TRUMP President Trump Calls To End Quarterly Financial Reporting, Suggesting Semiannual Schedule Instead

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President Trump Calls To End Quarterly Financial Reporting, Suggesting Semiannual Schedule Instead | ZeroHedge

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President Donald Trump suggested Monday on Truth Social that companies should stop filing quarterly earnings reports and instead move to a semiannual schedule. Trump’s call to replace quarterly earnings reports with semiannual filings revives a debate that also surfaced during his first term.

In his post, Trump said the idea is “subject to SEC approval” and would “save money, and allow managers to focus on properly running their companies.” He added: “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!!!’”
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Would be a massive change.
 
Upvote 9
Next he's gonna introduce a 5-year plan.
 
It’s not a bad idea. My wife works with budgets, and doing this crap every quarter is a nightmare. You end up spending an insane amount of time on number BS instead of actually doing your real job.
 
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I think I’ll trust the billionaire businessman just a little. Too many companies play this quarterly BS firing people one quarter to meet goals, then hiring them back the next. Rinse and repeat. Maybe if they didn’t have to report every quarter, they’d actually think about long-term gains instead of being so quick to fire people just to make a quarterly report look good.

I’m sure the real reason is Trump wants to hide the bad business numbers and job losses. And I’m sure those with TDS will say that.
 
@TOPDAWG
And I'll trust the capitalist countries who made this man a billionaire and not some ideas from communist countries.

Also, they would then just play biannual shenanigans instead of quarterly ones.
 
Quarterly reporting has only been a requirement for about 55 years. Before 1970 there was a semiannual report mandate and before 1955 there was merely a requirement to provide periodic reporting with no fixed schedule starting in 1934 when the SEC was created. I don't see the USA being any less capitalistic by cutting back the reporting schedule to a level that it has had in the past.
 
Not a bad idea, but most CEOs’ bonuses are tied to that crap. They’ll BS the numbers just to get their payout. They’ll still do it yearly, but at least it wouldn’t be every damn quarter.
 
Quarterly reporting is a massive cost to reporting issuer companies. Hard to say if making the reporting biannual would result in net benefits to investors or the public at large.
 
The main problem with the fixation on quarterly earnings isn't even the amount of payroll and other resources expended on reporting: it's the impediment to long-planning. Companies used to become successful because CEOs had vision and the freedom to play the long game, sacrificing short-term revenue in favour of sustainable long-term returns. Most CEOs who try to do that these days will get fired before their planning can bear fruit.
 
Maybe not I'm not going to lie anytime Trump has a brain fart he tells the world. I'll pull a ben Superio and ask my wife if this is good or not.
 
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