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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. If you love watching TED Talks like this…
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@vivalaleta
April 26, 2024 at 2:28 pm
I want this for all of us!
@JamesZinger-no7yt
April 26, 2024 at 2:31 pm
Absolutely loved this talk by Pete Stavros on the secret ingredient of business success! If you’re interested in further expanding your knowledge, especially in the field of investing and market dynamics, I highly recommend you search for “Which is a better hedge and for what risks?” on YouTube. It provides insightful discussions on investing during geopolitical tensions, Bitcoin halving, gold’s role during market fluctuations, and much more. Don’t forget to like, subscribe, and share your thoughts!
@tristondoyle9286
April 26, 2024 at 2:38 pm
Okay so question. I own a roofing company, I have to spend 10k a year on workers comp and general liability just to operate. I take home less than 50k a year. If we are sharing the wealth should the employees pay their part of workers comp&general liability if they are going to benefit?
Yea I know it’s selfish but if I built this company from the ground up, paying more taxes, more liability on me and more stress. Why should someone else benefit for what I built?
@aaronhinspater6771
April 26, 2024 at 3:42 pm
This idea is for publicly traded companies. Ones that have stock.
@tristondoyle9286
April 26, 2024 at 4:25 pm
@@aaronhinspater6771 I guess it makes sense there but he was also talking about construction companies too. Maybe I misunderstood
@mbergamin16
April 26, 2024 at 4:27 pm
@@aaronhinspater6771 Many large companies and corporations come from such humble beginnings 🤷♂️
Or do you simply mean once you deem them “too big” or “too profitable” for one person or family to reap the benefits of? 🤔
@mbergamin16
April 26, 2024 at 4:28 pm
@@tristondoyle9286 Risk = Reward my friend, if you’re taking all, or the majority of the risks, don’t feel bad about receiving all, or the majority, of the rewards. 🫡
@rhaikh
April 26, 2024 at 6:05 pm
Give all of your employees an equal share in the company via cooperative shared ownership, including distributing liability amongst them as shareholders, and then ask them to vote to decide who is the best representative to deal with administrative duties and how much that person should be compensated for their stress.
@Janizzary
April 26, 2024 at 2:48 pm
For any Economics experts out there — Is this a form of Marxism? Is it Communism? If not, what’s the difference?
@unholyrevenger72
April 26, 2024 at 4:15 pm
It is Syndicalism in that Money, government and Class still exist but most people adhere’s to the “common ownership of the means of production”. After Syndicalism comes Anarcho-Syndicalism which abolishes government. Then once you get rid of Money and class, you are left with Communism.
@crankykransky2979
April 26, 2024 at 8:07 pm
Its syndicalism or left communism depending on if he wants a revolution or not.
@rhaikh
April 26, 2024 at 3:33 pm
“Inclusive Capitalism” is still capitalism and predicated on the extraction of value from labor, the new feudal lords of private equity ask us to celebrate marginal reductions in their extraction of value with this propaganda.
@niccolom
April 26, 2024 at 4:52 pm
Canada’s WestJet failed with their employee ownership program.
They now owned by someone else.
@niccolom
April 26, 2024 at 5:01 pm
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.
@crankykransky2979
April 26, 2024 at 8:04 pm
There is a book you can find online that explains this and more eloquently you can find online, its called: “towards a new socialism” by Paul Cockshott.
@JordanPayneLV
April 26, 2024 at 5:25 pm
This guy gets it!
@micro8106
April 26, 2024 at 7:12 pm
Nice video for my future career, In my opinion I agree with improve the incentive for worker. This opportunity could help them to enhance the potential abilities, also increase of the attention in company to work more fascinating. But, I wonder nowadays, huge company such as Samsung or Lg they have a beneficial incentive environment for their worker but some of the worker still try to abort of that what is the main problem in this situation?
@crankykransky2979
April 26, 2024 at 7:45 pm
My man said “it might allow us to achieve an inclusive form of capitalism” after accidentally explaining socialism. I love it when liberals try to steal the ideas of us communists. We have been trying to do this for 150 years now, and people like our speaker here have opposed us for that entire period. The fact that liberals are now supporting our policy is telling of how fickle they really are.
@dallenpowell2745
April 29, 2024 at 6:22 pm
Right?! This is called Social Democracy and it’s been a priority of Labor Parties for decades. This just looks like Capitalism is evolving to stay relevant without committing fully to the idea of democratized labor. Regardless it’s a good start and if it opens some people to the ideas of socialism then I’m all for it whatever they decide to call it.
@SidneyChism
April 26, 2024 at 10:52 pm
Is that picture of your father in his road grader taking in the late ’60s? How could he not build wealth with $20 an hour? $20 then had the buying power of $160 today.
@ayyawar
April 26, 2024 at 11:31 pm
Bro is talking about Communism.
@bookponderings
April 27, 2024 at 12:55 pm
Marxism and communism believe that there should be no private property. The opposite of that is when ownership is distributed widely, which is what this video suggests.
@chriswilfrid
April 28, 2024 at 10:58 am
@@bookponderings nah still communism wait when AI Robotics make this obsolete
@cherylpereeia1756
April 26, 2024 at 11:35 pm
Absolutely awesome! Well done Pete and I’m sure you feel Gods blessings. ❤❤❤
@tybowman6946
April 27, 2024 at 12:30 am
You’re going halfway which still keeps the CEO as a dictator. Look up Richard D. Wolff and worker self-directed enterprises. Democracy begins at the workplace. The USA is not a democracy until we dissolve the employer/employee relationship. No more dictators running our corporations and infiltrating our government with their profit only agenda. People come first, not money.
@nipulpatel8329
April 27, 2024 at 2:17 am
Love this
@dannyburleigh1
April 27, 2024 at 4:00 am
So let me get this straight!= “His real name is TED!!”
@mariaantoniettamontella9173
April 27, 2024 at 4:34 am
fare squadra, sempre
@bobbymcculloch9953
April 27, 2024 at 7:34 am
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.
@ianfrasermobile
April 27, 2024 at 8:24 am
Interestingly, most employees want to share in the profits, but no one is willing to share the losses. If you want to share the profit, then you also need to pay in when losses are made.
@EcomCarl
April 27, 2024 at 10:07 am
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! 🌟
@AlfredoRoccia
April 27, 2024 at 11:15 am
AKA owning the means of production. Evergreen Marx ♥️
@myparceltape1169
April 29, 2024 at 4:37 am
That was represented by the chicken.
@FarbotBurunetNia
April 27, 2024 at 11:41 am
Great.
Farbot Burun’Net Nia
@pinkyknitter9667
April 27, 2024 at 12:36 pm
My mom got profit sharing from the small locally owned company she worked for. Is this still a thing? It sounds similar.
@modernboy8458
April 27, 2024 at 2:24 pm
The all money with the Jewish in United states is the all money belongs to United states People of America ….
@johnkesich8696
April 27, 2024 at 3:26 pm
Our propaganda won’t work if people are allowed to point out its absurdity – US regime
@jt3013
April 28, 2024 at 1:17 am
THIS! Been obsessed with this concept for years. I love entrepreneurship, and love the idea of worker ownership just as much!
@shuyanEnglishMaterialsSharing
April 28, 2024 at 1:56 am
What a great entrepreneur!
@omerangi4695
April 28, 2024 at 6:01 am
This is what TED is about. Spreading ideas like this.
@tanoybhattacharjee8638
April 28, 2024 at 8:18 am
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
@Sfazal85
April 28, 2024 at 5:47 pm
I wonder whether the employees that he referred to went back to being non stockholders once the company was sold?
@gregbors8364
April 29, 2024 at 1:01 am
An employee-owned company can still treat its workers like crap
@josholunlade
April 29, 2024 at 5:13 am
This almost made me teary 🥺