Trump Advocates for Shift from Quarterly to Semiannual Corporate Reporting
Former President Donald Trump is calling for U.S. companies to abandon the practice of quarterly earnings reports, proposing that public companies should instead report their results every six months. Trump argues that eliminating quarterly reporting would not only reduce costs for businesses but also allow management to focus more on long-term growth strategies. He suggests that this shift could be beneficial in creating a more stable corporate environment, as companies would not feel pressured by short-term performance metrics. The proposal has gained attention, with the Long-Term Stock Exchange (LTSE) indicating plans to petition the SEC to allow for reduced reporting frequency.
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