KKR’s Pete Stavros - a culture of ownership - live from AGM’s RIA Field Trip

KKR treats employee ownership and cultural transformation as the next major private-equity value-creation lever beyond financial engineering.

• Culture as edge: Stavros argues PE's next decade shifts from "balance sheet arbitrage, income statement arbitrage, and tinkering to total cultural transformation," citing Gardner Denver's quit rate dropping 90% and Gallup engagement rising from the 19th to 91st percentile.
• CoolIT payout: KKR's 14x, $4.75B exit on CoolIT gave all 650 employees cash payouts ranging from ~1 year to 8+ years of annual pay.

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