That's so subjective. The idea isn't new, many have proposed twice-annually earnings reports; for example the LTSE (Long-Term Stock Exchange) has been trying to make it happen for a while.

If you have worked at a public or large company, chances are, you've probably seen first-hand negative examples of quarter-by-quarter optimization for quarterly earnings; that's far from the "global maxima" or "greatest long-term good".

Whether the downsides of less public/investor transparency, less frequent information, etc outweigh the (potential benefits) is a genuine question. There are plenty of words to describe the current SEC chair, this _isn't_ an example of moronic IMO.

I am torn on this issue, because I would love to disincentivize short-term thinking at the executive level, and I initially considered this a decent move in that regard.