President Donald Trump suggested on Monday that U.S. businesses stop issuing quarterly earnings reports.
“Subject to SEC Approval, Companies and Corporations should no longer be forced to ‘Report’ on a quarterly basis (Quarterly Reporting!), but rather to Report on a “Six (6) Month Basis,” the post began. “This will save money, and allow managers to focus on properly running their companies. Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???’ Not good!!!”
Current Securities and Exchange Commission (SEC) regulations require public companies to report earnings quarterly, but a change to reporting