Deep Dive with Pete Stavros on Sharing

Kelly Corrigan Wonders

Kelly Corrigan Show

Society & Culture

4.8 • 3.2K Ratings

🗓️ 12 December 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Well, if you need something to help you believe in people’s ability to affect outcomes, if you need a reason for hope that America could be a less unequal place, if you want a good news story about hard work and its proper rewards, this is it. That’s really all I want to say. I loved this story, this guest and this conversation.

Okay, so some more things I could tell you:

Pete Stavros has a huge private equity job that puts him in close contact with companies and workers in all kinds of interesting places. He is also the son of a construction worker who was never paid according to his value. Put those two things together, along with a world class mind, and you have an idea that could totally change income inequality in America. Okay, that’s all I’m telling you. Enjoy.

Special thanks to PBS and AmeriHealth Caritas.

Transcript

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0:00.0	This could be such a huge idea and if we could really get every company operating in this manner I think it'd be a different country
0:10.0	Welcome to Kelly Corrigan Wonders. I'm Kelly Corrigan and today I'm wondering what would or could happen across our country if more people owned shares in the company they spent their lives working for. My thought partner is
0:25.8	Pete Stavros, an enormously successful guy by any measure. He loves and enjoys his
0:31.5	family. He's the co-head of Global Private Equity at KKR and he is the founder and chairman of a nonprofit called Ownership Works that gives him tons of energy and purpose.
0:44.0	So, join me for a conversation with Pete Stavros about a new way to share that could change everything in America.
0:53.6	I'll be right back with Kelly Corrigan Wonders. Today I'm thinking about all of the people in the
1:11.8	United States who have never owned one share of stock and
1:15.7	especially those who work their whole lives for publicly traded companies
1:20.3	where a lucky few own everything.
1:24.3	The reason I'm thinking about it is because this is our last episode in a 10-part series
1:29.6	that's wondering what it takes to make it in America today.
1:34.0	This episode was not part of the PBS series Tell Me More,
1:38.0	so you can only find it here on Kelly Corrigan Wonders.
1:43.4	My guest is a guy named Pete Stavros.
1:46.0	He's a partner at KKR, which is a huge private equity firm.
1:50.3	He's also the founder and chairman of a very cool nonprofit that might have the solution
1:57.0	to the wicked problem of income inequality in America.
2:02.0	I saw Pete at two different conferences tell a story that I never
2:05.6	forgot, so I reached out to see if he would tell that same story to us. Here is my
2:11.4	conversation with investor, leader, and the proud son of a construction worker.
2:17.0	Pete Stavros.
2:19.0	Tell me about your dad. My dad was a construction worker for 40 some years in suburban Chicago.
	...

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