Passion Struck (John R. Miles) — Eric: 'If you have this divergence between mission and purpose, eventually the hypocrisy becomes too great and the thing collapses'

John R. Miles runs Eric on Passion Struck, opening with the Silicon Valley Bank example as a case study in the gap between a lofty mission statement and a legal purpose to maximize shareholder value.

“Most organizations, frankly, are lying about what they're all about. They have a mission statement that sounds very lofty, but if you read their legal documents, they have a legal purpose that is something different... If you have this divergence between mission and purpose, eventually the hypocrisy becomes too great and the thing collapses. That's what we see over and over again.” — Eric Ries on Passion Struck podcast (John R. Miles)