The secret ingredient of business success | Pete Stavros

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4.1 • 11.9K Ratings

🗓️ 26 April 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Too often, employees are unmotivated and unhappy, with no real incentive to invest much of anything into their place of work. Investment expert Pete Stavros thinks there's a better way, and he's on a mission to rethink corporate structures to expand who benefits from a thriving company. Sharing personal stories of his own journey along with the profound impact doing this work effectively can have, this moving talk provides a blueprint for changing the narrative — and outlook — for millions of workers worldwide.

Transcript

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0:00.0	Ted Audio Collective.
0:02.0	Audio Collective.
0:04.0	You're listening to Ted Talks Daily.
0:10.0	I'm your host, Elise Hugh.
0:13.0	We're all familiar with stock options,
0:15.3	but not everyone who works at a company gets them.
0:18.4	But what if they did?
0:19.8	What if folks on the factory floor and janitors and food service workers inside a company all had
0:25.8	ownership of it.
0:27.4	In his TED2024 talk, employee ownership advocate Pete Stavros makes a case for this idea and how it could change
0:34.4	business culture and improve bottom lines. After a short break.
0:40.3	Like TED Talks, you should check out the TED Radio Hour with NPR.
0:46.0	Stay tuned after this talk to hear a sneak peek of this week's episode.
0:50.0	My first job as an investor was when I was 24 years old and I'm almost 50 today
0:57.0	so that is half a lifetime ago but I still clearly remember the first thing I
1:01.5	was asked to do, to oversee wire transfers related to the sale of a business,
1:07.0	basically to make sure all the shareholders got their money.
1:10.0	Any company, large or small, public or private,
1:13.0	has shareholders who own the business.
1:15.4	And as the value of the company goes up,
1:17.7	wealth is created for those who own shares.
1:20.8	Now, at this company, ownership among the employees extended from the very top position, the CEO,
	...

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