No. of Recommendations: 3
On the other hand, this is a Trump backed initiative and his motivations for less reporting are FAR more sinister. He wants it for the exact opposite reason- easier to hide financial chicanery, wants the ability to hide bad information and in general wants companies to be less burdened with informing investors of what they are doing. And because of that I am against changing the reporting rules!
I largely agree with your conclusion; I am not convinced that we need quarterly reports, but I don't think skipping 2 earnings reports a year is going to significantly lighten the regulatory burden on American companies.
However, I think a more accurate description of your attitude would be to say that "this is a Trump backed initiative and [so I am presuming that] his motivations for less reporting are FAR more sinister". I think it is a mistake to presume that anything that is backed by Trump must therefore be sinister, even if some things are.
dtb
