Incorruptible
Why Good Companies Go Bad and How Great Companies Stay Great
Takeaway
Why it matters: Eric Ries argues that good companies go bad because of structure, not people: ownership, incentives and decision rights create a "financial gravity" towards short-term extraction. He makes the case for mission-controlled ownership, from Novo Nordisk to Costco.
Takeaway: Culture follows structure. If the board wants a company to stay true to its mission, it has to look at ownership, incentives and decision rights, not just values.
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