In Arthur, Illinois, this week brought a life-changing surprise for hundreds of workers at locally based garage-door maker, C.H.I. Overhead Doors.
, Silver Lake, and TPG, have partnered with Stavros' nonprofit called Ownership Works. Each firm has committed to implementing shared ownership models within at least three of their portfolio companies by the end of 2023.Even Nucor will include their own profit-sharing model for C.H.I., and despite all the changes, C.H.I. employees say they have no plans to leave the company.
"We've got more accountability for ourselves and to our teammates," said Kenroy Morrison who is a general manager for C.H.I. in New Jersey."It's one of those things where I don't see myself going anywhere. I'm here for the long haul."As for Jamison, who spends her days answering phones and ordering supplies, she also has big plans for her newfound money.," she said.
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