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Top related persons:
Pete Stavros - 4 Stavros - 4 — - 1 Leonard Green - 1 GeoStabilization - 1 John David Rainey - 1 Chris Taylor - 1 It's - 1
Top related locs:
U.S Hawaii Capital
Top related orgs:
KKR - 5 New York Stock Exchange - 2 Service - 1 Leonard Green & Partners - 1 GeoStabilization - 1 Walmart - 1 International - 1 NYSE - 1

Search resuls for: "Pete Stavros"


7 mentions found


☆ 900 workers will share a $75 million pot after KKR sale — with some getting $325,000 windfalls
  + stars: | 2024-09-27 | by ( Nora Redmond | ) www.businessinsider.com   time to read: +2 min
GeoStabilization International will share a $75 million pot with workers following its sale by KKR. About 900 staff will get payments of up to $325,000 following the sale. A KKR executive promotes Ownership Works, which calls for workers to get stakes in their companies. It will share $75 million of the proceeds with about 900 staff, mainly construction workers, at the geohazard mitigation and road safety services provider, KKR said. In April 2022, he launched Ownership Works , a nonprofit that promotes giving workers a stake in the businesses they work for.
Persons: —, Leonard Green, GeoStabilization, Pete Stavros, Stavros Organizations: KKR, Service, Leonard Green & Partners
☆ KKR pays out employees as much as $325K in sale of GeoStabilization International
  + stars: | 2024-09-26 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKKR pays out employees as much as $325K in sale of GeoStabilization InternationalPete Stavros, KKR global co-head of private equity, joins 'Power Lunch' to discuss the company's push for more employee ownership.
Persons: Pete Stavros Organizations: KKR, GeoStabilization
☆ What Walmart’s new focus on employee stock could mean for the wealth of the average American household
  + stars: | 2024-02-03 | by ( Cheryl Winokur Munk | ) www.cnbc.com   time to read: +9 min
Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."
Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S
☆ Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit
  + stars: | 2024-01-28 | by ( Lydia Depillis | ) www.nytimes.com   time to read: +1 min
In 2018, Anna-Lisa Miller was working with agricultural cooperatives in Hawaii, helping them reinvest in their communities through shared ownership. Then she came across an investor presentation from a different universe: KKR, one of the world’s largest private equity firms. In it, a KKR executive, Pete Stavros, discussed a model he had been developing to provide employees with an equity stake in companies it purchased, so the workers would reap some benefits if it was flipped for a profit. By that time, Mr. Stavros had decided to start an organization to promote his model more broadly, hoping to reach the 12 million people who work for companies that private equity firms own. Ms. Miller saw it as a way to move much faster.
Persons: Anna, Lisa Miller, Miller, Pete Stavros, Stavros Organizations: Project Equity, KKR, KKR doesn’t Locations: Hawaii
☆ KKR's private equity co-head says it's a great time to do deals, but be sure to exercise caution
  + stars: | 2023-07-27 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Brendan McDermid | ReutersPrivate equity firms should be motivated to hunt for deals despite the challenging interest rate environment as the potential purchase price tends to be more in their favor, according to KKR's Global Co-Head of Private Equity Pete Stavros. "This is a great time to do deals," Stavros said in an interview with CNBC's Leslie Picker for the Delivering Alpha newsletter. Zoom In Icon Arrows pointing outwardsPrivate equity fundraising has slowed down drastically after a series of aggressive interest rate hikes made borrowing costs skyrocket. Globally, private equity funds raised $444.65 billion in the first half, down 20.5% year over year from, according to S&P Global Market Intelligence. "When the public markets are more volatile and when credit markets are tighter, better return deals are done.
Persons: Brendan McDermid, Private Equity Pete Stavros, Stavros, CNBC's Leslie Picker Organizations: KKR, New York Stock Exchange, Reuters, KKR's Global, Private Equity, Delivering Alpha, P Global Market Intelligence
☆ Private equity giant KKR's antidote to worker discontent — employee stock ownership programs
  + stars: | 2023-07-27 | by ( Leslie Picker | ) www.cnbc.com   time to read: +3 min
The job market may be strong, but the invisible strings that connect workers to their jobs are increasingly weaker. As the co-head of global private equity at KKR , he's been a key champion of instilling employee stock ownership programs in all the companies the firm buys for its $19 billion Americas Fund. "It's better for investors, it's better for the company, it's better for employees, and in the end, it's better for the communities that they live in." Over 60,000 non-management employees have been awarded billions of dollars in total equity value through these ownership programs since 2011, the firm said. Through the non-profit, other private-equity firms like Apollo and TPG also committed to advancing shared ownership within their own portfolios.
Persons: Pete Stavros, he's, it's, Stavros Organizations: Alpha, UPS, KKR, Employees, Apollo, TPG Locations: Capital
☆ KKR Promotes Pete Stavros, Nate Taylor to Lead Global Private Equity
  + stars: | 2023-02-23 | by ( Miriam Gottfried | ) www.wsj.com   time to read: 1 min
Pete Stavros and Nate Taylor have been serving as co-heads of KKR’s private-equity business in the Americas. KKR & Co. is promoting a pair of executives to a new role overseeing the firm’s $165 billion private-equity business in a push to improve coordination and communication across regions. Pete Stavros and Nate Taylor , who have been serving as co-heads of the firm’s private-equity business in the Americas, will become global co-heads, KKR executives said. In their new roles, they will add responsibility for the firm’s private-equity businesses in Europe and Asia.
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