Count me skeptical, but Mark Cuban says

coronavirus will end up improving capitalism with companies putting employees first

https://www.cnbc.com/2020/04/08/mark-cuban-says-coronavirus-will-end-up-improving-capitalism-with-companies-putting-employees-first.html

Capitalism will become more “compassionate” as a result of the coronavirus pandemic, billionaire entrepreneur Mark Cuban said Wednesday.

“I think capitalism is going to become a lot smarter and a lot more compassionate because of what we’re going through,” Cuban said on CNBC’s “Closing Bell.”

Cuban, owner of the NBA’s Dallas Mavericks, said he thinks executives will now recognize that they need to put employees first. The consequences of not doing so will be greater now than it was in the aftermath of the financial crisis, when social media was still in its nascent stage, Cuban said.

“It can’t just be about shareholders,” Cuban said. “In fact, you have to put employees ahead of shareholders.”

Shareholders will ultimately reward the companies that do so by awarding their stock a higher multiple, Cuban contended.