Pete Stavros grew up in Chicago as the son of a road grader. His dad worked construction, belonged to a union and saw his share of strikes. While Stavros didn't know it then, the stories his dad told about clashes between bosses and workers would kick off a lifelong interest in labor relations - and how better-designed incentives can build better companies and improve people's lives. Stavros has channeled what he's learned throughout his career into a new non-profit Ownership Works. This organization, launched just yesterday, will set best practices and drive research, all with the aim of transforming how ownership is distributed within corporations to help working families build wealth. The non-profit launched with the support of more than 60 partners including top financial institutions, pension funds, labor advocates as well as non-profits. Shared ownership has the potential to reshape company cultures, boost engagement and drive down absenteeism. Critically, however, shared...
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