The Secret Ingredient of Business Success | Pete Stavros | TED

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.

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[IMAXXHEW]

I work for a company that has ESOP. Along with many others (at my location) we've been there 20+ years because it is a great system. Many have retired as millionaires because of the stock they earned. I plan on retiring with the company and being happy.
We are in the USA and started in Washington, Idaho, Nevada, California, and Oregon... since then we have opened several more locations in markets that demand our business. ESOP is a great business model where employees are happy, productive, and successful through retirement.

[tanoybhattacharjee]

Its not just about sharing wealth, its about sharing ownership. Which means sharing of responsibilities as well as risk - when wealth is lost and not generated

[samizi]

It not only looks truly phenomenal but also a game changer movement in creation of wealth that impacts the lives of millions.

[omerangi]

This is what TED is about. Spreading ideas like this.

[GWARDLE]

I can see the bewilderment on some CEO's face as he hears the idea of sharing the wealth. Same bewilderment when he was a kid when told/asked to share his candy or toys.

[stevec]

For decades I have been convinced that worker ownership is the key to everything positive in a business...including more profit...for ALL !!!

[jt]

THIS! Been obsessed with this concept for years. I love entrepreneurship, and love the idea of worker ownership just as much!

[Zeggskoll]

This is probably one of the best TED talks I’ve listened to! My interest is definitely piqued!

[bobbymcculloch]

One of the main problems with inequality is reducing it without decreasing incentives to work. If you increase income tax for the rich, the incentive to become rich is less, so you become demotivated. Providing ownership to employees will redistribute the income and increase incentives to work with no trade offs. Could be pretty exiting stuff.

[mcmaddox]

@10:30 - $340 MILLION of wealth infused into the local economy. Not from government handouts or printing money or excessive taxation--just by doing right by the average American worker. Imagine how much better this country could be if we dealt with the problem that's ACTUALLY holding us back: Corporate Greed.

[yourvocalvitality]

Wow! Uplifting voices, wealth growth & education and putting people first is so empowering! Here’s to more companies choosing this model. 💜

[EcomCarl]

The focus on employee stock ownership is a powerful way to reshape workplace dynamics and tackle wealth inequality head-on. Creating an ownership culture not only fosters engagement but also strengthens the foundation of companies. Let's empower more workers to share in the success they help create! 🌟

[davea]

The Mondragon Worker's Cooperative in Basque county has done far more than this and has been doing it since shortly after World War 2.

[AlfredoRoccia]

AKA owning the means of production. Evergreen Marx ♥️

[PanayiotisLaskaridis]

Μπράβο παλικάρι!!!! Greeks always leading the way

[five-dollar-library]

The mystery of business achievement lies in a blend of components working as one to advance development and maintainability. It starts with a reasonable vision and mission upheld by essential preparation and execution. Versatility, development, and a client driven approach are fundamental components to stay with an in front of the curve.Solid drive, strong correspondence, and convinced bunches are central for developing a positive workplace culture and achieving progressive targets.Ceaseless learning, information driven navigation, and an emphasis on quality and consumer loyalty are key components that add to long haul achievement. Eventually, outcome in business is the aftereffect of a coordinated and far reaching way to deal with activities and system.

[stevec]

And I worked for a 1000 store private company (with NO debt)....none of us got a base raise for four years straight! Tell you what. IMO, if enough companies followed the lead of the concepts in this TED talk...the others would see their essential and ignored employees pack up and leave in droves.

[ChrisWakefordBlueOceanPrivate]

This stuff clues my world together for to

[niccolom]

Wait… if all employees had stock, why would the payout depend on seniority and not on the number of shares they own?

Also, most of the things you said you did, didn’t have to be tied to employee stock ownership.

11:00 is right. Letting the employees involve in decision making is the main point here. The success didn’t come from giving them shares of the company. The management didn’t need to be forced by shareholders to give the employees more power. They can voluntarily let the employees in the decision-making process, and skip the stock part.

[YasharYz-cirn]

This idea shocked me, really, I did never know it before, I'll try to apply it in my bussiness.