BySara Dorn,
Forbes Staff.
President Donald Trump said Monday businesses should abandon quarterly earnings cycles for a six-month schedule, re-upping an idea he floated during his first term and claiming it would be more efficient and cost-effective.
“This will save money, and allow managers to focus on properly running their companies,” he wrote on Truth Social, adding “Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???’ Not good!!!”
Trump noted the change would be subject to approval from the Securities and Exchange Commission, which has required companies to report quarterly earnings since 1970.
