Billionaire investor Mark Cuban's stock options philosophy is shining a spotlight on a theme already familiar to ETF investors.
Many of the market's biggest wealth creators that are using the option of giving every employee an ownership stake, are also the largest holdings in technology-focused funds.
The debate gained fresh momentum after Space Exploration Technologies Corp's (NASDAQ:SPCX) blockbuster $1.77 trillion IPO reportedly created more than 4,400 employee millionaires, underscoring how equity compensation can generate wealth alongside shareholder returns.
Speaking on the What It Takes podcast by the Unmoderated News, Cuban said he would like "every single CEO, founder, entrepreneur" to give equity to all employees rather than limiting stock awards to senior executives.
Drawing on his experience at Broadcast.com, his media company, where he said roughly 300 employees became millionaires after Yahoo acquired the company decades ago, Cuban argued that broad-based employee ownership is one of the most effective ways to reduce income inequality.
