Indra K. Nooyi

Trump calls on regulators to consider changing how often companies report earnings

Trump calls on regulators to consider changing how often companies report earnings

President Donald Trump called on financial regulators Friday to consider allowing public companies to share information with investors less often, a potentially major shake-up of how corporate America operates.

"That would allow greater flexibility & save money," Trump said in a tweet.

The proposal would mean rethinking a cornerstone of the country's accounting system since the Great Depression: Every three months, publicly traded companies must offer a detailed financial picture — including their revenue and profits — to shareholders. Many corporate executives have complained for years that such requirements are a time-consuming, costly distraction that leads...

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