“Google report its quarterly report on time because there is a massive, unbelievably expensive apparatus to make sure it happens every time. And don't be evil was just a slogan. So if someone tells you I'm serious about something, great. Now show me the apparatus. Show me the commitments you've made to make sure that happens every time. No exceptions. And if you don't have one, then they are lying to you. No matter how good their intentions are.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Eric Ries
AssertionPartly supported
Ries: Johnson & Johnson covered up asbestos in baby powder for growth
“Again, if you think I'm exaggerating, the product managers at Johnson & Johnson put asbestos in the baby powder. And covered it up because although they said their purpose, their mission statement was patient health, their actual mission had become growth opti…”
Eric RiesMay 10, 2026▶ 48:32How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Ries
Opinion
Ries: Shareholder primacy theory fails even at maximizing shareholder returns
“The investor centric view of corporations, what's called the shareholder primacy theory of corporations is just wrong. It's wrong. Even if all you care about is maximizing returns for shareholders.”
Eric RiesOct 29, 2023▶ 1:53:40Reflections on a movement | Eric Ries (creator of the Lean Startup methodology)
AssertionSupported
Ries: Only 20% of venture-backed founders remain CEO three years post-IPO
“According to Harvard Law School, among venture-backed companies that have the standard best practices set up that you got from your lawyer, ok? Only 20% of founders are still the CEO three years after going public.”
Eric RiesMay 10, 2026▶ 12:22How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Ries
AssertionNot checkable as stated
Ries: Novo Nordisk foundation intervention created over $500B in shareholder value
“The trustees of the nonprofit foundation once had to intervene to protect the for-profit from this exact temptation to want to sell it out. And I won't get into the whole story. They did the right thing in this case because they had the legal power to do so. T…”
Eric RiesMay 10, 2026▶ 24:53How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Ries
AssertionContradicted
Ries: Standard corporate charters legally bind boards to accept higher buyout offers
“According to the legal documents, you yourself signed your company's literal charter that you have right now, and this is not some hypothetical future thing you've already put in motion. A rule that says you have a fiduciary duty to say yes in this situation.”
Eric RiesMay 10, 2026▶ 29:10How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Ries
Opinion
Ries: Cloudflare is a $70B company because of free encryption trust
“The trust that they gained is the reason why they're a seventy billion dollar company today.”
Eric RiesMay 10, 2026▶ 42:25How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Ries
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