Trump calls for profit reports every 6 months so that the executives can focus on managing their companies properly.

On Monday, President Trump put forward many in American companies that will be a welcome surprise – an end to a arduous cycle of quarterly profits.

in After social truth, The President from the Trump social media platform said that only companies should be asked to report financial results every six months, and to stay away from the rhythm of the quarterly reports that determine the company’s evaluation.

“Taking into account the approval of the Supreme Education Council, companies and companies should no longer be forced to” report “on a quarterly basis (quarterly reports!), But rather to report” six (6) months. “

“This will save money, and allow managers to focus on managing their companies properly,” he added. “Have you ever heard the statement that China has a view of 50 to 100 years about the management of a company, while we manage our companies on a quarterly basis ???” Not good !!! “

Financial reports standards differ between international markets. American exchanges of public companies require reporting the financial statements every quarter, while most of the stock exchanges in Europe require only twice a year.

the Securities exchange law 1934 SEC enables quarterly financial reports to request companies listed in the United States.

Trump himself has a lot of experience in dealing with SEC reporting requirements. In 2002, his company Trump resorts for hotels and casino settled with the Supreme Education Council On a Report from 1999 Its “modified” profits included a one -time profit of $ 17.2 million, but it excluded a fee of $ 81.2 million.

Trump’s settlement with the Supreme Education Council appeared during his first president’s race in the context of what was then Delicious discussion in the investment community On the value of the GAAP against other than the principles of accounting generally accepted (or “average) financial results. The previous criterion is how American companies are required to report their financial data, according to the government accounting standards council; The last criterion enables companies to include or exclude some elements to provide investors with what management is often considered a more accurate image of basic business.

Warren Buffett, CEO of Berkshire Hathaway (BRK-BWhat did not host a quarterly profit call, offered over the years against the use of modified financial statements, the broader song and dance for these regular reports.

He has 2022 messages to shareholdersBuffett warned, “even Operation The profit number we prefer can easily be processed by managers who want to do so. It is often believed that such absurdity is evolving by CEOs, managers and their advisors. Journalists and analysts also embrace its existence. “