Mission-controlled companies with industrial foundation structures outperform on longevity and value
Companies using two-tier industrial foundation structures (non-profit trustees controlling for-profit) — like Costco, Novo Nordisk, Zeiss — are 6x more likely to survive 50 years (60% vs 10%) and create superior long-term value by protecting mission from shareholder primacy pressure; 'best practice' governance (independent directors, sunsetting super-voting shares) systematically destroys founder-led value.