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Private-Equity Giants Back New Nonprofit Promoting Employee Ownership [1]

['Miriam Gottfried']

Date: 2022-08

Ownership Works is the brainchild of Pete Stavros, co-head of private equity for the Americas at KKR, shown in a gray sweater with CHI Overhead Doors workers in 2018.

A group of large private-equity firms has agreed to get stock into the hands of more employees at companies they own in an effort to address income inequality.

A coalition of more than 60 groups that also includes banks, pension funds and others has signed on to back a new nonprofit aimed at promoting broad-based stock ownership, officials told The Wall Street Journal.

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[1] Url: https://www.wsj.com/articles/private-equity-giants-back-new-nonprofit-promoting-employee-ownership-11649151000

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