The concept of employee ownership in private equity – whereby all workers at a portfolio company benefit from a successful exit – has caught on. And it continues to gather pace.
One individual – KKR's co-head of private equity Pete Stavros – has arguably done more than anyone to build momentum behind this trend, through both KKR's portfolio and through Ownership Works, a non-profit he founded with his wife Lindsay.
Now Stavros has taken on an additional mission: to encourage greater use of ESOPS – employee stock ownership programmes – in corporate America.
In this episode, senior editor for ESG and sustainability Toby Mitchenall connects with Stavros to take stock of how the employee ownership revolution was progressing, and find out what is needed to advance the mission and create wealth for working families.
To subscribe and hear more episodes already online, search for The New Private Markets Podcast wherever you like to listen, or click here.
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