After reading the WSJ version of this article, I can see the argument in-favor: quarterly earnings reports put more weight on hitting short-term goals over long-term investment. That's just basic human nature, I suppose.

Yet flat out abolishing them seems a terrible price to pay in terms of transparency. Perhaps a middle ground, based on the size of the company in terms of revenue? Or some other (less onerous, I guess) means of reporting -- in quantifiable terms -- the health of a business each quarter?