A sanctuary for companies committed to enduring success.
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Joined January 2018
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The Long-Term Stock Exchange is hiring a Head of Business Development, Listings, to help connect companies with a public market built around long-term value creation.
You’ll work directly with CEOs, C-suite leaders, and boards of directors to connect their strategic ambitions with the business case for listing on the Long-Term Stock Exchange. You’ll have room to shape business development strategy, build trusted relationships, and guide companies from initial conversations to a listing decision.
This is a hands-on role within a small, collaborative team, with a direct impact on the business’s growth. We’re looking for entrepreneurial drive, strong commercial judgment, and the credibility and persistence to earn trust in the boardroom.
Learn more and apply: ltse.com/about/careers
Long-Term Stock Exchange CEO and Board Chair Maliz Beams will join @Costco Board Director Maggie Wilderotter and @NACD Governance 100 honoree Tanuja Dehne for the NACD Florida Chapter’s webinar, “Board Culture Driving Long-Term Value: Beyond Quarterly Governance,” on Monday, 9/28, 4:30-6 p.m. ET.
Join for a discussion on how board culture can help strengthen CEO relationships, navigate disruption, and oversee AI while keeping long-term value in view.
This event is open to all NACD members. Register here: nacdonline.org/florida/flori…
Long-Term Stock Exchange CEO Maliz Beams spoke with Traders Magazine about her priorities for the Exchange, opportunities to capture more trading activity, and the investments that will support its expansion. tradersmagazine.com/featured…
The Long-Term Stock Exchange filed a comment letter with the U.S. Securities and Exchange Commission this week on the proposed rescission of Rule 611.
LTSE recommends adopting a large-order exemption rather than rescinding Rule 611:
"The Proposal’s most concrete investor-facing concern is that Rule 611 requires institutional orders to access small displayed quotations, signaling trading intentions. A large-order or block exception meets that concern directly—relieving large orders of the obligation to sweep small protected quotations—while preserving order protection for the retail-sized orders that benefit from it most."
Read the full comment letter: sec.gov/comments/S7-2026-20/…
Long-Term Stock Exchange retweeted
Trust is an asset. So how do you protect it?
Great companies can build enormous reserves of trustworthiness, but if that trust isn’t structurally protected, someone will eventually have an incentive to exploit it.
That’s where governance matters. Mission guardians, public benefit corporations, and structures that create real accountability can help protect what made the company valuable in the first place.
John Miles and I discuss how organizations can build structures designed to protect their mission and trust for the long term.
#IncorruptibleBook #Trust #CorporateGovernance #Leadership #BusinessStrategy
The Board of the Long-Term Stock Exchange (LTSE) has named Maliz Beams Interim CEO. Beams will continue in her role as CEO of the LTSE Group and as Chair of the LTSE Group Board. Former LTSE Exchange CEO Bill Harts will stay on to support the Exchange as an advisor.
Beams brings over 30 years of leadership in finance and business and leads LTSE in convening innovative companies and long-term investors. She believes that strong member relationships, disciplined execution, and a clear focus on customer needs are the foundation for building a durable business.
“The Exchange is building momentum, increasing liquidity, and strengthening engagement with its members,” Beams said. “I look forward to working with the Exchange to drive execution and growth, build its ability to scale, and appreciate Bill’s continued support.”
LTSE will continue to advance its strategic priorities across its listings and trading businesses to support long-term growth.
In a @FastCompany essay, Founder of the Long-Term Stock Exchange @ericries argues that many fears about #AI are ultimately fears about institutions, incentives, and systems optimized for the wrong outcomes.
“If we want different outcomes, we cannot just ask what our machines are optimizing for. We have to ask the same question of our organizations.”
fastcompany.com/91535425/fea…
Long-Term Stock Exchange retweeted
AI expert and former Anthropic insider Eric Ries @ericries on the biggest question for AI now. Should these new giants and drivers of information and technology - slow down? cnbc.com/video/2026/06/08/it…
Long-Term Stock Exchange retweeted
Eric Ries (@ericries) is the author of The Lean Startup, the NYT bestseller that became a playbook for a generation of founders. He's also the founder of the Long-Term Stock Exchange and has a new book out called Incorruptible: Why Good Companies Go Bad and How Great Companies Stay Great.
In this episode of Main Function, Eric sat down with YC's @garrytan to talk about why so many founders lose control of the companies they build, and what they can do to stop it.
00:47 — The Professor's Wake-Up Call
03:43 — A Wake, Not a Party
05:12 — Shareholder Primacy Explained
08:20 — The Jeff Lawson / Twilio Story
10:27 — When You Fire the Founder
12:01 — The Legend of Sol Price
15:38 — Costco's Secret Origin
18:33 — Mission-Controlled Companies
19:40 — Finding the Right Board
22:26 — Just Become a PBC
23:40 — Who Invented Shareholder Primacy?
27:08 — It's Not Even a Law
30:28 — The Builder's Intuition
34:47 — Novo Nordisk & the $600B Bet
39:47 — Industrial Foundations Outperform
42:08 — The Problem With VC Fund Structure
43:05 — Dual Class Isn't Enough
44:54 — Building Something That Outlives You
45:03 — Anthropic's Governance Story
In a New York Times DealBook interview, Long-Term Stock Exchange Founder Eric Ries discusses how corporate governance, market structure, and reporting incentives can either strengthen or erode long-term value creation.
“We have really good evidence from other countries that when companies switch from semiannual to quarterly reporting, they lose approximately 5 percent of their market cap,” Eric said.
“Companies are being run to produce the correct quarterly report instead of for the long-term benefit of anybody, including their shareholders.”
Last year, LTSE petitioned the SEC to modernize reporting requirements by allowing companies to report earnings semiannually rather than quarterly. The SEC formally proposed the change earlier this month.
Read the full interview: nytimes.com/2026/05/16/busin…
In a @FortuneMagazine excerpt from his new book, "Incorruptible," Founder of the Long-Term Stock Exchange Eric Ries argues that many founders build extraordinary companies only to watch them drift under the pressure of short-term incentives and market expectations.
The excerpt explains that Eric founded the Long-Term Stock Exchange in response, to serve as a sanctuary that supports long-term value creation rather than short-term pressure.
Read the full excerpt: fortune.com/2026/05/26/eric-…
Founder of the Long-Term Stock Exchange Eric Ries joined CNBC's Squawk Box to discuss building companies that last in the age of AI, LTSE’s petition to modernize quarterly reporting requirements, and his newly released book, “Incorruptible.”
Watch the full segment: cnbc.com/video/2026/05/27/in…
PRESS RELEASE: The U.S. Securities and Exchange Commission (SEC) announced today a proposal to allow public companies the option to report semiannually instead of quarterly, following a petition submitted by the Long-Term Stock Exchange. ltse.com/news/ltse-petition-…
In a world where long-term company visions often succumb to short-term market pressures, the Long-Term Stock Exchange is quantifiably rewriting the narrative. ltse.com/lp/get-the-credit-y…
The Long-Term Stock Exchange has formally filed a petition with the SEC seeking to allow all public companies the option to report earnings semi-annually instead of quarterly. The full text of LTSE’s petition can be found at: lnkd.in/gSfWkYP6
The full text of LTSE’s petition can be found at: sec.gov/rules-regulations/pe….