Pete Stavros Fellowships in the Economics of Employee Share Ownership - Call for Applications

The Institute for the Study of Employee Ownership and Profit Sharing invites applications for the inaugural Pete Stavros Fellowships in the Economics of Employee Share Ownership from junior and senior scholars with a doctoral degree in economics or a related field (e.g. business, finance, or accounting) and a current academic affiliation with a U.S. college or university. Two $50,000 fellowships will be available for the 2025-2026 academic year to support research projects related to the economics of broad-based employee equity ownership, such as employee stock ownership plans (ESOPs) and other forms of employee share ownership. Specialists in all subfields of economics and finance are welcome to apply, including those working in the areas of behavioral, labor, organizational, personnel, and public economics; the economics of gender, race, inequality, innovation, and productivity; law and economics; and political economy. 

Preference will be given to applications that propose to employ cutting-edge theoretical or empirical methodologies that have not previously been used in the study of broad-based employee share ownership, and/or to conduct quantitative analysis of novel datasets. For applied projects, the Institute can also assist with facilitating access to existing data sources. Fellowship recipients will be in residence at their home institutions and may use funds for research-related costs and for travel or other expenses. 

To apply, please submit a CV and research plan (1000 to 1500 words) with three letters of reference (sent separately by the letter writers) by March 1, 2025 to: fellowship_program@smlr.rutgers.edu. Decisions will be made by May 1, 2025. 

Photo of Pete StavrosPete Stavros (New York) joined KKR in 2005 and is Co-Head of Global Private Equity. This includes more than $170 billion of assets across Europe, Asia and the Americas and covers traditional large and mid-cap private equity, core and growth equity. Prior to this role, Mr. Stavros served as Co-Head of the Americas Private Equity platform. He is a member of several investment and management committees at KKR and has also served as Co-Chair of the firm’s global Inclusion and Diversity Council.

As an investor, Mr. Stavros has helped lead a number of successful investments across sectors and sizes, including HCA Healthcare, Nielsen, Gardner Denver / Ingersoll Rand, Capsugel, Capital Safety, Hyperion, Flow Control Group, Charter Next Generation, Minnesota Rubber and Plastics, Geostabilization International, Crosby Group and CHI Overhead Doors. Prior to becoming Co-Head of Americas Private Equity, Mr. Stavros led the Industrials industry team where he pioneered an innovative employee engagement and ownership model. This approach has been successfully implemented at more than 50 KKR companies and has positively impacted more than a hundred thousand employees.

Mr. Stavros is the Founder and Chairman of Ownership Works, a non-profit focused on building a worker ownership movement globally and enhancing the financial resiliency of the workforce. The goal of Ownership Works is to create more than $20 billion of wealth for working families over the next decade. Mr. Stavros is also the Founder and Chairman of Expanding ESOPs, an organization focused on dramatically expanding the number of Employee Stock Ownership Plans (ESOPs) in corporate America.

Prior to joining KKR, Mr. Stavros was an investor with GTCR Golder Rauner, where he was an investor in the healthcare sector. He holds a B.S. in Chemistry, magna cum laude, from Duke University and an M.B.A. with high distinction, Baker Scholar, from Harvard Business School.