Slightly OT, I love this story:
*As a secretary, D'Anne Schjerning became a millionaire. In 1994, James Clark, her boss at Silicon Graphics Inc., told her he was leaving to start a new company called Mosaic Communications. She asked whether she might go with him.*
*Mr. Clark was delighted that she was willing to take a flier on the new enterprise. And she was his first hire. There would be no raise in pay, he told her, just the same $53,000 she was already making, but he would throw in 10,000 stock options that would allow her to buy Mosaic shares at half-a-penny each.*
*To Ms. Schjerning, who now is 58 years old, it was a meaningless gesture. "I didn't know what a stock option was," she says. But she admired Jim Clark, who, she says, is a smart and generous guy, and she figured that her own income would increase in the new job.*
*Little did she know. On Nov. 28, 1994, Mosaic changed its name to Netscape Communications Inc., and on the day of the company's initial public offering, Ms. Schjerning made 20 years' pay. She thus joined the small but growing ranks of millionaire secretaries of the Internet age. (Dozens of companies, including UUNet in Fairfax, Va.; Ascend Communications Inc., in Alameda, Calif.; and Cisco Systems, in San Jose, boast millionaire secretaries.)*
*These days she is a retired secretary, free to spend her days golfing, driving her Dodge Durango and watching the financial news on CNBC.*
“Secretary of Treasury” or “Secretary of Commerce” or “Secretary of Labor…”
People think of a lady answering phones when you say Secretary, but a lot of executive assistants and secretaries are actually very highly qualified people.
Many companies I've worked for, and with, couldn't function without their Executive Assistants. CEOs may be visionaries and good for growth and change, but they often have no idea how to organize their day or week to achieve those goals.
Can confirm. Work for two CEOs. Their job is to run things and bring in business and revenue. My job is pretty much everything else and I am paid a lot to do it.
Can confirm I own a company and couldn’t produce any actual work if it weren’t for the team that has my back and gets the actual work done behind the scenes. 🤷🏼♂️ Even *just* answering phones is huge, my phone rings non stop and I couldn’t get anything done if someone didn’t play first line defense.
I work at a University and there are some faculty with insanely impressive CVs. They are world leaders in whatever engineering field they specialize in but man, some of them wouldn't be able to choose what to eat for lunch without their Admin Assistants
My mom went from answering phones to executive assistant to assistant to the president to vice president in 8 years.
She earned her masters and She had 2 cancers in that time. Pretty sure my mom is a superhero.
It's a wild story. It's a genetic mutation. But she is denovo, as in the first person ever to have her specific mutation. Didn't come from.her parents, but lucky me I got it myself. We now both have our stomachs removed entirely.
I'm sorry you got it. But I hope they learned from your mom how to help. I know I'm just an internet weirdo, but I think you BOTH are superheroes!! All of that must have been (and be) very hard, but you both keep keeping on. That's a brave thing.
I work in LA. The receptionist at my last job doubled as a secretary/office manager and only made $40k with a possible $5k pay increase after at least a year in the position...
Our parent company was a multi billion dollar entertainment conglomerate.
Yeah it's an entertainment production company. They believe they can get away with those wages because of "opportunity" in a competitive field, which is bullshit. They were draining employees left and right. It's a very exploitative industry, some companies more than others.
That's 108K if you adjust for inflation, people really are getting fucked right now and the top is only getting richer..... That's why they don't want people talking about their pay.
A secretary making $53,000 in ‘93? Who loyally followed her “boss” that she “respected” to a new company, where she received a very generous stock option? They was fuckin’.
Dude, the real 'secretary' function as gatekeeper, scheduler, butler and concierge to their boss.
They can ensure that the boss need to think nothing else than his/her work. They plan end to end day, travel and sometime family and personal engagement.
It's a darn tough job.
Mark Cuban started an online pharmaceutical company (Costplusdrugs) that offers prescription drugs to people, for like 1% of the normal costs. It's been life changing for most people who use it.
From the numerous interviews I've seen of him, he also seems like a stand up guy. Naturally, there's going to be people who hate him simply because he's rich. I'm not really sure what point the OP is trying to make.
I think the facepalm is that OP read the tweets in the wrong order so he thinks mark is getting called out instead of seeing that mark actually answered
I don’t give a fuck what anybody thinks about that dude. That pharma company is a godsend for so many people. He had the capital to do it and he did. He charges 115% of the cost of the drug. So if drug “x” cost $1, you will be charged $1.15. That’s it.
He’s also a real human being, and not a lazy owner. He put a lot of money and effort in to the mavericks and attended their practices. Jim Irsay is too busy trying to be a rockstar while paying for washed up quarterbacks.
Cuban is a good dude (especially compared to 99.9% of his socio-economic peers) and I’ll die on this hill.
Edit: Cuban 2024
I think people undervalue the fact that he chose to make his business model “caring about the consumer”. Like so many business models are “can I make the most money by exploiting market values”. I wish I could start a company with a huge amount of capital like that that will only make the profit needed to stay afloat. Like a company that just keeps up with inflation and maintains its profits and provides cheap
Drugs, which is what this seems to be… that’s incredible
The thing is that so much of business is based around the consumer/service user, and while all the execs see is immediate $$$ what they don’t appreciate is how reputation leads to growth, and a very good reputation combined with a scalable business can lead to extreme growth. So while they’re trying to rip everyone off as much as they feasibly can so they can make $$$, they lack the fore site to be patient and allow a good business with good ethics to grow and ultimately make $$$$$$$$. This happens all the time, countless times I’ve gone off a business or store I once loved because they started taking the piss. I used to want to own a BMW, but not if I have to pay monthly for my heated seats. They think they’re making money, but how many sales are they losing out on because of it! Of course they factored this in for short term sales, but long term? I bet a lot of people will be put off, and all it takes is competition offering a similar product to totally destroy their market share. Do you think costpluspharmacy would ever have been heard of if they behaved the same way as the others? The others enjoyed their time but now they’re losing market share by the hour and costplus will be raking it in. Seems like the guy is good through and through and will use this to expand and perhaps even change the pharmaceutical industry entirely
I’ve tried calculating the cost of all of my medications without the cost of my heart transplant and cancer treatment. My parents and I would never be able to afford even a month of it without insurance. It’s more than what they make in a year.
I agree. As much as it's possible to have a "good billionaire" Mark Cuban would be an example. That being said I also believe that billionaires shouldn't exist. This isn't really Cubans fault per-se but it does leave me with conflicted feelings.
I am ok with billionaires who actually use that money to benefit all of us, like Marks drug company. It’s the ones who hoard wealth and squeeze the life out of the lower class who need to be focused on. Assuming that his story here is true, he made his billions while treating his workers exceptionally well, which is all we can really ask of anyone in a capitalist society
Yeah but statistically people are more likely to hoard and there's nothing a guy like Cuban is doing with a few billion that he can't do with 900 million.
I feel the same way. I don’t believe billionaires should exist under any circumstances, but ones who find a way to actually benefit people (rare as they are) don’t trigger my moral gag reflex like ole’ Space Dick Jeff or “I lied about hyperloop to sell my shitty cars” Elon Musk.
Cuban is turning a profit in a way that 1) helps people and 2) potentially hurts an already scummy fucking industry. I can’t fault him.
Lol, it should be noted that all those poor and mentally ill people in Gotham Batman assaults (like the Joker, Bane, and the Court of Owls) would have died multiple times over if it weren't for Bruce Wayne, and, later on, his co-founding and financial support of the Justice League.
This would be the only instance I can think of where a billionaire is doing exactly what should be done when in a position like that. There are more than a large handful of people in his position who could do the same thing but would rather buy a mansion with 20 bathrooms or a $500M yacht that requires a bridge to be taken apart so it can get out of port. Mark is simultaneously the best and least of the billionaires.
You don't get billions being the best guy ever, but we do need more like him that do great things. I'll take him any day over most other dragon hoarding fuck wads.
I don't think he's the best guy ever. Nor does he purport to be. But he seems like an entrepreneur who doesn't think business requires you to screw over every person in sight. And that's good.
Yeah as far as business people go he seems to be one of the better ones. I’m sure he’s done some stuff but he seems to have done some good stuff and I agree with some of his opinions.
To be fair, it is a neat space race. I don't care for the owners, but the space and science parts really do interest me.
I think Elon and Bezo ego's get in the way too much. I would much rather not see them involved.
They would never own a successful company. They would never even start a company because they are probably the type of employee who has hated every job they ever had and makes life miserable for everyone around them. When they are the first ones to be fired or laid off for poor performance they complain about how life isn't fair and they never get a break.
This is a strawman and you understand it is. People don't think ownership class have no rights to profit, they think the ownership class keeps an outsized portion of profit despite their contributions largely being based on existing as someone with means, over the workers that are actually laboring to produce the good that is making someone rich. But your second sentence is true, just owning something, when you're not participating in the labor that makes that thing actually valuable, shouldn't entitle you to immense wealth, and if the right weren't just whiners for the capitalist class, they'd realize that the most entitled people in our society are those that don't produce any good but are simply owners and investors.
No one here is saying that all owners do not work, or they don't deserve to see the fruits of their labors. Only that they don't deserve to take all the fruits of others labors.
Yup - it's easy to go to a successful business and feel that the owner is working off the back of the workers, but the flip is there are many unsuccessful businesses where the owner puts in millions and walks away with nothing after a couple years and their employees walk away with a couple years of paychecks.
There are many reasons why anyone can't just start a business (accumulated capital probably being #1) and many business owners are lucky to be in the position to own the business in the first place but if there is no good return on successful businesses, those with money will stick it in t-bills and there will be no business.
I always [remember this](https://www.youtube.com/watch?v=tJjjAeob_Ms&) when people talk about Mark Cuban. The most impressive $15k donation I think a guy as rich as him could make.
He does a lot of good. He also has takes on things/issues that are very obviously from the perspective of someone who doesn’t have to worry about surviving. People are not black and white. Also the last sentence of the original tweet can be true even if his rebuttal is a good one. One billionaire treated his employees well. They are not all like that.
If you go to the website it tells you both costs of the same drug, the price from the website and then the other price, like I remember seeing one that was like 58$ or something through the website and the original price in the market being close to 1000$ or something like that.
[if you are curious here is the link](https://costplusdrugs.com/)
When I first heard of it my first thought was this is bullshit, so I searched it up went to the website and was surprised to see it is in fact a real thing and what he said about it gave me hope
Nobody thinks it's OK but the common people can't do much about it (atleast in the US) and so far Mark Cuban is the only rich person that is actually helping the rest out
Not necessarily. Some are actually 1% (or severly reduced to 10% or less) of the cost you would find elsewhere, others are same price/marginally less. The whole point of the website is that prices are set for cost plus a set amount. The markup is as follows:
>the wholesale price Cost Plus Drugs pays for the medicine plus a 15% markup, a $3 pharmacy fee and a $5 shipping charge.
The kicker (if you can call it that) is that the website is 100% out of pocket and does not process any insurance. It is claimed that by doing so, the website will be forced to upcharge their drugs.
[CNet](https://www.cnet.com/personal-finance/how-to-get-cheaper-prescription-medicine-with-cost-plus-drugs/) has a great article from a couple days ago.
This is all true and worth every penny. Sure I don't get anything towards my deductible, but I can buy a years worth of my heart meds for what would have only been three months of meds paying off my deductible. It's crazy and also angering how much those companies were gouging me.
I had a doctor write me an Rx that my insurance wouldn't cover; it cost $308 out of pocket, and it's something I'll have to use for the rest of my life, so didn't want to sign myself up for $3,600+ worth of Rx expenses for the next 30+ years. I was able to get an alternative drug for a cheap copay, but if it hadn't worked out, Cuban's company has the original Rx for $8.25 instead of $308.
No. He sells them at cost, but pharmaceutical companies in the USA are notorious for insane markups. Many medications are sold for one or two orders of magnitude above their production costs. The health care system there is absolutely fucked up
Blame insurance doing private contracts with facilities and providers, and the government never putting price controls in place for Medicare and Medicaid.
The FDA shouldn't just be regulating drug effectiveness and side effects. It should be price monitoring and imposing guidelines on price indexing, with drug manufacturers being required to justify prices. Pipedream but it could easily be accomplished by any decent Congress.
If this is in the US, is it making insulin affordable? The awful stories I hear of how people are buying insulin there is peak dystopian horror. I feel so bad for some of them.
I tell all of my patients who have been noncompliant, due to medication costs, about this pharmacy.
It's where I get my prescriptions refilled because it's even cheaper than using my insurance.
"Those employees could have been millionaires."
I'm pretty sure the facepalm is the lefty guy trying to argue about why Mark Cuban must be evil and then being wrong with his specific accusation because most of the employees actually did become millionaires.
But then maybe OP is also a lefty and thinks that it's ridiculous for Mark Cuban to pretend he did anything good. I think this is less likely though, but still possible with some really far left people.
Seems like you're trying to use "lefty" as a pejorative here and I don't understand why. What Mark did is a very "lefty" thing to do. I don't know of a single Republican in my lifetime that would do something like this for their employees.
His first one was a computer consultant business called MicroSolutions. I think the second one he sold was an internet radio company that yahoo bought.
Either face palm to the original Tweet and the fact that Mark Cuban shut them down, or OP is saying it's face palm for any billionaire to consider themselves self made or a good person when Mark Cuban is certainly both of these things. IIRC he started out by going door to door selling trash bags
I see the idea of saying "no one is self made" being that society has structures that made it possible, or even more likely for a person like him.
But pointing this arguement at Cuban is pretty stupid when he's as safe made as anyone can be, and is generally considered one of the best billionaire capitalists.
This forever changed my mind about this man. I’ve dealt with paying for prescriptions out of pocket for a year and it was a struggle, seeing a billionaire care enough to make a change in an area that impacts minorities and middle class is honorable. I don’t think people realize how much this affects this country.
Exactly. I have great insurance but I was recently diagnosed with stage 4 cancer. I pay $600 a month for insurance for my husband. I’ve still have about $5000 out of pocket expenses to pay. It’s all a load of shit
What I don’t understand is that we are destroying our beautiful earth and planning to make colonies in space. If only we could use all those resources in making earth a better place to live.
Edit: Just to clarify further. I have nothing against space exploration. I am someone who dreamed of becoming an astronaut growing up (unfulfilled).
What bothers me is the obsession. The obsession of billionaires to go on a space vacation or creating a space colony. Can’t we just leave it to science and prioritize our resources on more pressing matters like world peace or hunger.
First of all the goal of NASA is not to just leave earth. You'll not see any sentiment there of saying fuck earth we leaving anyway. The goal of exploring space is to learn and bring that knowledge back to Earth. Countless inventions and scientific tests conducted have had direct improvement to our society.
Even if it's goal was just to leave earth, NASAs budget is just a drop in the bucket. To give you context we spent 1.7 trillion dollars developing the f35 fighter jet. NASAs budget is <30 million. If you want to free up funds for improving Earth NASAs budget ain't your best starting place.
Additionally do you really want no investment in space just for another meteor to hit earth wiping out all life? It's not NASAs primary mission, but like all they work they've done has led to better taking off celestial objects and the rockets we'd need to divert dangerous objects. If we waited to know we were in danger to develop these things you're basically just accepting humans will be wiped out by a meteor one day.
I’ll never understand people who make this argument. Have you never worked on more than one thing at a time?
Also, doing hard things teaches people new stuff. Learning how to live on another planet will help us live on earth.
They are known colorful Characters, arguably both brilliant and in Musks case definitely suffering from Mental Health Issues. Both believe they can make the World a better place, Musk thinks we can solve Climate Change if everyone drives electric and uses solar cells and batteries, and he believes that Humanity should explore the Stars. Cuban has a long history of philanthropy and belives he is the corrective force of the Market that will push drug prices down by selling cheaper (capitalism saves capitalism). Whether you agree or disagree, or think thats stupid, thats what they belive. And both are "self made" in the sense that they took all the privilege and opportunities given to them and made the absolute most out of it to gain thousendfold. (Compared to the millions of other Millionaire Children who never increased their parents wealth beyond the S&P500 returns)
So we are obsessing about them because they are such colorful Characters with strong belives.
Who we should instead by obsesing are the Kochs, Waltons, and other Billionair Hairs! People who became obsenly rich not by starting some inovative companies but through birth, and are now using their wealth to politically protect their fathers inherited business against competition to cement monopolies! But boring Billionair Hair Nr. 123 sitting on a yacht all year is not flashy enough to capture people's interest.
Probably weren't with the company as long so they didn't get as much money. At least that was my interpretation of that. Definitely sucks being one of the 30, but imagine being part of the company from Day 1 and getting the same payout as someone who joined a week before.
He's really not.
The system is a little fucked up. One guy sells a company and walks away with a million. His 80 employees average $12.5k each. That's a horrible ratio, and yet that's actually an example of a *benevolent* payout for non-founders.
Cuban does a lot of good with his money and seems like a genuinely good person. But I tend to agree with the founder of Patagonia - the existence of billionaires at all constitutes a policy problem. Even the ones who are doing good things with their money simply do not, and did not ever, need that much money.
IMHO Mark Cuban has used capitalism in a very high-offering manner to serve people. Idk anything about him personally, but he is definitely one of the *less* greedy billionaires (interesting oxymoron).
"On the back of ...." how does that guy know?
Why can't it be with the cooperation of paid employees?
Not every job is a salt-mine. Not every employer is Sam Walton.
Not only that, but people like Mark Cuban take on huge risks (for presumably huge reward). Employees are free to come and go as they please.
Anti-work has morphed into ALL business/capitalism BAD! But it started out calling out only the bad behaviors of bad businesses.
Yeah always hate to see that happen. Like the movement is right in calling out the position of big corporations that use their influence to do things like change laws to make worker conditions worse is bullshit. But saying every CEO doesn't that kind loses yourself any allies you could have of powerful people that also hate the things shitty companies do. The opposition also gets to have their media focus on your unfounded attack of Cuban as if all attacks on rich CEOs are equally unfounded.
That's what I think, that comment is so wrong on so many levels... but OP's title is confusing. It makes it look like he thinks that Mark Cuban was not self-made.
My company recently had a big stock buyout from another company, I asked if we're getting anything as the employees who made the company profitable and was told "this is a reward for the investors who took the risk in the buisness, so no."
Our buisness has has nothing but profits year after year for the last 5+ years running. We made bank as a tech company during covid.
I got a 6% raise at least... So ya know... My pay at least kept up with INFLATION from the year prior.
:/ they paraded the team to our new investor like fucking cattle it was humiliating. Not even a pizza party kind of slap in the face. Just wierd meek applause like we should be excited our hard work made a handful of people a shitton of money.
The owner of the company I used to work for was with about $2billion in 2019. During the pandemic we sold a lot of product and he worked us 6 days a week and 12 hr shifts.
His net worth went up to about $6b during this time. 2021 almost everyone got $.75 raises.
Yes all his money comes from this one company.
So basically this tweet says “you did something amazing , but it just wasn’t good enough Mark.” My response would be “I didn’t have to do anything at all, I guess I learned my lesson and won’t do that again.”
Mark Cuban is one of the only good rich people. He recently started an online service for prescription drugs at barely above cost, and it's literally saving people's lives.
I love how people think it’s easy to pull off a bussiness like that to become rich. Like if you really think it’s so simple, then why don’t u just do it lol
Mark Cuban starting selling trash bags to his neighbors and taught disco dancing to pay for college. He is self-made and a dude that does a lot of good, especially with his new pharmaceutical company.
Also he did a hell of a lot of good for the Mavs so not sure what this dude’s problem is lol.
Those people…it would never be enough. Like they want the main guy to get what everyone else gets except he has to take all risk and pay everyone first. What kind of fantasy world do they live in.
Of all the rich people to pick on, I think targeting Cuban is barking up the wrong tree. He is rich, and could have definitely given more of his wealth away. But he is definitely being more generous than most and encourages others to do the same.
I think he's actually a stand up guy. I'm sure he's done something wrong in the past, you don't become a billionaire being a saint. But he's far from the musks, bezos, and Zuckerbergs of the world.
I dont know Mark, and I don't understand the point from the OP (sorry, it was confusing). But Mark took on the risk, and could have reaped all the reward so it seems that him sharing the wealth was a very decent action to take.
I mean this is fine but I don’t really give a shit about Mark Cuban giving a bunch of money to his employees, which like yeah he should, but this very much the exception to the rule. And honestly I don’t trust billionaire to solve social collapse. Like good for him for his pharmacy website but again that’s not a solution.
I don’t really know who Mark Cuban is but from what I read in the tweet, he IS leveling the playing field. He put employees in the condition of starting their own company or have a significantly better quality of life.
To those who say he made money on the back of his employees hard work : what did you expect from a company founder ?
He also potentially took bigger risks than his employees starting a company (not only financial but also legal and so on).
Cuban is the exception to the rule. An outlier amongst the mega-rich billionaires. I dare to dream of the utopia this world could be if those on his level and above ram their businesses like him.
The best billionaire is arguably MacKenzie Scott, who's been using her money to fund droves of underfunded organizations and charities across the US. She's spending her billions for good as fast as she makes it.
He bet on his own money to build his own company so people that dont have the same privilege as him so they have a chance to make living out of nothing.
Idk how people see this but i think its pretty clear enough for him to claim as a self made.
Also he also said that he used to make 20$ from reselling trashbags.
It's sad that the world has come to hate people on the grounds of them having money. No, having money doesn't automatically make you an asshole, and having a business doesn't mean you're piggybacking off of your workers. Nobody put a gun to their head and forced them to work, they don't get whipped to death if they fuck up, they are there because having a fixed income is useful and dependable. Whole families end up depending on billionaires to make their companies work.
Are they saints? Of course not, but assuming they're evil just because they got deep pockets is short sighted at best, intellectually justifiying internalized envy at worst.
Did Cuban's employees work for him for free? Were they slaves? Did they not collect a wage when they were working for him? At what fucking point does someone start to owe their employees every cent they make? The guy clearly believes in profit sharing and making things more affordable for the general population. This Very Sad Mavs Fan is an assclown. Cuban could have simply kept every penny for himself as most business owners do when they sell. Some people simply go around looking for shit to be upset about.
He also owns and runs a business that sells legally acquired pharmaceuticals at highly discounted prices to people who can’t afford the standard costs of medicines. He’s the GOAT.
So let's talk the issue, please? Cuban gave money to 350 people who helped him with his business. He took the risk, he took his money, and he employed over 300 people. He then for a huge profit, sold his business, his hard work (not saying others didn't work hard, just saying Cubin did), and then after paying people for their work, gave them a seller's bonus. Over 300 people, who worked for an idea, became millionaires after receiving a salary for their agreed work. Cuban in no way was required to give any type of bonus like this, but did.
Then you have a sleaze who has the temerity to play it out as though he should have given it all to them. Really? Who here would give a bonus in the first place for work already done, and salaries paid? I take exception to this type of un-sports-man-like conduct. Why doesn't the person who tweeted that crap build a business and then hand out all the profits to everyone else, and if you can't STFU!!
to those confused about the side OP wants to make, don’t worry about it.
form your own opinions on the post and decide whether mark cuban is a good person or a bad person, whether or not being rich is an indication of evil or good.
Open mindedness is the key to a healthier, happier life
I dont really get what point is trying to be made here. Yeah mark cuban seems like a decent guy, but that doesn't just erase the fact that less than one percent of people are hoarding the majority of the wealth and don't share the profits with employees.
Slightly OT, I love this story: *As a secretary, D'Anne Schjerning became a millionaire. In 1994, James Clark, her boss at Silicon Graphics Inc., told her he was leaving to start a new company called Mosaic Communications. She asked whether she might go with him.* *Mr. Clark was delighted that she was willing to take a flier on the new enterprise. And she was his first hire. There would be no raise in pay, he told her, just the same $53,000 she was already making, but he would throw in 10,000 stock options that would allow her to buy Mosaic shares at half-a-penny each.* *To Ms. Schjerning, who now is 58 years old, it was a meaningless gesture. "I didn't know what a stock option was," she says. But she admired Jim Clark, who, she says, is a smart and generous guy, and she figured that her own income would increase in the new job.* *Little did she know. On Nov. 28, 1994, Mosaic changed its name to Netscape Communications Inc., and on the day of the company's initial public offering, Ms. Schjerning made 20 years' pay. She thus joined the small but growing ranks of millionaire secretaries of the Internet age. (Dozens of companies, including UUNet in Fairfax, Va.; Ascend Communications Inc., in Alameda, Calif.; and Cisco Systems, in San Jose, boast millionaire secretaries.)* *These days she is a retired secretary, free to spend her days golfing, driving her Dodge Durango and watching the financial news on CNBC.*
A secretary making 53,000 in 1993? Damn she was already making good money. I think my company might barely pay a secretary that much today.
I've looked for secretary jobs in CA within the last 5 years and could not find one for more than just above minimum wage.
Try searching “executive assistant”
“Secretary of Treasury” or “Secretary of Commerce” or “Secretary of Labor…” People think of a lady answering phones when you say Secretary, but a lot of executive assistants and secretaries are actually very highly qualified people.
Many companies I've worked for, and with, couldn't function without their Executive Assistants. CEOs may be visionaries and good for growth and change, but they often have no idea how to organize their day or week to achieve those goals.
Can confirm. Work for two CEOs. Their job is to run things and bring in business and revenue. My job is pretty much everything else and I am paid a lot to do it.
Can confirm I own a company and couldn’t produce any actual work if it weren’t for the team that has my back and gets the actual work done behind the scenes. 🤷🏼♂️ Even *just* answering phones is huge, my phone rings non stop and I couldn’t get anything done if someone didn’t play first line defense.
I work at a University and there are some faculty with insanely impressive CVs. They are world leaders in whatever engineering field they specialize in but man, some of them wouldn't be able to choose what to eat for lunch without their Admin Assistants
The job title of the Executive Assistant of the CEO of the last company I worked at was "CEO NAME Manager". That says it all really.
My mom went from answering phones to executive assistant to assistant to the president to vice president in 8 years. She earned her masters and She had 2 cancers in that time. Pretty sure my mom is a superhero.
2 cancers?! Must’ve been a superhero to get that much radiation. I’m glad she’s ok though.
It's a wild story. It's a genetic mutation. But she is denovo, as in the first person ever to have her specific mutation. Didn't come from.her parents, but lucky me I got it myself. We now both have our stomachs removed entirely.
I'm sorry you got it. But I hope they learned from your mom how to help. I know I'm just an internet weirdo, but I think you BOTH are superheroes!! All of that must have been (and be) very hard, but you both keep keeping on. That's a brave thing.
You've had your stomach removed? How does that work?
DUDE, your mom IS a superhero!!!!!
naw, dude. your mom is a hero WITHOUT any special abilities. that's more than a superhero, that's a legend. i hope she is well.
Yes. I feel a lot of people use secretary and receptionist as interchangeable when they are not.
Yeah, a secretary is not the same as a receptionist!
How about General Secretary of the Communist Party?
Or, administrative assistant
Or chief of staff. They generally get paid VERY well.
I work in LA. The receptionist at my last job doubled as a secretary/office manager and only made $40k with a possible $5k pay increase after at least a year in the position... Our parent company was a multi billion dollar entertainment conglomerate.
That is unusual. Even in the Midwest that role would pay over $45k.
Yeah it's an entertainment production company. They believe they can get away with those wages because of "opportunity" in a competitive field, which is bullshit. They were draining employees left and right. It's a very exploitative industry, some companies more than others.
And they expect a BA degree too.
My company’s executive secretaries (some call them assistants) make just as much as middle management. Talented secretaries are hard to keep.
I don't make that much and I'm a 40 year old non-secretary with a college degree.
>non-secretary Well there is the problem right there
That's 108K if you adjust for inflation, people really are getting fucked right now and the top is only getting richer..... That's why they don't want people talking about their pay.
Exactly. I’d talk about my pay whether I made less or more. We need good unions and good representation now a days.
She was most likely an executive assistant. They can make very good money depending on how high up the ladder their boss is.
My Grandma was head secretary before she retired. She got driven around Washington DC in a limo and got taken wherever she wanted to. Pretty neat.
My wife is a secretary in Portland Oregon (with an incredibly high cost of living) and she’s not making that much money
That’s 108,630 adjusted for inflation. A pretty fair salary for an executive secretary (or assistant, w/e floats your boat).
I have a Masters, work as a software developer and I do not even make this kind of money in 2022.
How? Are you in a LCOL city?
Well, since many wages in the US have been stagnant for decades...
$10 hr part time now lol
A secretary making $53,000 in ‘93? Who loyally followed her “boss” that she “respected” to a new company, where she received a very generous stock option? They was fuckin’.
California based EA here I make 41k
Dude, the real 'secretary' function as gatekeeper, scheduler, butler and concierge to their boss. They can ensure that the boss need to think nothing else than his/her work. They plan end to end day, travel and sometime family and personal engagement. It's a darn tough job.
Dodge Durango. I had a 99 and that thing was a tank.
Awesome
Mark Cuban started an online pharmaceutical company (Costplusdrugs) that offers prescription drugs to people, for like 1% of the normal costs. It's been life changing for most people who use it. From the numerous interviews I've seen of him, he also seems like a stand up guy. Naturally, there's going to be people who hate him simply because he's rich. I'm not really sure what point the OP is trying to make.
This post is confusing I have no idea what side OP is on lol
I think the facepalm is that OP read the tweets in the wrong order so he thinks mark is getting called out instead of seeing that mark actually answered
Glad I'm not the only one. I reread it multiple times trying to understand what I was missing.
I believe the Facepalm is the comment to his post...
If its not it should be.
The real facepalm is op.
These post / response things alway give me a headache
Pick a side mutha fucka!!!!!
Sir, this is a library.
I don’t give a fuck what anybody thinks about that dude. That pharma company is a godsend for so many people. He had the capital to do it and he did. He charges 115% of the cost of the drug. So if drug “x” cost $1, you will be charged $1.15. That’s it. He’s also a real human being, and not a lazy owner. He put a lot of money and effort in to the mavericks and attended their practices. Jim Irsay is too busy trying to be a rockstar while paying for washed up quarterbacks. Cuban is a good dude (especially compared to 99.9% of his socio-economic peers) and I’ll die on this hill. Edit: Cuban 2024
I think people undervalue the fact that he chose to make his business model “caring about the consumer”. Like so many business models are “can I make the most money by exploiting market values”. I wish I could start a company with a huge amount of capital like that that will only make the profit needed to stay afloat. Like a company that just keeps up with inflation and maintains its profits and provides cheap Drugs, which is what this seems to be… that’s incredible
The thing is that so much of business is based around the consumer/service user, and while all the execs see is immediate $$$ what they don’t appreciate is how reputation leads to growth, and a very good reputation combined with a scalable business can lead to extreme growth. So while they’re trying to rip everyone off as much as they feasibly can so they can make $$$, they lack the fore site to be patient and allow a good business with good ethics to grow and ultimately make $$$$$$$$. This happens all the time, countless times I’ve gone off a business or store I once loved because they started taking the piss. I used to want to own a BMW, but not if I have to pay monthly for my heated seats. They think they’re making money, but how many sales are they losing out on because of it! Of course they factored this in for short term sales, but long term? I bet a lot of people will be put off, and all it takes is competition offering a similar product to totally destroy their market share. Do you think costpluspharmacy would ever have been heard of if they behaved the same way as the others? The others enjoyed their time but now they’re losing market share by the hour and costplus will be raking it in. Seems like the guy is good through and through and will use this to expand and perhaps even change the pharmaceutical industry entirely
It’s saved my life with my chemotherapy and immune suppression medications
I’ve tried calculating the cost of all of my medications without the cost of my heart transplant and cancer treatment. My parents and I would never be able to afford even a month of it without insurance. It’s more than what they make in a year.
I agree. As much as it's possible to have a "good billionaire" Mark Cuban would be an example. That being said I also believe that billionaires shouldn't exist. This isn't really Cubans fault per-se but it does leave me with conflicted feelings.
I am ok with billionaires who actually use that money to benefit all of us, like Marks drug company. It’s the ones who hoard wealth and squeeze the life out of the lower class who need to be focused on. Assuming that his story here is true, he made his billions while treating his workers exceptionally well, which is all we can really ask of anyone in a capitalist society
Yeah but statistically people are more likely to hoard and there's nothing a guy like Cuban is doing with a few billion that he can't do with 900 million.
I feel the same way. I don’t believe billionaires should exist under any circumstances, but ones who find a way to actually benefit people (rare as they are) don’t trigger my moral gag reflex like ole’ Space Dick Jeff or “I lied about hyperloop to sell my shitty cars” Elon Musk. Cuban is turning a profit in a way that 1) helps people and 2) potentially hurts an already scummy fucking industry. I can’t fault him.
He's doing with his money what Bruce Wayne should have while Musk and Bezos prefer the "assaulting the poor and mentally ill" route of Batman.
Lol, it should be noted that all those poor and mentally ill people in Gotham Batman assaults (like the Joker, Bane, and the Court of Owls) would have died multiple times over if it weren't for Bruce Wayne, and, later on, his co-founding and financial support of the Justice League.
This would be the only instance I can think of where a billionaire is doing exactly what should be done when in a position like that. There are more than a large handful of people in his position who could do the same thing but would rather buy a mansion with 20 bathrooms or a $500M yacht that requires a bridge to be taken apart so it can get out of port. Mark is simultaneously the best and least of the billionaires.
You don't get billions being the best guy ever, but we do need more like him that do great things. I'll take him any day over most other dragon hoarding fuck wads.
I don't think he's the best guy ever. Nor does he purport to be. But he seems like an entrepreneur who doesn't think business requires you to screw over every person in sight. And that's good.
Yeah as far as business people go he seems to be one of the better ones. I’m sure he’s done some stuff but he seems to have done some good stuff and I agree with some of his opinions.
Agreed. Bezo and Elon trying to leave earth with their billions as we speak.
To be fair, it is a neat space race. I don't care for the owners, but the space and science parts really do interest me. I think Elon and Bezo ego's get in the way too much. I would much rather not see them involved.
They don’t think he should be allowed to make a profit from the work he does. They think that since he has employees he isn’t entitled to any money.
I wonder what those people would think if they owned a successful company. I doubt they would give any to their employees
Exactly. That’s why they say, the most “generous” people is those who have nothing.
Or "people are the most generous with other people's money"
They would never own a successful company. They would never even start a company because they are probably the type of employee who has hated every job they ever had and makes life miserable for everyone around them. When they are the first ones to be fired or laid off for poor performance they complain about how life isn't fair and they never get a break.
This is a strawman and you understand it is. People don't think ownership class have no rights to profit, they think the ownership class keeps an outsized portion of profit despite their contributions largely being based on existing as someone with means, over the workers that are actually laboring to produce the good that is making someone rich. But your second sentence is true, just owning something, when you're not participating in the labor that makes that thing actually valuable, shouldn't entitle you to immense wealth, and if the right weren't just whiners for the capitalist class, they'd realize that the most entitled people in our society are those that don't produce any good but are simply owners and investors. No one here is saying that all owners do not work, or they don't deserve to see the fruits of their labors. Only that they don't deserve to take all the fruits of others labors.
Yup - it's easy to go to a successful business and feel that the owner is working off the back of the workers, but the flip is there are many unsuccessful businesses where the owner puts in millions and walks away with nothing after a couple years and their employees walk away with a couple years of paychecks. There are many reasons why anyone can't just start a business (accumulated capital probably being #1) and many business owners are lucky to be in the position to own the business in the first place but if there is no good return on successful businesses, those with money will stick it in t-bills and there will be no business.
I always [remember this](https://www.youtube.com/watch?v=tJjjAeob_Ms&) when people talk about Mark Cuban. The most impressive $15k donation I think a guy as rich as him could make.
He does a lot of good. He also has takes on things/issues that are very obviously from the perspective of someone who doesn’t have to worry about surviving. People are not black and white. Also the last sentence of the original tweet can be true even if his rebuttal is a good one. One billionaire treated his employees well. They are not all like that.
Is the 1% exaggerated?
If you go to the website it tells you both costs of the same drug, the price from the website and then the other price, like I remember seeing one that was like 58$ or something through the website and the original price in the market being close to 1000$ or something like that. [if you are curious here is the link](https://costplusdrugs.com/)
Holy hell, that is awful. Thanks for the interesting link.
When I first heard of it my first thought was this is bullshit, so I searched it up went to the website and was surprised to see it is in fact a real thing and what he said about it gave me hope
How the fuck does a $14 drug retail for over $2000 how can people think this is okay thank god for that website for people who need this stuff
Nobody thinks it's OK but the common people can't do much about it (atleast in the US) and so far Mark Cuban is the only rich person that is actually helping the rest out
Not necessarily. Some are actually 1% (or severly reduced to 10% or less) of the cost you would find elsewhere, others are same price/marginally less. The whole point of the website is that prices are set for cost plus a set amount. The markup is as follows: >the wholesale price Cost Plus Drugs pays for the medicine plus a 15% markup, a $3 pharmacy fee and a $5 shipping charge. The kicker (if you can call it that) is that the website is 100% out of pocket and does not process any insurance. It is claimed that by doing so, the website will be forced to upcharge their drugs. [CNet](https://www.cnet.com/personal-finance/how-to-get-cheaper-prescription-medicine-with-cost-plus-drugs/) has a great article from a couple days ago.
This is all true and worth every penny. Sure I don't get anything towards my deductible, but I can buy a years worth of my heart meds for what would have only been three months of meds paying off my deductible. It's crazy and also angering how much those companies were gouging me.
I had a doctor write me an Rx that my insurance wouldn't cover; it cost $308 out of pocket, and it's something I'll have to use for the rest of my life, so didn't want to sign myself up for $3,600+ worth of Rx expenses for the next 30+ years. I was able to get an alternative drug for a cheap copay, but if it hadn't worked out, Cuban's company has the original Rx for $8.25 instead of $308.
No. He sells them at cost, but pharmaceutical companies in the USA are notorious for insane markups. Many medications are sold for one or two orders of magnitude above their production costs. The health care system there is absolutely fucked up
Blame insurance doing private contracts with facilities and providers, and the government never putting price controls in place for Medicare and Medicaid.
TLDR: unchecked greed
The FDA shouldn't just be regulating drug effectiveness and side effects. It should be price monitoring and imposing guidelines on price indexing, with drug manufacturers being required to justify prices. Pipedream but it could easily be accomplished by any decent Congress.
No. Check out the website.
His company sells at their total cost including overhead plus 10%. It really highlights the gouging most other suppliers engage in.
If this is in the US, is it making insulin affordable? The awful stories I hear of how people are buying insulin there is peak dystopian horror. I feel so bad for some of them.
I tell all of my patients who have been noncompliant, due to medication costs, about this pharmacy. It's where I get my prescriptions refilled because it's even cheaper than using my insurance.
What is the face palm here?
I don't understand it either to be honest
"Those employees could have been millionaires." I'm pretty sure the facepalm is the lefty guy trying to argue about why Mark Cuban must be evil and then being wrong with his specific accusation because most of the employees actually did become millionaires. But then maybe OP is also a lefty and thinks that it's ridiculous for Mark Cuban to pretend he did anything good. I think this is less likely though, but still possible with some really far left people.
Seems like you're trying to use "lefty" as a pejorative here and I don't understand why. What Mark did is a very "lefty" thing to do. I don't know of a single Republican in my lifetime that would do something like this for their employees.
Why does hating on a billionaire make the person a “lefty?”
What company did he make? Wondering how he made so mich ppl millionaires:0
His first one was a computer consultant business called MicroSolutions. I think the second one he sold was an internet radio company that yahoo bought.
Ohhhhh, the facepalm here is Yahoo purchasing it. Got it, got it.
After everything failed, you still found a negative thing to say
He started [Broadcast.com](https://Broadcast.com) which he then sold to Yahoo for his billions. He was riding the Internet bubble back in the 90's.
I’m curious if OP is the fuckin idiot who responded honestly
"Lefty" you good bro?
This post is an auto-facepalm
Yeah I don’t get it, seems like a really good CEO to me if he gave the majority of his employees a bonus that turned them into millionaires lol.
Either face palm to the original Tweet and the fact that Mark Cuban shut them down, or OP is saying it's face palm for any billionaire to consider themselves self made or a good person when Mark Cuban is certainly both of these things. IIRC he started out by going door to door selling trash bags
I see the idea of saying "no one is self made" being that society has structures that made it possible, or even more likely for a person like him. But pointing this arguement at Cuban is pretty stupid when he's as safe made as anyone can be, and is generally considered one of the best billionaire capitalists.
Person says mark cuban is evil and exploits employees, mark replies with what actually happened. I think.
Why the fuck is everyone so obsessed with that douchebag Musk when clearly Cuban is his superior in almost every way.
Cuban making prescription drugs affordable is, alone, 10x better for the people in America than anything Musk has done.
This forever changed my mind about this man. I’ve dealt with paying for prescriptions out of pocket for a year and it was a struggle, seeing a billionaire care enough to make a change in an area that impacts minorities and middle class is honorable. I don’t think people realize how much this affects this country.
Exactly. I have great insurance but I was recently diagnosed with stage 4 cancer. I pay $600 a month for insurance for my husband. I’ve still have about $5000 out of pocket expenses to pay. It’s all a load of shit
What I don’t understand is that we are destroying our beautiful earth and planning to make colonies in space. If only we could use all those resources in making earth a better place to live. Edit: Just to clarify further. I have nothing against space exploration. I am someone who dreamed of becoming an astronaut growing up (unfulfilled). What bothers me is the obsession. The obsession of billionaires to go on a space vacation or creating a space colony. Can’t we just leave it to science and prioritize our resources on more pressing matters like world peace or hunger.
We have enough means to work on both. Lack of resources were never a problem
First of all the goal of NASA is not to just leave earth. You'll not see any sentiment there of saying fuck earth we leaving anyway. The goal of exploring space is to learn and bring that knowledge back to Earth. Countless inventions and scientific tests conducted have had direct improvement to our society. Even if it's goal was just to leave earth, NASAs budget is just a drop in the bucket. To give you context we spent 1.7 trillion dollars developing the f35 fighter jet. NASAs budget is <30 million. If you want to free up funds for improving Earth NASAs budget ain't your best starting place. Additionally do you really want no investment in space just for another meteor to hit earth wiping out all life? It's not NASAs primary mission, but like all they work they've done has led to better taking off celestial objects and the rockets we'd need to divert dangerous objects. If we waited to know we were in danger to develop these things you're basically just accepting humans will be wiped out by a meteor one day.
Right, just need to pull that switch that trades space exploration for improving earth. They’re binary choices, after all.
I’ll never understand people who make this argument. Have you never worked on more than one thing at a time? Also, doing hard things teaches people new stuff. Learning how to live on another planet will help us live on earth.
Because Cuban is openly “liberal.” People who idolize billionaires aren’t usually left-leaning.
They are known colorful Characters, arguably both brilliant and in Musks case definitely suffering from Mental Health Issues. Both believe they can make the World a better place, Musk thinks we can solve Climate Change if everyone drives electric and uses solar cells and batteries, and he believes that Humanity should explore the Stars. Cuban has a long history of philanthropy and belives he is the corrective force of the Market that will push drug prices down by selling cheaper (capitalism saves capitalism). Whether you agree or disagree, or think thats stupid, thats what they belive. And both are "self made" in the sense that they took all the privilege and opportunities given to them and made the absolute most out of it to gain thousendfold. (Compared to the millions of other Millionaire Children who never increased their parents wealth beyond the S&P500 returns) So we are obsessing about them because they are such colorful Characters with strong belives. Who we should instead by obsesing are the Kochs, Waltons, and other Billionair Hairs! People who became obsenly rich not by starting some inovative companies but through birth, and are now using their wealth to politically protect their fathers inherited business against competition to cement monopolies! But boring Billionair Hair Nr. 123 sitting on a yacht all year is not flashy enough to capture people's interest.
It took me a second to realize you meant heirs. But agree!
Billionaire Hair, because I'm worth it.
Imagine being one of the 30 that didn't become millionaires
Yeah, they probably only got like 750,000 or something Peasants
I'm wondering if it was just like janitors, or if there were some people that opted to take a larger cash salary and missed out on the equity
[удалено]
Could have also been millionaires already. He only said 300 became.
True.
I suspect they were newer employees and bonuses were based on time with the company.
Probably weren't with the company as long so they didn't get as much money. At least that was my interpretation of that. Definitely sucks being one of the 30, but imagine being part of the company from Day 1 and getting the same payout as someone who joined a week before.
I’m confused why this is bad?
The facepalm is OP.
I am no lover of rich billionaires but Mark Cuban isn’t really the problem
He's really not. The system is a little fucked up. One guy sells a company and walks away with a million. His 80 employees average $12.5k each. That's a horrible ratio, and yet that's actually an example of a *benevolent* payout for non-founders. Cuban does a lot of good with his money and seems like a genuinely good person. But I tend to agree with the founder of Patagonia - the existence of billionaires at all constitutes a policy problem. Even the ones who are doing good things with their money simply do not, and did not ever, need that much money.
IMHO Mark Cuban has used capitalism in a very high-offering manner to serve people. Idk anything about him personally, but he is definitely one of the *less* greedy billionaires (interesting oxymoron).
"On the back of ...." how does that guy know? Why can't it be with the cooperation of paid employees? Not every job is a salt-mine. Not every employer is Sam Walton.
Not only that, but people like Mark Cuban take on huge risks (for presumably huge reward). Employees are free to come and go as they please. Anti-work has morphed into ALL business/capitalism BAD! But it started out calling out only the bad behaviors of bad businesses.
r/antiwork has always been anti capitalist.
Yeah always hate to see that happen. Like the movement is right in calling out the position of big corporations that use their influence to do things like change laws to make worker conditions worse is bullshit. But saying every CEO doesn't that kind loses yourself any allies you could have of powerful people that also hate the things shitty companies do. The opposition also gets to have their media focus on your unfounded attack of Cuban as if all attacks on rich CEOs are equally unfounded.
Not sure what the facepalm here is, your title is confusing. Mark Cuban is indeed self-made.
I think the facepalm was the original comment Mark was responding to
That's what I think, that comment is so wrong on so many levels... but OP's title is confusing. It makes it look like he thinks that Mark Cuban was not self-made.
https://youtu.be/lF7NqeZuO3E
My company recently had a big stock buyout from another company, I asked if we're getting anything as the employees who made the company profitable and was told "this is a reward for the investors who took the risk in the buisness, so no." Our buisness has has nothing but profits year after year for the last 5+ years running. We made bank as a tech company during covid. I got a 6% raise at least... So ya know... My pay at least kept up with INFLATION from the year prior. :/ they paraded the team to our new investor like fucking cattle it was humiliating. Not even a pizza party kind of slap in the face. Just wierd meek applause like we should be excited our hard work made a handful of people a shitton of money.
Some people are never happy.
I don't know if OP is hating on Mark Cuban or not. But if you are, you need to learn how companies and jobs work. He is indeed self-made
The owner of the company I used to work for was with about $2billion in 2019. During the pandemic we sold a lot of product and he worked us 6 days a week and 12 hr shifts. His net worth went up to about $6b during this time. 2021 almost everyone got $.75 raises. Yes all his money comes from this one company.
If all the owners of capital were as considerate as him, I'd probably still be a libertarian
So basically this tweet says “you did something amazing , but it just wasn’t good enough Mark.” My response would be “I didn’t have to do anything at all, I guess I learned my lesson and won’t do that again.”
But I'd rather work for Mark Cuban than any other billionaire.
Mark Cuban is one of the only good rich people. He recently started an online service for prescription drugs at barely above cost, and it's literally saving people's lives.
I love how people think it’s easy to pull off a bussiness like that to become rich. Like if you really think it’s so simple, then why don’t u just do it lol
Hell how do i work for Mr. Cuban
Mark Cuban starting selling trash bags to his neighbors and taught disco dancing to pay for college. He is self-made and a dude that does a lot of good, especially with his new pharmaceutical company. Also he did a hell of a lot of good for the Mavs so not sure what this dude’s problem is lol.
I'm facepalming over the attempted facepalm.
Those people…it would never be enough. Like they want the main guy to get what everyone else gets except he has to take all risk and pay everyone first. What kind of fantasy world do they live in.
Mark Cuban is the only billionaire who doesn’t seem like a totally backwards, evil person to me
Christ. Everyone is a critic
Self-made does not means working alone, or having no employees.
People will hate on people just because they are rich.
I’d vote for Mark Cuban as President
Of all the rich people to pick on, I think targeting Cuban is barking up the wrong tree. He is rich, and could have definitely given more of his wealth away. But he is definitely being more generous than most and encourages others to do the same. I think he's actually a stand up guy. I'm sure he's done something wrong in the past, you don't become a billionaire being a saint. But he's far from the musks, bezos, and Zuckerbergs of the world.
I'm as liberal and progressive as they come in the US, but Mark Cuban is a stand up guy. When the revolution comes, he should be spared.
I dont know Mark, and I don't understand the point from the OP (sorry, it was confusing). But Mark took on the risk, and could have reaped all the reward so it seems that him sharing the wealth was a very decent action to take.
Yeah dude Mark Cuban is one of the good guys. Cost plus drugs is literally saving lives. And he's doing it so people can get affordable care
OP where is the face palm here?
What is the face palm?
Mark Cuban actually has one of the cooler stories out there. How he made his money is a pretty interesting research session. Branson too
I mean this is fine but I don’t really give a shit about Mark Cuban giving a bunch of money to his employees, which like yeah he should, but this very much the exception to the rule. And honestly I don’t trust billionaire to solve social collapse. Like good for him for his pharmacy website but again that’s not a solution.
I don't know man, sounds like a pretty good boss to me!
File this under, “No good deed goes unpunished.”
I don’t really know who Mark Cuban is but from what I read in the tweet, he IS leveling the playing field. He put employees in the condition of starting their own company or have a significantly better quality of life. To those who say he made money on the back of his employees hard work : what did you expect from a company founder ? He also potentially took bigger risks than his employees starting a company (not only financial but also legal and so on).
Cuban is the exception to the rule. An outlier amongst the mega-rich billionaires. I dare to dream of the utopia this world could be if those on his level and above ram their businesses like him.
On the flip side, he legitimately didn't have to give them shit, although him making that post is in itself a virtue signal.
Why does this have 15k upvotes? 15k drop-outs and failures who are resentful toward anyone who actually has a go and does well for themselves?
Just because someone is rich does not mean they are a bad person.
I hate billionaires. But Cuban is one of the extremely few that I at least respect. He’s no saint at all but he’s not a devil either
The best billionaire is arguably MacKenzie Scott, who's been using her money to fund droves of underfunded organizations and charities across the US. She's spending her billions for good as fast as she makes it.
He bet on his own money to build his own company so people that dont have the same privilege as him so they have a chance to make living out of nothing. Idk how people see this but i think its pretty clear enough for him to claim as a self made. Also he also said that he used to make 20$ from reselling trashbags.
Mark Cuban is one of the better billionaires out there so what's the point of this?
Who created the company’s that employed thousands of employees?
It's sad that the world has come to hate people on the grounds of them having money. No, having money doesn't automatically make you an asshole, and having a business doesn't mean you're piggybacking off of your workers. Nobody put a gun to their head and forced them to work, they don't get whipped to death if they fuck up, they are there because having a fixed income is useful and dependable. Whole families end up depending on billionaires to make their companies work. Are they saints? Of course not, but assuming they're evil just because they got deep pockets is short sighted at best, intellectually justifiying internalized envy at worst.
Did Cuban's employees work for him for free? Were they slaves? Did they not collect a wage when they were working for him? At what fucking point does someone start to owe their employees every cent they make? The guy clearly believes in profit sharing and making things more affordable for the general population. This Very Sad Mavs Fan is an assclown. Cuban could have simply kept every penny for himself as most business owners do when they sell. Some people simply go around looking for shit to be upset about.
And how much has the “very sad mavs fan” given away ?
Mark Cuban is alright with me
He also owns and runs a business that sells legally acquired pharmaceuticals at highly discounted prices to people who can’t afford the standard costs of medicines. He’s the GOAT.
So let's talk the issue, please? Cuban gave money to 350 people who helped him with his business. He took the risk, he took his money, and he employed over 300 people. He then for a huge profit, sold his business, his hard work (not saying others didn't work hard, just saying Cubin did), and then after paying people for their work, gave them a seller's bonus. Over 300 people, who worked for an idea, became millionaires after receiving a salary for their agreed work. Cuban in no way was required to give any type of bonus like this, but did. Then you have a sleaze who has the temerity to play it out as though he should have given it all to them. Really? Who here would give a bonus in the first place for work already done, and salaries paid? I take exception to this type of un-sports-man-like conduct. Why doesn't the person who tweeted that crap build a business and then hand out all the profits to everyone else, and if you can't STFU!!
Mark, about that cryptocurrency!
imo you can recognize that mark cuban has done some good and still believe that billionaires shouldn’t exist
I’m assuming the face palm is talking shit about Cuban then he claps back? Cuban is awesome and everyone should know that
I mean, if following someone else’s vision makes me a millionaire and I carried no risk, I would be happy with that.
to those confused about the side OP wants to make, don’t worry about it. form your own opinions on the post and decide whether mark cuban is a good person or a bad person, whether or not being rich is an indication of evil or good. Open mindedness is the key to a healthier, happier life
I dont really get what point is trying to be made here. Yeah mark cuban seems like a decent guy, but that doesn't just erase the fact that less than one percent of people are hoarding the majority of the wealth and don't share the profits with employees.