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LOL there’s no way this is just a desire to do really messed up things without oversight, right?
Depends on how long you as an investor believe the corporations in which you hold stock should tell you or your investment advisor how they are doing…if six months is preferable to quarterly, would annually be preferable to semi-annually? How long should the owners have to wait to find out how the companies they own are doing? I bet management knows, because they are busy figuring bonuses and raises and such…
Are companies compiling their earnings relying on an elderly bookkeeper wearing a green eyeshade who uses a quill pen to make entries in a leather-bound ledger?
No, everything is computerized (and will be more so with AI in a matter of seconds). It isn’t a burden to issue quarterly earnings reports, which bring a measure of transparency and accountability to investors.
Typical of Trump to want less transparency and accountability. Hopefully the SEC will ignore Trump on this issue.
Many investors are small money people who buy stock to preserve and sercure future value. They deserve to know the progress of the company they own. The CEOs of these large companies keep rawsing salaries and offering stock incentives to the key officers and board members. The little guy doesnt matter to them. But again, a lot of stock is owned by the little guy or the funds in which they have their money. What is wrong with being open to these investors?
Understandable why Trump would not want any of his investors to understand the value or progress. Past bankruptcies tell that story.
Trump would only say such a thing if he believes quarterly earnings reports are bad for him. Like, if they gave early evidence that his economic policies are trashing the economy. He clearly opposes any data that reveals his incompetence in leading the economy. Hmm…
Certainly, there are companies that arguably pay too much attention to quarterly earnings and not enough to longer-term matters, but that imbalance of attention is a concern for what shareholders feel about the governance of those companies, and none of Trump’s business.
Ditto.
According to CNBC This morning – the US is the only country that requires quarterly reports – most other countries are twice a year or less.