President Donald Trump said he think U.S. companies should report earnings every six months instead of quarterly, a controversial change that would disrupt longstanding practice and requires approval by the nation’s securities regulator.
“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,” Trump wrote on Truth Social this morning.
“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!!!”
China in fact does requires quarterly reports but the U.K. and Europe onl