Subject: Re: Proposal to end quarterly reports,
"Let me present a different, un-American view. I donīt know how itīs nowadays but during my active life writing IT books the German view on this was: Quarterly report is the reason why American companies are thinking and acting short-term. Because the boss has to polish the numbers before they are released end of the quarter."

Also a very fair point. Jack Welch was famous for playing quarterly numbers. However, I would argue that changing how many times a year a company has to report isn't going to change that behaviour, it's merely going to move the goal posts for companies that do it. Again, it's been 55 years since America changed to quarterly reporting and the market has done just fine with it.