1 제목 : The Secret Ingredient of Business Success | Pete Stavros | TED
소스 : • The Secret Ingredient of Business Suc...
00:00:00 My first job as an investor was when I was 24 years old, and I'm almost 50 today, so that is half a lifetime ago.
00:00:07 Now at this company, ownership among the employees extended from the very top position, the CEO, to some mid-level roles like assistant treasurer.
00:00:16 Now when I called the assistant treasurer, who was making a tiny fraction of what the CEO had made, he was so overcome with emotion he could barely find the words.
00:00:26 So I wondered, what if everyone in a company had stock ownership, not just to the assistant treasurer level, but to the factory floor, distribution centers?
00:00:39 My father operated a road grader for a union construction company in Chicago for 45 years.
00:00:49 Second, he had no incentive to care about things an owner would focus on, things like productivity.
00:00:57 Without the right incentives in place, there was really no reason for management to listen to workers, and they didn't.
00:01:04 Most employees feel their opinions don't count.
00:01:07 Twenty-five years ago, as a graduate school student, I dove into the history of employee ownership, and I published a paper on the topic in 2002.
00:01:15 And that was a great opportunity to start experimenting with different ways of sharing stock ownership with all employees.
00:01:27 In 2015, we invested in a company called CHI Overhead Doors.
00:01:33 CHI is based in central Illinois, an Amish country, and the company makes overhead garage doors, like the one you see here in this picture.
00:01:41 And CHI was a good business, but from a worker morale standpoint, it was very reminiscent of what I saw with my dad.
00:01:48 So that means when we bought the business, most people got nothing and just went back to work, and a small handful made many millions of dollars.
00:01:56 So day one, all 800 employees were granted stock ownership, so they would participate as the value of the company went up through dividends along the way, and then at the end when the business was sold.
00:02:08 But this was about much more than just stock ownership.
00:02:12 They came up with the ideas, they decided where the money went.
00:02:16 We found this was a great way to engage with employees because not only were you giving them a voice, but they could see their voice physically manifested in the workplace.
00:02:27 And I want to be very clear, all of this benefited the company too.
00:02:36 And to put that in perspective, this was the single best investment for us at KKR since the 1980s.
00:02:41 We told them their jobs were safe, and it was time for each of them to learn what they had earned from their ownership.
00:02:49 You clock in, you clock out, you go home.
00:03:09 This wasn't a gift.
00:03:18 So just imagine how different would the economy be if every company operated in this way and included all employees in decision-making and in wealth creation.
00:03:33 And we decided to start a nonprofit called Ownership Works, whose mission is to ignite a movement around employee ownership and to help CEOs and companies who want to go on this journey because it is not easy.
00:03:46 We've also joined forces with a coalition of employee ownership advocates who have come together to put new energy behind something called an ESOP, or Employee Stock Oversight.
00:03:57 The ESOP was created by Congress in the 1970s, and it gives companies tax incentives in exchange for sharing stock ownership with workers.
00:04:07 It is going to take government support for this idea to really take off.
00:00:00 When I talk about this idea and my passion for it, I always get the same question.
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