Sri Rajan (JPMorgan): 'shareholder return isn't a mission. It's the output of having one'

JPMorgan Chase AI Platform exec writes up Eric's ProductCon NYC talk — Costco as the company that breaks every shareholder-primacy rule and outperforms anyway. Lands with 40 reactions.

“Got to meet Eric Ries today and hear him speak at #productconnyc. Walked away with a signed copy of Incorruptible and one idea I can't stop thinking about: Costco breaks every rule about maximizing shareholder value. Higher wages than competitors. Lower margins. Better treatment of suppliers. By the standard playbook, it shouldn't work. It's also one of the most successful companies of the last 40 years. Ries's point: shareholder return isn't a mission. It's the output of having one. Companies that flip that order, treating shareholders as the fiduciary north star, drift toward mediocrity. The gravity is real. Most don't fight it. Incorruptible looks like it's about that fight.” — Sri R. on LinkedIn