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The best salami…

Long-time corporate bull basher Lucy Kellaway recently targeted Microsoft CEO Satya Nadella’s 1,500 word email to all staff telling them about the company’s new mission statement. As well as taking aim at the language, she questions Mr Nadella’s belief that “Every great company has an enduring mission.” “This sounds good, only it is not true,” says Ms Kellaway. “I like to think that the Financial Times is a great company; we have endured 127 years without an official mission.” Yet I’d argue that the FT does have a long-standing purpose, and is all the better for it. It might not be cast in a mission statement, but it is there atop the leaders page of every single edition: “Without fear and without favour.” Indeed it was there on the first front page back in 1888: “A financial paper for the City of London, carrying the banner of Without Fear and Without Favour, cannot fail for lack of raison d’être.”

This unswerving promise put me in mind of The Economist‘s creation story: “First published in September 1843 to take part in a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.”

Missions, purposes, whys – call them what you will, when crafted to galvanise in a way that rings true they are truly valuable. My own personal favourite is attributed to the old Italian Communist Party: “The best salami for everyone.” Tasty.