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SEC Proposes Allowing Public Companies to Report Earnings Twice a Year
📰 Original title: SEC eyes shift to twice-yearly earnings reports
🤖 IA: It's not clickbait ✅
👥 Usuarios: It's not clickbait ✅
View full AI summary: https://killbait.com/en/sec-proposes-allowing-public-companies-to-report-earnings-twice-a-year/?redirpost=538d7e4a-915c-4c4e-bca9-ca535ef3a1cf
SEC Proposes Allowing Public Companies to Report Earnings Twice a Year
📰 Original title: SEC eyes shift to twice-yearly earnings reports
🤖 IA: It's not clickbait ✅
👥 Usuarios: It's not clickbait ✅
View full AI summary: https://killbait.com/en/sec-proposes-allowing-public-companies-to-report-earnings-twice-a-year/?redirpost=538d7e4a-915c-4c4e-bca9-ca535ef3a1cf
@StarkRG the counterexample to that would be a #Cooperative where the mandate is not to maximize short-term profits, but the interests of shareholders in a sustainable fashion and where there's only 1 voting share per shareholder regardless if they only have the bare minimum in investment or millions parked in it.
Otherwise both pay dividends based off success, have shareholder meetings and have to release their financials as well as being independently audited.
Plus cooperatives unlike stock companies can't be really shorted as they have sometimes slow and long timeframes for divestments with up to 3 years of pre-announcement period between maning the decision to divest and being actually paid out. Similarly membership and thus beibg a shareholder can be restricted.
@calcifer actually no, that's literally in the Law governing #PublicCorporations [in #Germany.]
#PublicCompanies exist to increase capital.
Otherwise they'd not go public and majority owners who don't want their business bled dry even take them #private again (i.e. #Dell)…