Episode Details

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. 
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For transcripts and show notes, please go to: https://www.theconsciouscapitalists.com

This 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, and Nathan Wheatley as Editor.

Thank you for your support!

- Timothy & Raj

Time Stamps

00:00 Welcome to The Conscious Capitalists

00:36 Introducing Pete Stavros

01:44 The Importance of Employee Ownership

04:33 Challenges and Misconceptions

06:12 Personal Journey and Influences

09:14 Implementing Employee Ownership

13:25 Success Stories and Examples

21:48 Ownership Works Initiative

24:17 Documenting the Journey

28:23 Sponsor Message: 2024 Conscious Capitalism CEO Summit

29:14 Balancing Long-Term Investments in Private Equity

30:31 Success Stories: Ingersoll Rand and Employee Engagement

32:04 The Importance of Purpose and Mission in Business

35:18 Due Diligence and Leadership in Private Equity

39:15 Employee Ownership and Its Impact

50:09 Challenges and Opportunities in Public Markets

52:03 Recruitment and Retention at KKR

56:40 Final Thoughts and Future Directions