A New Future of Work and Wealth with Ownership Works

Millions of Americans lack the stability and security that wealth bestows. Even many two-income households are living paycheck to paycheck, struggling to meet their basic needs and lacking financial security in case of an emergency. Strikingly, the bottom 25% of households have a medium net worth of only $300 and 26% of workers have no money saved for retirement.

Ownership Works, a nonprofit organization, is working to change that by partnering with companies to provide employees with the opportunity to build wealth at work. Through shared ownership, all employees – from management to the assembly line – become owners in the company.

We invited Pete Stavros, Founder of Ownership Works, to explain the nonprofit’s approach to broad-based employee ownership and its proven impact on company culture, financial returns, and employees’ financial security.

Listen for Pete’s insights on:

●      How shared ownership directly impacts corporate performance.

●      How Ownership Works uses data to track equity by level and demographics.

●      What pitfalls to avoid when introducing shared ownership.

●      What is necessary for shared ownership to be successful in a company.

Resources + Links:

●      Pete’s LinkedIn

●      Ownership Works

●      Ownership Works & Ingersoll Rand Case Study

●      Ownership Works & C.H.I Overhead Doors Case Study

●      Employee Ownership: Wall Street Agrees That Ownership Works (Forbes)

(00:00) - Welcome to Purpose 360
(00:13) - Pete Stavros – Ownership Works
(05:33) - Pete's Background
(09:07) - The Genesis
(13:47) - Making It a Not-for-Profit
(16:32) - Vision
(21:11) - Video Clips
(22:48) - Case Example
(27:23) - The Type of Company for This
(33:05) - How Investors Feel
(34:10) - Potholes
(37:47) - Partners
(40:13) - The Future
(42:36) - Handling Growth
(44:51) - The Name
(46:02) - The Last Word
(50:09) - Wrap Up