people who like it are the people who already agree.
There is no such thing as a good billionaire.
There are no good billionaires
There's no such thing as a good one. While that is a great payout for the exploitative world we live in, 90% of what he got out of it is value produced by his workers. He's certainly a better one, still a fat fucking leech.
How about, crazy thought here, instead of depending psychopathic billionaire philanthropy, we prevent them from becoming billionaires in the first place.
Nah still scum
So each employee got a 12k bonus and he took a million.
The idea that "hard work pays off" can also be used the other way around:
Thats better than most CEO’s not giving anyone anything tbh.
Hahaha you think they split it evenly? His top 5 execs probably got 90% of that and the rest of the employees split the leftovers. Trickle down bonuses.
When you are an employee you take 0 risk you collect a paycheck, but the company founder has invested capital and had to come up with the business idea.
Ah yes please show us the equity waterfall chart for your wildly successful company
I'd like to see you complain when you get a 12k bonus.
Not really sure how this is Murdered by Words. Cuban's own words say that he became a billionaire while about 90% of his employees became millionaires. How exactly is that NOT profiting off their work? Do you think he generated 90% of that wealth himself?
He took the risk of running a company, they didn’t. They don’t get bankrupt if the company goes down, he does. He gave them 7-digit bonuses, that’s pretty honorable imo.
Better is not good. Better than awful is especially not good.
He could have given more. He could have given less. He could have given zero. I doubt he was under any legal or contractual obligation to do so, but he gave because he thought it was the appropriate thing to do. Good for him.
There's no such thing.
But like what about those other 30 employees tho
THERE IS NO SUCH THING AS A GOOD BILLIONAIRE. Jesus people yes he’s done good things but let’s not pretend his acquisition and hoarding of wealth in such comical amounts is in any way a net positive for the world.
L + no good billionaire + he only got that rich cause yahoo grossly overvalued his company.
games the game
Exactly. He paid his employees what was reasonable, then when he sold it for 10x what it was actually worth he shared the profit. He couldn’t have paid them all huge salaries to begin with or the company would have failed.
...Huh?
There's no good billionaire
Cuban made his money on stock sales, not profit from revenue. When Yahoo bought Broadcast.com, he was paid in Yahoo stock, at which time he was no longer boss.. He made his billion by later selling Yahoo stock for profit, again, at which time Cuban no longer had any employees. Not to forget Cuban is actually trying to lower prescription drugs costs.
When Cuban joined Shark Tank, it was reported that he wouldn’t sign up unless ABC stopped the automatic taking of 5% of the entrepreneurs company whether they signed a deal or not. Cuban is the only one I would do a deal with.
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Lmao you think you’re gonna be leading a revolution
So his first company, he extracted 50% of the sale value (the overwhelming majority of which was created by those employees) along with a likely sizable annual income. The way he phrases it sounds nice, but that first company was sold and each employee made $12.5k off of it and could have easily lost their employment. They should've made like $20k each and he'd still have made $400k off of it.
So what you’re saying is he should’ve shared the £5b profit with his employees, and his employees should’ve then foot the £14b bill as presumably it was also them that lost the money?
He was 1 of 81 people at his first company but took 50% of the money. If he did as much work as all 80 of the other employees combined, fine, fair is fair.
Tough to support a guy that denies the massive slavery in China and said he wasent going to play the national anthem at Mavs games.. he is a PR opportunist and ego maniac
Isn't he the guy that started selling meds for diabetes etc for a fraction of the price?
You guys are blinded to complicated things that appear simple.
Well, no, he's not. He's engaged in some very predatory business tactics, and sabotaged competitors who were more ethical than he was. But he's not one of the bad ones for this specific reason, and on the whole, he's one of the least evil billionaires out there.
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The person who commented on this is an idiot
Plus, he made generic drugs like, 10x cheaper. Probably saved thousands of lives.
Honestly Cuban starting costplus drugs redeems him in just about every way.
I disagree with the title. He’s certainly no Elon or Saudi oil tycoon but he’s still hoarding wealth while millions go without basic needs
He's always been one of the good guys. Way before all this social media. Before all the clout chasing. Before you uploaded videos to YouTube about your good deeds. He was just a good guy like that.
who were the 30 that got shorted?
I think Cuban is a good one but is anyone gonna fact check that? Prob not
I’m willing to bet Those ‘employees’ were all paid with stock or otherwise rightful owners of any money he ‘gave’ them. And notice in the 2nd example he doesn’t say gave but they became. That’s why critical thinking is important.
So for the sale of the first company, he thinks he worked 80x harder than all of his employees combined? And for the second company, over 1000x more than 330 employees combined?
He does that because it’s the only way to keep them on once they know he’s selling because no one‘s gonna wanna work for company, after he sells and the new owner, is going to need employees it’s not a self-act it’s a money making act
There's no such thing as a good billionaire you bunch of fucking idiots
There are no good billionares
I’m going to need to see proof and not just his claim. He’s an Ayn Rand follower and it’s not in their nature to be generous.
No, he's not! Literally, he's saying he only took HALF what he didn't earn or contribute the first time, and more than half the next time! He was not part of the sale value of the company, since he didn't stick around, yet he kept 50% and >50% each time! How does that make him a "good one?" Because he didn't take *quite* as much as the other billionaires for himself?
There are no good billionaires
Some people are never satisfied
No billionaire is good. No super rich person is good.
You, on the other hand, are a good person, no doubt
No such thing as good billionaires. No such thing as good cops.
Hey, hey you! Yea, you reading this right now!
No he’s not, but y’all keep living in your neoliberal fantasy where billionaires are the good guys (y’all remember the elon musk dickriding like 4 years ago?)
Murdered?!?
Some ‘woke’ Gen Zzz kid is gonna gripe that Cuban kept 1m for himself.
There's about a thousand of those kids in these comments. It's mind boggling
All of
No ethical billionaires. Period.
"When I made a thousand dollars, some of my employees got a dollar"
Thats not how math works. If he gave 4 of them a million...then you're right.
I have a friend that served Mark Cuban’s party at a restaurant in Dallas years ago. She said he was one of the few famous and rich people that actually spoke to the servers like they were people. Made eye contact, said please and thank you, left a nice tip, and had a huge, absolute monster dick. Just like, mind-breakingly gargantuan. It was so big it had its own gravity and little, lesser dicks orbited it.
Is Mark Cuban perfect? Hell no. He definitely has problematic things like the sexual assault in the Mavs org.
Lmao? “Sure he’s profited billions off the back of workers while sexually assaulting employees but overall he’s a pretty swell guy!”
One of the good billionaires? Fuck off.
300 out of 330 became millionaires, that's fair enough
Since when has reddit moved on from ass kissing elon to now ass kissing a new billionaire? Ya’ll never really learn from your mistakes, do you?
There are good billionaires out there same as there is shitty broke people..
Yeah let's pick a better target than the one that started a pharmacy that made hundreds of meds affordable (for example, he's selling a leukemia medication that retails for more than $2,500 for $14.40 )
He may be better than most, but billionaires still need to be taxed out of existence. No one should have that much money.
In building that company he had to pay the employees less than the value they produce. If the company went under and all money was lost the workers would never have gotten that money. He was essentially taking other peoples money, gambling it and than giving back so that he could earn from it. It’s still unethical just way less unethical than what you see musk or bezos do.
Or, hear me out… he understands the rules of the game and found a way to profit by operating within the rules. He’s literally the fucking definition of a successful person. When given the opportunity to pocket a large lump sum or take care of the people that helped him succeed, he took care of his people. Of course he’s trying to make money, that’s the name of the game. That’s never going to change. If that’s what you’re holding out for, prepare for a miserable lifetime of being flat broke.
If the company goes under the employees lose a job, but the founder/shareholder would have lost everything. If the company was worth 100M Cuban would lose all of it and the employees nothing.
Omg the Labor theory of value has been debunked for 80 years commie.
No billionaire is good. They just have better PR.
The bootlicking is strong in this thread.
No such thing as a good billionaire
There are no good billionaires.
There is no good capitalist because if they are successful they are stealing value from their workers, period
So...he kept 50% of his first companies profit? Now I'm not saying that's terrible, but did he really contribute 50% of the value his company produced?
How many of those employees would have been employed in his company of he hadn't started his company?
If he hadn't started the company they wouldn't have shit. Did he do 50% of the labor? No. But he took on the risk, had the vision, hired the people, and wasn't obligated to give them anything but a paycheck.
This is one billionaire I’d actually vote for.
I’d like to agree, but no way dude. Voting billionaires in for public office seems like a bad idea in general.
Here's a list of medications from Mark Cubans company Cost Plus Drugs
If reddit could stop sucking him off that would be awesome, it really seems like he's being positioned as the opposite Trump, leading us to an election between two billionaire businessmen which people will cheer for
I don’t get the inherent hate of billionaires.
You ask great questions but 90% of the comments will only upvote platitudes like “no good billionaires”. The problem with policymaking is with deciding what is the maximum upside/valuation a company can have and that goes against capitalism in itself.
Socialist..
What does emps mean?
employees
Mark Cuban is one of the last rich people we will eat.
defending billionaires is weird
There are no good billionaires. Billionaires shouldn't exist and represent a failing of our economic system
Simping for billionaires is disgusting, I don't care who it is. Billionaires shouldn't exist, the accumulation of capital to that degree is precisely what demands the impoverished misery of billions of other human beings.
It's not that Mark Cuban isn't "one of the good ones". It's that we have to rely on a billionaire being a "good one" just to get a little piece of the meal at the table instead of the crumbs on the floor.
Anyone fact check this or we just taking his word?
Why? If I sell 10m books I wrote for $10 each who got fucked?
So Mark Cuban would be in favor of returning to 90% income taxation for his bracket and aggressive anti-monopoly prosecution & legislation? Pro-citizen spending policy too?