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+--- Thread: 45's latest No Stock quarterly reports ..only 6 mo reports (/showthread.php?tid=219685)
45's latest No Stock quarterly reports ..only 6 mo reports - samintx - 08-17-2018
He is going to turn our financials into a Banana Republic too. I want quarterly reports and not let fraud go for 6 months before reporting figures.
BREAKINGVIEWS-Trump adds new impetus to old short-termism debate
12:07 PM ET, 08/17/2018 - Reuters
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)
By Gina Chon
WASHINGTON, Aug 17 (Reuters Breakingviews) - Donald Trump has added new impetus to an old debate about corporate short-termism. The U.S. president took to Twitter on Friday to say that he has asked the Securities and Exchange Commission to study allowing public companies to report earnings every six months, rather than quarterly.
BlackRock Chief Executive Larry Fink had already slammed the practice. JPMorgan’s Jamie Dimon and Warren Buffett earlier this year proposed doing away with quarterly guidance, but not quarterly reporting.
Re: 45's latest No Stock quarterly reports ..only 6 mo reports - pdq - 08-17-2018
Well, the important investors (and congressmen) already manage to get the inside scoop on how the company is doing. Us hoi-polloi aren't on the need-to-know list. We might get nervous and sell our shares before they can.
And Megan McArdle asks, what's wrong with that?