Is private equity joining—or co-opting—the employee ownership movement?

A dragon entering the midst of the employee ownership field—that’s how Jim Bonham, head of the Employee Stock Ownership Plan (ESOP) Association, described the splashy April announcement of a new nonprofit, Ownership Works, which says it aims to create $20 billion in worker wealth through employee ownership over the next decade. Spearheaded by Pete Stavros of KKR, the nonprofit is a collaboration between 60 organizations, including private equity firms, philanthropic leaders, banks, pension funds, and worker advocates. READ MORE