Cindy Cordes
Manufacturing lead at Capital Safety in Red Wing, Minnesota. She describes living through a KKR acquisition and later learning she had received an unexpected equity payout.
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Apr 8, 2026 • 26min
A pro-worker experiment in private equity
Cindy Cordes, a manufacturing lead in Minnesota, recounts the shock of a buyout and a surprise payday years later. Pete Stavros, a KKR executive testing worker ownership, explains his long-running private equity experiment. They get into layoffs fears, why early attempts flopped, how better communication changed the rollout, and whether giving workers a stake can reshape the usual private equity story.
