Fireside Chat, Interview, Conference Presentation
George Roberts, Co-Chairman and Co-CEO of KKR
- The pandemic presents a unique economic crisis with no historical precedent, though the speaker expresses reduced anxiety compared to previous events.
- KKR has evaluated portfolio company health to ensure appropriate actions were taken during the pandemic's early stages.
- Significant societal and organizational changes are expected to originate from the private sector, requiring top leadership priority to succeed.
- Racial equity initiatives are planned following employee feedback and external research, with diversity viewed as essential for adaptability and performance.
- KKR established a diverse board two years ago, completed a recent update approximately one month prior to the statement, and anticipates further diversification over time.
- Social enterprise programs aim to transition participants to for-profit organizations, with data indicating approximately 80% of participants retain employment 18 months later.
- Future performance of investments in social enterprises remains uncertain, with an optimistic outlook on returns.
- KKR encourages other firms to adopt its environmental practices for broader societal benefit.
- Investment advice includes finding respectful leaders willing to take a personal interest in new investors.