{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Conscious Capitalists","title":"REISSUE: PE leading the way on employee ownership!?! You heard that right!","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/e8aeb223\"></iframe>","width":"100%","height":180,"duration":3568,"description":"Check out an old episode from our vault with Pete Stravos, who will be speaking at the CEO Summit (October 22-24) in Austin, Texas. Click here to register and learn more about it.Pete Stravos at KKR is leading the way in driving outstanding returns through a focus on employee ownership and building great cultures. Simple formula- challenging to implement! Drive engagement and align incentives for success--- make front line workers care about the outcome and give them life changing opportunities to build financial wealth. The opportunity is huge! Only 20% of employees are actively engaged at work, the average turnover rate in the US is 40 % per year, and the Treasury Department estimates 70% of American workers are financially illiterate. Into this world comes Stravos with a plan to address these ills and make great returns for his investors. As he says, hard core capitalist love this because of the returns- they don’t have to buy into the philosophy. But those that understand the benefits of doing business this way love it!Peter summarizes, “We will exit 8-10 straight 3x deals, which I think in the history of private equity has never been done. I don't think any industry vertical at any firm ever will say, you know, 10, straight triples! And so I think it's going to be hard for people to say that this is hurting investors, that its’ doing anything other than driving great returns. **If you enjoy this podcast, would you consider leaving a review on Apple Podcasts/iTunes? It takes only a few seconds and greatly helps us get our podcast out to a wider audience.Please subscribe on Apple Podcasts / Spotify / Stitcher, or wherever you get your podcasts.For transcripts and show notes, please go to: https://www.theconsciouscapitalists.comThis show is presented by Conscious Capitalism, Inc. (https://www.consciouscapitalism.org/) and is produced by Rainbow Creative (https://www.rainbowcreative.co/) with Matthew Jones as Executive Producer, Rithu Jagannath as Lead Producer,...","thumbnail_url":"https://img.transistorcdn.com/b_GDVKezGjdpesU-7Xe8Xw8YXhPGy_TRl7o7877GmVo/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS84N2Rm/YmY2Nzk0NGMyMzUx/OTYxOWQ5NGU4YTNl/ZDZiNC5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}