Comments on: Strange Choices http://www.peterfiresteinblog.com/2009/11/29/strange-choices/ CORPORATION, REPUTATION, AND SOCIETY Wed, 18 May 2011 18:44:36 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: John W. Taylor http://www.peterfiresteinblog.com/2009/11/29/strange-choices/comment-page-1/#comment-29 John W. Taylor Sun, 31 Jan 2010 19:06:39 +0000 http://www.peterfiresteinblog.com/?p=133#comment-29 Having worked in corporate finance for a publicly-held company, I can certainly appreciate the time and attention that preparing quarterly financials requires. However, the accumulation of the financials and even the analysis of financial composition and variances is done at a corporate level significantly below the executive suite. The decision to focus on the short-term is influenced by the quarterly reporting, but management (and the Board) ultimately determine the focus and direction of the company. I would view the company's actions and disclosures with close scrutiny. The onus is on the company to prove that less information to the investment community is actually benefiting the shareholders. Having worked in corporate finance for a publicly-held company, I can certainly appreciate the time and attention that preparing quarterly financials requires. However, the accumulation of the financials and even the analysis of financial composition and variances is done at a corporate level significantly below the executive suite. The decision to focus on the short-term is influenced by the quarterly reporting, but management (and the Board) ultimately determine the focus and direction of the company.

I would view the company’s actions and disclosures with close scrutiny. The onus is on the company to prove that less information to the investment community is actually benefiting the shareholders.

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