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Old 08-25-2018, 11:10 AM
 
Location: Macon, Georgia
909 posts, read 372,682 times
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Sound like good business sense.
Trump says asking SEC to consider ending quarterly earnings reports
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Old 08-25-2018, 01:15 PM
 
7,277 posts, read 4,295,818 times
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Another moronic idea.

Already been a thread about it.

//www.city-data.com/forum/inves...l#post52829817
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Old 08-25-2018, 05:52 PM
 
Location: OH>IL>CO>CT
6,026 posts, read 9,719,157 times
Reputation: 8578
And just how many jobs would be created by this change ?
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Old 08-25-2018, 05:55 PM
 
12,411 posts, read 9,985,243 times
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Since when is accountability a bad thing? This is such a bad idea and is an obvious ploy to please big business corporate interests.
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Old 08-25-2018, 07:42 PM
 
5,035 posts, read 3,642,845 times
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Quote:
Originally Posted by charlygal View Post
Since when is accountability a bad thing? This is such a bad idea and is an obvious ploy to please big business corporate interests.
Actually I like this proposal to eliminate quarterly reporting. It would make a great catalyst for cleaning up the calendar year. Right now we have the screwy Roman system with months that bounce between 31, 30 and 28 days which is just plain stupid. There are 52 weeks in a year which is perfectly divisible by 4 creating 13 equal months of 4 weeks each. Businesses will perform financial reporting semi-annually every 26 weeks. I think it would be far better than the inherently defective Julian calendar scheme. It is pretty sad that we cannot let go of so many poorly thought out Roman and European methodologies like the Julian calendar as just one example.
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Old 08-25-2018, 07:53 PM
 
2,960 posts, read 1,812,632 times
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Less information is never a good thing when it comes to investing. Stupid idea.
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Old 08-25-2018, 08:56 PM
 
3,977 posts, read 2,464,426 times
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This is different from where I’ve heard the profession would trend. I remember sitting in accounting classes in college where it was discussed that investors have increasing demands as technology progressed. It was speculated that the future could hold monthly reporting, especially as auditing became more streamlined. This “expectation gap” of what investors want versus what the profession thinks it can reliably provide is a cause for friction because of the greater risk and potential errors of rushing more info to the market.

But in trump world, we should have less transparency and less information to make capital allocation decisions. Stake holders want more information, faster. Not less, slower.

It’s amazing how trump can be the...expert...in so many areas with his simple solutions! What’s he going to solve next?
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Old 08-26-2018, 05:37 AM
 
3,273 posts, read 1,704,237 times
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"Quarterly earnings, they're a function of the weather, commodity prices, volumes, competitor pricing. And you don't really control that as CEO," Dimon told CNBC in June. "Sometimes you're just like the cork in the ocean, but do the right thing anyway and you're going to be fine in the long run."

Well, that's why you get paid $29.5M/annum. Do your ****in job and explain that to people. The audacity of this guy. It's unbelievable. If you can't explain to people why your company **** the bed that quarter, maybe you should get fired. That's your job. You get paid $29.5M.

They should cut his salary in half for being incompetent.

Last edited by Jobster; 08-26-2018 at 05:46 AM..
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Old 08-26-2018, 06:32 AM
 
Location: Texas
5,873 posts, read 7,255,409 times
Reputation: 2967
Quote:
Originally Posted by Jobster View Post
"Quarterly earnings, they're a function of the weather, commodity prices, volumes, competitor pricing. And you don't really control that as CEO," Dimon told CNBC in June. "Sometimes you're just like the cork in the ocean, but do the right thing anyway and you're going to be fine in the long run."

Well, that's why you get paid $29.5M/annum. Do your ****in job and explain that to people. The audacity of this guy. It's unbelievable. If you can't explain to people why your company **** the bed that quarter, maybe you should get fired. That's your job. You get paid $29.5M.

They should cut his salary in half for being incompetent.
It's why they have the earnings call Jaime, to give the official spokesperson & CEO the opportunity to say what happened, why and how they are going to fix it going forward.

Agree 100%. But this is also a guy who taunted Sen. Warren to give him a fine big enough, and he'll just write the check, so the SEC did. Idiots like Dimon paid over $930B in fines for Madoff, the "london whale", and mortgage (I'll call it what it was fraud), after making BILLIONS after the 2008 recession.
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Old 08-26-2018, 11:05 AM
 
Location: NYC
17,731 posts, read 11,290,628 times
Reputation: 21247
Tesla wanted to go private because of the annoyance of quarterly reporting and making sure wall street is happy. I don't think it should be ended but there are reasons why ending it make sense.
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