Publications
Publications
- March 2023
- HBS Case Collection
Ownership Works: Scaling a Profitable Social Mission
By: Ethan Rouen, Dennis Campbell and Andrew Robinson
Abstract
Pete Stavros was on a high after his latest experiment with employee ownership. As the head of industrial investments for KKR, Stavros orchestrated the sale of CHI Overhead Doors, which turned into KKR’s best investment in more than two decades and created $360 million in wealth for CHI’s blue collar workforce through broad-based employee ownership. This case examines Stavros’s attempt to scale this strategy of creating shared value through the creation of a non-profit, Ownership Works (OW). The mission of OW is to create a knowledge base for strategies to implement employee ownership and to encourage other private equity firms to adopt the practice. The case provides an opportunity to examine how to scale a shared-value strategy and the challenges that come with building industry cooperation.
Citation
Rouen, Ethan, Dennis Campbell, and Andrew Robinson. "Ownership Works: Scaling a Profitable Social Mission." Harvard Business School Case 123-079, March 2023.