President Trump proposes that companies publish semi-annual and not quarterly results

WASHINGTON, August 19 ( – US President Donald Trump has called on the Securities and Exchange Commission (SEC) to consider abolishing the obligation for companies to publish quarterly results

More flexibility and money saving [19659003] Donald Trump ” am-card-image=”top” data-lazy-srcset=”×54.jpg 81w,×451.jpg 676w,×512.jpg 768w,×661.jpg 992w,×107.jpg 160w,×208.jpg 312w,×448.jpg 672w,×80.jpg 120w, 1400w” sizes=”(max-width: 81px) 100vw, 81px” data-dominant-color=”#2b2626″/>

Trump said after interviewing several senior business executives, SEC had asked to see if the publication of results once every six months would not help companies grow faster and get more jobs. to create. Companies "would allow more flexibility and money saving", wrote Trump about Twitters. The president later told journalists that PepsiCo CEO Indra Nooyi was especially urged to leave in October

SEC request continued to study

Nooyi later stated that he discussed with other company directors how companies can be better guided for a longer term vision " She added that reducing the frequency of disclosure of financial reports was one of several of her proposals.

Experts have long argued that the practice with which companies publish each quarter of the profit forecast, too much pressure on performance in the short term The head of the Securities and Exchange Commission, Jay Clayton, stated in SEC that SEC "continues studying" the reporting requirement and other rules for companies with publicly traded shares

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