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Title: The Renewed Bid To End Quarterly Earnings Reports
Link: https://news.slashdot.org/story/25/09/09/1535...
Public companies in the U.S. have dutifully shared financial results with
investors every three months for the past 50-plus years. A new proposal hopes
to change that. WSJ: The Long-Term Stock Exchange plans to petition the
Securities and Exchange Commission to eliminate the quarterly earnings report
requirement and instead give companies the option to share results twice a
year, the group told The Wall Street Journal. It says the idea would save
companies millions of dollars and allow executives to focus on long-term
goals instead of worrying about hitting quarterly targets or prepping for
earnings calls. "We hear a lot about how it's overly burdensome to be a
public company," said Bill Harts, the exchange's chief executive officer.
"This is an idea whose time has come." President Trump briefly explored the
idea during his first term, and current SEC leadership has signaled an
interest in reducing regulation. LTSE representatives recently discussed
their proposal with SEC officials and left the meeting encouraged, people
familiar with the matter said. LTSE is a stock-trading venue for companies
focused on long-term goals. Its proposal would apply to all U.S. public
companies, not just the few listed on its exchange. The group thinks such a
move could revive the shrinking number of public companies, which some see as
an existential threat for the American economy and investors.
Read more of this story at Slashdot.
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