If you are the CEO of a Fortune 500 company in the US, then be prepared for a life in the corner room of about five years. That’s the median tenure enjoyed by a CEO before they move out for any number of reasons, but mostly due to performance pressure. The average tenure tends to be a bit longer—7 years—but is skewed by a handful of long-serving CEOs. So, the median tenure is a better indicator.

As a former entrepreneur, US President Donald Trump well understands the pressures of a corporate life. Not surprisingly, then, he wants the Securities and Exchange Commission (SEC) to put an end to the mandatory quarterly reporting of financials by listed companies. Writing on Truth Social, the President said: “Subject to SEC Approval, Companies and Corporations should no longer be forced to “Report” on a quarterly basis (Quarterly Reporting!), but rather to Report on a “Six (6) Month Basis.” This will save money, and allow managers to focus on properly running their companies. Did you ever hear the statement that, “China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???” Not good!!!”

A Road Well Travelled

It’s not the first that Trump has made such a call. In his first term, he had asked the SEC to examine the idea, but nothing came of it. But more than a decade ago, policy makers in the European Union not only commiserated with their stressed corporate chieftains........

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