REISSUE: PE leading the way on employee ownership!?! You heard that right!

The Conscious Capitalists

Check out an old episode from our vault with Pete Stravos, who will be speaking at the CEO Summit (October 22-24) in Austin, Texas. Click here to register and learn more about it.

Pete Stravos at KKR is leading the way in driving outstanding returns through a focus on employee ownership and building great cultures. Simple formula- challenging to implement! Drive engagement and align incentives for success--- make front line workers care about the outcome and give them life changing opportunities to build financial wealth. The opportunity is huge! Only 20% of employees are actively engaged at work, the average turnover rate in the US is 40 % per year, and the Treasury Department estimates 70% of American workers are financially illiterate. Into this world comes Stravos with a plan to address these ills and make great returns for his investors. As he says, hard core capitalist love this because of the returns- they don’t have to buy into the philosophy. But those that understand the benefits of doing business this way love it!

Peter summarizes, “We will exit 8-10 straight 3x deals, which I think in the history of private equity has never been done. I don't think any industry vertical at any firm ever will say, you know, 10, straight triples! And so I think it's going to be hard for people to say that this is hurting investors, that its’ doing anything other than driving great returns.
**

If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.

Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.

For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com

This show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer, and Nathan Wheatley as Editor.

Thank you for your support!

- Timothy & Raj

Time Stamps

00:00 Welcome to The Conscious Capitalists

00:36 Introducing Pete Stavros

01:44 The Importance of Employee Ownership

04:33 Challenges and Misconceptions

06:12 Personal Journey and Influences

09:14 Implementing Employee Ownership

13:25 Success Stories and Examples

21:48 Ownership Works Initiative

24:17 Documenting the Journey

28:23 Sponsor Message: 2024 Conscious Capitalism CEO Summit

29:14 Balancing Long-Term Investments in Private Equity

30:31 Success Stories: Ingersoll Rand and Employee Engagement

32:04 The Importance of Purpose and Mission in Business

35:18 Due Diligence and Leadership in Private Equity

39:15 Employee Ownership and Its Impact

50:09 Challenges and Opportunities in Public Markets

52:03 Recruitment and Retention at KKR

56:40 Final Thoughts and Future Directions