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587. Should Companies Be Owned by Their Workers?

Freakonomics Radio

NOTE

Highlighting Positive Impact of Profit Sharing to Build Emotional Connection

The video from KKR showcasing employees' emotional reactions after learning about profit sharing from a $3 billion buyout highlights the positive impact of the practice. The emotional response, with many employees crying tears of joy, emphasizes the significance of profit sharing in fostering a strong emotional connection and excitement within the community. Although the video serves as a promotional tool, it effectively evokes positive emotions and demonstrates the power of profit-sharing initiatives in building employee morale. The discussion shifts towards the importance of employee retention and satisfaction, questioning how such positive cultures can be maintained under new ownership and which type of companies are attracted to businesses with established profit-sharing practices.

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