I posted last week that the US is considering ending quarterly reporting requirements for listed firms.
Trump got on board with this Monday with a post to his social media app Truth:
- 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.” 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!!!
During his first term Trump also supported this proposal.
This article was written by Eamonn Sheridan at investinglive.com.