Trump Advocates Halting Quarterly Earnings Reports: Critics Cite Transparency Concerns
Former President Donald Trump suggested changing the current quarterly earnings report system to a semiannual one, citing potential cost savings and a focus on long-term company management. This proposal, contingent on SEC approval, echoes concerns raised by figures like Warren Buffett and Jamie Dimon, who have criticized the emphasis on short-term profits. While current regulations mandate quarterly reporting in the U.S., some argue that the increased transparency outweighs the drawbacks, and other global markets, like the U.K., already operate with semiannual reporting.
John Q. Hosedrinker