Customer equity programs function similarly to loyalty programs or credit card rewards, but instead of immediate cash back, customers accumulate fractional shares in the company; this is similar to how retailers currently offer rebates, but applies property ownership rather than discounts.

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Speaker

Dave Shapiro

Evidence Quote

it's like a kickback program or a rewards program... but instead of just immediate cash back, you get shares

Source

Post-Labor Economics Lecture 02 - "Economic Agency Paradox" (2025 update)David Shapiro
Created: 8/11/2026, 5:34:35 AM

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