HomeEconomyA new model: Private equity and employee ownership

A new model: Private equity and employee ownership


A new model: Private equity and employee ownership – CBS News


Watch CBS News



All 800 workers at an Illinois factory received an average payout of about $175,000 when their company sold, because they had been made part-owners. It’s part of a new business model to tackle wealth inequality, and it’s coming from an unlikely force: private equity, which has long had a reputation for layoffs and cost-cutting. National Public Radio’s Allison Aubrey talks with workers about their big payday; and with an executive at private equity firm KKR, who believes ownership can increase employee loyalty and boost profits.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments