I’m not opposed to the idea. But let’s not pretend that the reason why our economy is the way it is is because of quarterly reporting. It’s because of capitalism. That is the reason why we have extreme wealth inequality and will continue to do so
And let’s not forget, the pedophile never does anything that doesn’t directly benefit himself or his cronies. This will certainly decrease corporate transparency and will probably hurt the consumer in multiple ways, as is most “policy” proposals from these ghouls
timelessblur on
As stupid and insane as that sounds the over all concept I am not against. Part of the problem with publically traded companies is they only think 1 quarter at a time and time and time again will do massive long term sacrifices for very short term gains as it boost the stock price if they started focuses 5 year+ out more and more it would be better and be more willing to take a short term pain in profits for long term growth.
RiskFuzzy8424 on
Increasing the business cycle to quarterly reporting means companies can expect higher annual profit margins. Not that that logic will change with annual cycles. But, breaking the trend can influence businesses into more reasonable models. The current landscape is not sustainable at more than 2% growth annually. Some businesses want double-digit Growth quarterly. These expectations strongly affect consumers wallets. This suggestion isn’t bad; but, you have to kill shareholder primacy. Shareholder primacy is bad business.
Chockfullofnutmeg on
Companies should focus on longer term objectives and fundamentals.
At the same time we all know this if cover up the damage that companies have tried limit, manage from tariffs and massive policy/regulatory changes.
Evilmahogany on
Although it would help with the “one quarter at a time” mindset US companies have, I fear the decrease in transparency could lead to a drastic increase in the effectiveness of insider trading.
Goatmannequin on
Company earnings are one of the reasons that we know whether the economy is stable or not. If they’re eliminated then the government can just make up numbers. You would of course be thinking about this if we were about to hit an economic depression.
chaos_kiwis on
There is absolutely no world where self serving corporations being held to an even lower standard of transparency is a good thing. Additionally, this would exaggerate the timelines for rational decision making. Can anyone explain why this would be a good thing?
ktaktb on
The idea that with technology like
Web3
Blockchain
24hr trading of stocks and
Cryptocurrency
Smart contracts
AI
and also:
Social media
Deregulation!
Freedom!
all of this tech and now we are going to have less data and transparency on corporate performance???
LOL
Seems like Elon and the rest want to keep their fortunes growing via vibes and social media propaganda as opposed to real world results and performance.
When you divorce success from actual performance, you’ve created conditions to empower liars, cheats, and charlatans. Everything might seem okay or even better while the lies prevail, but eventually the mirage ends and all that is left is pain and misery.
smaxw5115 on
Not a good idea, if we look at the transparency of current large publicly traded firms with quarterly reporting and how forthcoming they are. Then and this proposal is to half that, from history we know why we have quarterly reporting, corporations already are not exactly open doors with their required reporting, reducing transparency will just encourage and lead to much more bad behavior.
alotofironsinthefire on
Seems most comments are talking about the con/pros of such a move.
While I think we should be more concerned about this coming from Trump because unprompt it’s a odd thing for him to be tweeting about.
So the question should really be, why did he bring it up now?
svengooli on
The real danger posed by trump is economic decline, not political division. Quarterly reporting is an essential indicator that economic actors rely on to make decisions.
Straight_Answer7873 on
I don’t think this would change very much. They could stop reporting, but that will really only change how investors react to things. These companies will very much still know this information, and will make decisions accordingly.
Forgemasterblaster on
Ultimately, publicly traded companies report their earnings, results, and communicate with investors on a quarterly basis in the name of consumer protections. Cutting down to bi-annual reporting requirements should be at the discretion of SEC and other regulators that interact with investors and are in place to protect them.
6 months is an eternity for an investor and the earnings/quarterly results are already unaudited. I’d be shocked any investor would be happy to know less for a longer period of time.
getmeoutoftax on
This wouldn’t be good at all for accountants/auditors (even if the statements are technically reviewed and not audited for quarters). Could devastate the public accounting profession.
FuguSandwich on
Anything that force companies to adopt a longer term view of their business rather than a short term current stock price one is a good thing.
However, companies will figure out ways to get around this by dribbling info out more frequently like they do today with whisper earnings.
Also, I can’t help but think that the timing of this is an attempt to forestall the bad earnings releases that literally everyone can feel coming. Trump will try and buy himself an extra 3 months and it will also allow for the “we’re just figuring out this new reporting frequency so there’s going to be one time charges and adjustments that make the numbers totally not comparable to historical data” fuckery.
shewflyshew on
If nobody can trust the data there will be zero investment. It’s so basic. This guy spends more time and energy thinking about how he can propagandize and lie rather than actually try to improve the economy and the lives of ALL Americans.
Ornery-Ticket834 on
So they don’t need to be transparent and they can burn stockholders more easily. Another great idea. This gives them more time to manipulate their books. Little sucker stockholders can take them “ at their word”.
airbear13 on
Why does this corrupt real estate mogul who’s never run a public corporation in his life think he can squeak into the White House with 50% of the vote and be entitled to fundamentally reshape everything in our society?
18 Comments
I’m not opposed to the idea. But let’s not pretend that the reason why our economy is the way it is is because of quarterly reporting. It’s because of capitalism. That is the reason why we have extreme wealth inequality and will continue to do so
And let’s not forget, the pedophile never does anything that doesn’t directly benefit himself or his cronies. This will certainly decrease corporate transparency and will probably hurt the consumer in multiple ways, as is most “policy” proposals from these ghouls
As stupid and insane as that sounds the over all concept I am not against. Part of the problem with publically traded companies is they only think 1 quarter at a time and time and time again will do massive long term sacrifices for very short term gains as it boost the stock price if they started focuses 5 year+ out more and more it would be better and be more willing to take a short term pain in profits for long term growth.
Increasing the business cycle to quarterly reporting means companies can expect higher annual profit margins. Not that that logic will change with annual cycles. But, breaking the trend can influence businesses into more reasonable models. The current landscape is not sustainable at more than 2% growth annually. Some businesses want double-digit Growth quarterly. These expectations strongly affect consumers wallets. This suggestion isn’t bad; but, you have to kill shareholder primacy. Shareholder primacy is bad business.
Companies should focus on longer term objectives and fundamentals.
At the same time we all know this if cover up the damage that companies have tried limit, manage from tariffs and massive policy/regulatory changes.
Although it would help with the “one quarter at a time” mindset US companies have, I fear the decrease in transparency could lead to a drastic increase in the effectiveness of insider trading.
Company earnings are one of the reasons that we know whether the economy is stable or not. If they’re eliminated then the government can just make up numbers. You would of course be thinking about this if we were about to hit an economic depression.
There is absolutely no world where self serving corporations being held to an even lower standard of transparency is a good thing. Additionally, this would exaggerate the timelines for rational decision making. Can anyone explain why this would be a good thing?
The idea that with technology like
Web3
Blockchain
24hr trading of stocks and
Cryptocurrency
Smart contracts
AI
and also:
Social media
Deregulation!
Freedom!
all of this tech and now we are going to have less data and transparency on corporate performance???
LOL
Seems like Elon and the rest want to keep their fortunes growing via vibes and social media propaganda as opposed to real world results and performance.
When you divorce success from actual performance, you’ve created conditions to empower liars, cheats, and charlatans. Everything might seem okay or even better while the lies prevail, but eventually the mirage ends and all that is left is pain and misery.
Not a good idea, if we look at the transparency of current large publicly traded firms with quarterly reporting and how forthcoming they are. Then and this proposal is to half that, from history we know why we have quarterly reporting, corporations already are not exactly open doors with their required reporting, reducing transparency will just encourage and lead to much more bad behavior.
Seems most comments are talking about the con/pros of such a move.
While I think we should be more concerned about this coming from Trump because unprompt it’s a odd thing for him to be tweeting about.
So the question should really be, why did he bring it up now?
The real danger posed by trump is economic decline, not political division. Quarterly reporting is an essential indicator that economic actors rely on to make decisions.
I don’t think this would change very much. They could stop reporting, but that will really only change how investors react to things. These companies will very much still know this information, and will make decisions accordingly.
Ultimately, publicly traded companies report their earnings, results, and communicate with investors on a quarterly basis in the name of consumer protections. Cutting down to bi-annual reporting requirements should be at the discretion of SEC and other regulators that interact with investors and are in place to protect them.
6 months is an eternity for an investor and the earnings/quarterly results are already unaudited. I’d be shocked any investor would be happy to know less for a longer period of time.
This wouldn’t be good at all for accountants/auditors (even if the statements are technically reviewed and not audited for quarters). Could devastate the public accounting profession.
Anything that force companies to adopt a longer term view of their business rather than a short term current stock price one is a good thing.
However, companies will figure out ways to get around this by dribbling info out more frequently like they do today with whisper earnings.
Also, I can’t help but think that the timing of this is an attempt to forestall the bad earnings releases that literally everyone can feel coming. Trump will try and buy himself an extra 3 months and it will also allow for the “we’re just figuring out this new reporting frequency so there’s going to be one time charges and adjustments that make the numbers totally not comparable to historical data” fuckery.
If nobody can trust the data there will be zero investment. It’s so basic. This guy spends more time and energy thinking about how he can propagandize and lie rather than actually try to improve the economy and the lives of ALL Americans.
So they don’t need to be transparent and they can burn stockholders more easily. Another great idea. This gives them more time to manipulate their books. Little sucker stockholders can take them “ at their word”.
Why does this corrupt real estate mogul who’s never run a public corporation in his life think he can squeak into the White House with 50% of the vote and be entitled to fundamentally reshape everything in our society?