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  • December 2022
  • Case
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KKR at CHI Overhead Doors (A)

By: Dennis Campbell and Ethan Rouen
  • Format:Print
  • | Language:English
  • | Pages:21
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Abstract

This case examines the decision by private equity firm KKR to grant equity to every employee at portfolio company CHI Overhead Doors upon purchasing the company in 2015. The case explores whether this initiative will create shared value, growing profits through better incentive alignment while creating wealth for low-wage manufacturing workers. While CHI witnessed some initial gains in safety and productivity, executives and KKR struggled with how to instill in employees a sense of ownership that would unlock greater value. The (B) case discusses the strategies implemented to overcome employee skepticism. The (C) case describes KKR’s sale of CHI, the wealth created for employees, and the next steps KKR was planning to expand the employee ownership strategy.

Keywords

Performance Improvement; Profit Sharing; Compensation and Benefits; Organizational Culture

Citation

Campbell, Dennis, and Ethan Rouen. "KKR at CHI Overhead Doors (A)." Harvard Business School Case 123-018, December 2022.
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About The Authors

Dennis Campbell

Accounting and Management
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Ethan C. Rouen

Accounting and Management
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Related Work

    • December 2022
    • Faculty Research

    KKR at CHI Overhead Doors (B)

    By: Dennis Campbell and Ethan Rouen
    • December 2022
    • Faculty Research

    KKR at CHI Overhead Doors (C)

    By: Dennis Campbell and Ethan Rouen
Related Work
  • KKR at CHI Overhead Doors (B) By: Dennis Campbell and Ethan Rouen
  • KKR at CHI Overhead Doors (C) By: Dennis Campbell and Ethan Rouen
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