Former Treasury Secretary Lawrence Summers has criticized the idea of eliminating quarterly earnings reports, a policy proposal floated by President Donald Trump in a Truth Social post last week.US Markets Built On ‘Accountability And Transparency’On Wednesday, in a post on X, Summers called the plan to scrap quarterly earnings releases “a bad idea whose time should never come.”He said that America's capital markets have thrived precisely because of their “accountability and transparency,” adding that “freq ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. President Donald Trump on Monday doubled down on a push he made in his first term to allow public companies to ditch quarterly earnings reports and instead shift to reporting every six months, according to a social media post on his Truth Social account.  “This will save money, and allow managers to focus on properly running their companies,” Trump wrote. “Did you ever hear ...