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A new model: Private equity and employee ownership

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


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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.

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