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