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
CTPF questioned KKR officials on the bankruptcies of Envision Healthcare and GenesisCare and the failed Toys 'R' Us deal.