The founders who can ignore quarterly pressure (Buffett, Zuck) can do it because they have dual-class shares or enough personal capital to tell Wall Street to pound sand. Removing the reporting requirement doesn't give that same power to a regular CEO -- it just gives them less accountability. The short-termism problem is real, but the fix is better market culture around long-term investing, not less transparency. Without quarterlies, the information gap between insiders and retail investors gets wider, not smaller.