Work to own on a St. Louis factory floor
Private equity's foray into employee ownership may give St. Louis factory workers a chance to help grow their company and share in the profits.
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Private equity's foray into employee ownership may give St. Louis factory workers a chance to help grow their company and share in the profits.
KKR, one of the world's biggest private equity firms, has implemented employee ownership at dozens of companies, giving workers a stake in the businesses.
Private equity executive Pete Stavros has emerged as an unlikely employee ownership advocate. He says giving the rank and file a stake in their companies is good for workers, and good for business.
Debi Brumit works nights at Potter Global Technologies, a manufacturer in St. Louis, where all the employees have just become part-owners. She talks to Jon Wertheim about what that could mean for her future. Source
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