alt Hacker News>I'll bet 1 share...
I won't be your counterparty on that bet, you've already won:
https://www.forbes.com/sites/saradorn/2025/09/15/trump-wants...
One of the reasons cited? All the work it takes. Which is just an insane response. If your business is so poorly run and organized that reconciling things each quarter represents a disproportionate amount of effort, something is very wrong. It means you definitely don't know what's going on, because by definition you can't know, not outside those 4 times a year. In which case there's a reasonable chance the requirement to do so is the only thing that's kept it from going off the rails.
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There is a huge difference between reconciling things for your own business strategy and reconciling things in accordance with federal public company reporting standards for publicly traded companies.
These standards are different than IRS reporting.
There's a huge difference between internal and external reporting from an effort and benefit perspective.
I rarely agree with Trump, but I'm a former exec at a public company and he's not wrong. You need a horde of lawyers and accountants and investor relations and SOX compliance people and auditors etc for the earnings reports. SOX adds burdensome processes at every layer of the organization. Your CFO and CEO will be preoccupied by earnings. It's a real disincentive for a small/medium cap company to go (or stay) public. A PE firm taking a company private can get rid of all this overhead on Day 1.
Not to mention, quarterly reports incentivize a company to focus on the current quarter instead of longer-term sustainability. Reporting twice a year doesn't solve all the above problems, but it sure would reduce them a little.