To share more with investors or less, that is the question on the minds of big-names in business.
None bigger than President Trump. Quarterly corporate earnings reporting is back in focus following a Trump tweet Friday that he has asked the SEC to explore changes.
"In speaking with some of the world's top business leaders I asked what it is that would make business (jobs) even better in the U.S. "Stop quarterly reporting & go to a six month system," said one. That would allow greater flexibility & save money. I have asked the SEC to study!," Trump tweeted.
Trump joins a growing chorus of business leaders including JPMorgan Chase (JPM) - Get JPMorgan Chase & Co. (JPM) Report CEO Jamie Dimon and Berkshire Hathaway's (BRK.A) - Get BRK.A Report (BRK.B) - Get Berkshire Hathaway Inc. Class B Report Warren Buffett to come out against quarterly reporting.
TheStreet's @BrianSozzi says Corporate America should have a Super Bowl for corporate earnings. That is where companies report once a year spanning three days based on their market caps. TheStreet's @JacobSonenshine thinks companies should report twice a quarter, and that doing so won't create more undue market volatility.