KKR, one of the world's biggest private equity firms, has implemented employee ownership at dozens of companies, giving workers a stake in the businesses.
After private equity firm KKR bought Potter Global Technologies, a manufacturer of fire protection equipment in St. Louis, employees learned they were being given an ownership stake in the company. The goal is for KKR to sell Potter Global Technologies five or so years later, for a profit. If that happens, workers will get payouts tied to their tenure, on top of salaries. If past sales are any indication, the money can be life changing.
With skin in the game, those workers will be motivated to work smarter and harder. 'Ownership is really an ethos, it's a mindset,' Stavros said. 'What I mean by that is what you want are people feeling like, 'These are my products. So, if I'm sending out poor quality, that's a problem for me. If our productivity's down or if our customers are unhappy, these are my customers.
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