No. of Recommendations: 2
what are their current thoughts on this terrible idea? LESS transparency, LESS disclosure, have Buffett and Dimon gone wild? Buffett believes insiders, investment bankers, politicians, etc can keep secrets for 6 months? Buffett and Dimon need to spend a week in Brooklyn! Forgedaboutit!!
" Trump explored ending quarterly earnings reports during his first term, saying at the time that he had spoken to top business leaders and arguing it would allow for more long-term planning. In 2018, he asked regulators to study such a change, but the effort went nowhere.
That same year, JPMorgan Chase CEO Jamie Dimon and legendary investor Warren Buffett co-authored an opinion piece in The Wall Street Journal supporting the idea to move away from reporting quarterly earnings estimates, though made clear they weren’t opposing quarterly reporting itself. The pair argued that companies hold back on spending and hiring to meet quarterly earnings forecasts.
Publicly traded corporations have been required to submit quarterly earnings reports since 1970.
Write to Natalie Andrews at natalie.andrews@wsj.com and Corrie Driebusch at corrie.driebusch@wsj.com"
https://www.wsj.com/finance/regulation/trump-calls... 