This Private Equity Exec Wants to 5x Your Wages with Employee Ownership

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 30 April 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Given private equity’s reach (1 in 25 work for a business owned by a PE firm), the industry has the power to shape work culture at scale, for better or for worse. And ironically, that’s exactly why Pete Stavros, co-head of global private equity for KKR, thinks he’s in a unique position to bring employee ownership to the mainstream. Pete’s goal? To dramatically expand the number of Employee Stock Ownership Plans (ESOPs) that grant ownership shares to workers: “Imagine how different our economy and our country would be if workers owned a slice of every company in America.” Transcripts, show notes, production credits, and more can be found at: https://moneywithkatie.com/esops. Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. — All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Alpha is an AI research tool powered by GPT-4. Output from Alpha is not investment advice and should be verified for accuracy. APY as of 3/13/25, subject to change. *Terms and Conditions apply. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey y'all, Hannah here.
0:02.0	If you've been around a while, you know I'm all about Chase.
0:05.0	And if you're a business owner, you might like Chase for Business's online payment center.
0:09.0	With Chase, business owners can actually choose from different digital payment options, like ACH or wires, to pay vendors and employees.
0:16.0	Seriously, why choose snail mail over electronic payments?
0:19.0	Make life a little easier for your business when it comes to quickly sending large sums of money.
0:23.6	You can even choose the timeline, whether that's standard delivery, same day, or real-time pre-even faster payment.
0:28.6	Plus, you'll pay as you go instead of paying additional monthly fees for payments.
0:32.6	Chase is one of the first banks to offer this kind of thing, so if you think it could be right for you,
0:36.6	check out chase.com slash business. That's chase.com slash business. JPMorgan Chase Bank and a member
0:43.3	FDIC.
0:48.5	We talk about it as the right thing to do that also happens to be good business. And the reason we
0:53.8	order it that way
0:55.1	gets back to that example of, hey, there's two companies, same industry, very similar businesses.
1:02.6	We give ownership programs and the same tools to both. And one, great things happen culturally
1:07.6	and financially. And the other one, culturally, things kind of go sideways.
1:12.0	The one who says, if I turn some dials, how much more productivity can I get?
1:16.6	I mean, the world is so lacking in authentic leadership and genuineness.
1:21.1	I mean, people will smell that a mile away, and it just doesn't work.
1:24.1	The leader who starts with that orientation of like, I'm just doing this because
1:28.4	I want to lift up my people is the one who changes the culture. If it comes from that place
1:34.0	in someone's heart and not like, I could grind a little more out of this company if I do this,
	...

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