The Securities and Exchange Commission (SEC) has a rule which
requires public companies to report interim results quarterly.
President Trump would like to see the SEC change that to instead
permit semi-annual reporting of these results. The President thinks
that U.S. companies is too short-term. Such a reduction in reporting
obligations is a sign to corporate executives that they have been
listening too much to their companies' shareholders, that is, their
bosses. Just who do these bumptious investors think they are,
your sarcastic Peasant wants to know?
The government should not be sending this message. If they do,
the shareholders will certainly counter with a message of their
own, and the government and the company bigwigs will not
receive it warmly.
This is not one of President Donald J. Trump's better ideas.
MEM
No comments:
Post a Comment