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Hello Monday with Jessi Hempel

Most Companies Are Built to Fail Their Mission. Here's the Fix.

Hello Monday with Jessi Hempel

LinkedIn

Careers, Business

4.71.1K Ratings

🗓️ 15 June 2026

⏱️ 26 minutes

🧾️ Download transcript

Summary

We've built an economy that rewards destroying value. Eric Ries wants to know how we got here, and whether we can build our way out. Eric wrote The Lean Startup in 2011 and helped define a generation of entrepreneurs. Since then, he's watched promising, mission-driven companies get hollowed out, and he thinks he knows exactly why. His new book, Incorruptible: How Good Companies Go Bad and How Great Companies Stay Great, is his attempt to name what's happening, explain how we got here, and lay out a blueprint for building something better.  In this episode, Jessi and Eric discuss: What Eric calls "financial gravity": the systemic force that pulls organizations away from their mission and toward extraction Why shareholder primacy isn't ancient law; it's a 1980s invention that was never voted on by anyone The private equity problem: how you can taste the cost-cutting in your food when private equity buys your favorite restaurant Why today's best practices are actually value-destroying, and what the data says about the alternative The Public Benefit Corporation filing: a two-page form that could change what your company is legally obligated to do Why "it's always too early until it's too late," and how founders miss their window to protect their mission The AI layoff glee: why Eric thinks companies racing to replace people with robots is slow-motion suicide How to find opportunity in this moment, even if you've been laid off, and why trust is the most underrated asset in business today Follow Eric Ries and Jessi Hempel on LinkedIn.

Transcript

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0:00.0

We've made a like civilization level wrong turn.

0:03.0

Today's best practices are value destroying.

0:05.0

There is a system, I call it financial gravity,

0:08.0

a physical force that acts on organizations

0:11.0

to pull them down into mediocrity or worse.

0:14.0

How this era plays out is up to us.

0:17.0

And not up to the famous celebrity leaders or whatever.

0:20.0

Most of those people are fully captured

0:21.7

by financial gravity and are the lowest agency people you know. From LinkedIn News, I'm Jesse Hempel,

0:29.6

and this is Hello Monday. There's this thing about startups that I have come to understand.

0:34.7

Often they start out with some grand ambition. You know, they're trying to solve

0:38.2

some real problem. And if they're successful, if they grow and then maybe go public and then grow

0:44.1

some more, well then they turn into a big company. And then they often stray pretty far from

0:50.2

whatever that mission was. So why does this happen? When I want to understand something like

0:56.1

this, there are a handful of thinkers that I really trust. Eric Rees is one of them. Back in 2011,

1:02.8

Eric wrote The Lean Startup. It's the book that helped define a generation of entrepreneurs.

1:08.0

And since then, he's watched many mission-driven startups grow into powerful institutions

1:13.6

and seeing how often they lose sight of the people they were built to serve.

1:18.6

Now, his new book is called Incorruptible, How Good Companies Go Bad and How Great Companies

1:24.6

Stay Great.

1:26.6

In it, Eric explains what happens to companies that had so much promise

1:30.9

and how we can build new ones that are incorruptible.

...

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