President Trump has directed the Securities and Exchange Commission to study whether to shift from quarterly public reporting to a semiannual schedule. By all means study away, but there’s scant public evidence that quarterly reporting hurts investment, and it’s indisputable that public markets benefit from more information. Liberals have long complained about “short-term” management, and there’s always been an echo in corners of corporate America. Who wants to deal with those annoying journalists and stock analysts? The Business...

Source: Wall Street Journal August 22, 2018 23:15 UTC