By Eve Tahmincioglu
Is the practice of corporations filing quarterly earnings estimates stifling innovation?
Berkshire Hathaway Chairman Warren Buffett and JPMorgan CEO and Chairman Jaime Dimon are lobbying to have Corporate America ditch earnings estimates now done quarterly.
The issue of short-termism has been plaguing corporations as executives have focused on short-term gains in lieu of long-term value. That has hampered innovations in products and services, many argue, including Buffett and Dimon.
Gary Lutin, chairman of The Shareholder Forum and Peter Gleason, CEO and president of the NACD, weigh in.
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