Private equity firm KKR is using employee ownership as a tool for growth, resulting in increased productivity and retention benefits for their investments. It is unclear whether KKR is using an ESOP or another vehicle to confer employee ownership, but the trend appears to be working for both the firm and the employees of its portfolio companies.
Read More About Private Equity Firm Using Employee Ownership in its Acquisitions
Part of the SECURE Act 2.0 (called the Worker Ownership, Readiness and Knowledge (WORK) Act) takes aim at the Department of Labor (DOL) by directing them to create an Employee Ownership Initiative within the department to coordinate and fund state employee ownership outreach programs and by requiring them to set new standards for ESOP appraisals.
Read More About SECURE Act 2.0 Includes Pro-ESOP Provisions
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