Convicted felon, liable for fraud, and luminous mind behind four bankruptcies, Donald Trump wants public companies to report results half as frequently.

Where is the sense in this? Having served as a senior executive at several public companies, chasing "the number" is a pain in the butt. I have certainly seen folks do outlandish things to try and hit estimates or The Street's expectations; however, I wouldn't recommend less oversight. That is a clownish solution to a problem that doesn't really exist. You can have a fifty- or one-hundred-year plan, and still report numbers frequently enough for shareholders and prospective investors to have a clear idea of what is going on in the business. Reducing reporting requirements will only make it easier for individuals and corporations to commit

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