'If it ain't broke, don't fix it,' ex-banker says of quarterly earnings [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
show chapters Biannual earnings means less information for shareholders, which is not a good idea, author and former banker Bill Cohan told CNBC on Friday. If it ain't broke don't fix it. How can it possibly be a bad thing for investors, retail investors especially, to have more information about a company on a quarterly basis? Cohan said on Power Lunch. President Donald Trump on Friday advocated for a possible end to the long-used quarterly earnings reports for publicly traded companies, saying it would boost business and in turn help create jobs. He said he spoke with the retiring CEO of PepsiCo , Indra Nooyi, who had mentioned biannual reporting as a way to, in Trump's words, make it even better. Opponents of reducing the frequency of earnings reports argue it would cut back on business transparency and accountability. Last time I checked, the president was tweeting about how this is the greatest economy ever ... so everything's going g
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