(Bloomberg) -- Dallas Mavericks owner Mark Cuban took to Twitter on Friday to warn CEOs that their companies may get “crushed” if executive compensation and reward structures are not re-evaluated.
“With the run up in stocks and easy fed money for corporations, the public response to out of line or record executive comp could turn UGLY ! Particularly if it comes from a company that closed stores, let people go or reduced wages,” the entrepreneur said in a separate tweet.
The comments come as some companies continue to announce layoffs and new measures to ease the economic hit due to the coronavirus pandemic.
Read: Mark Cuban Donates to Black Journalist Group's Relief Fund: CNBC
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