Showing results 1 - 10 of 25
| Mark Roe | Robert Pozen
Six Months Isn’t ‘Long Term’. Robert Pozen, Mark Roe, August 20, 2018, Opinion, "President Trump tweeted on Friday that he had directed the Securities and Exchange Commission to study a suggestion from a business leader, later revealed as outgoing Pepsi CEO Indra Nooyi: “Stop quarterly reporting & go to a six month system.” The popular..."…
| Robert Pozen
Impact of Reporting Frequency on UK Public Companies. Robert Pozen, 2017, Paper, "Beginning in 2007, UK public companies were required to issue quarterly, rather than semiannual, financial reports. But the UK removed this quarterly reporting requirement in 2014. We studied the effects of these regulatory changes on UK public companies and found that the frequency of financial reports had no material impact on levels of corporate investment.…
| Mark Roe | Robert Pozen
Those Short-Sighted Attacks on Quarterly Earnings. Robert Pozen, Mark Roe, October 7, 2016, Opinion, "The clamor against so-called corporate short-term thinking has been steadily rising, with a recent focus on eliminating the quarterly earnings report that public firms issue. Quarterly reports are said to push management to forgo attractive long-term projects to meet the expectations of investors and traders who want smooth, rising earnings from…
| Robert Pozen
No More Dizzying Earnings Adjustments. Robert Pozen, June 21, 2016, Opinion. "Whether Microsoft’s $26.2 billion purchase of LinkedIn makes sense might depend on where you look. Glancing at LinkedIn’s press release for the full year 2015, you will see a prominent projection for “adjusted” earnings this year of $950 million. Yet if you closely read the press release and its appendix, you can figure out that the company’s projected 2016 earnings…
| Mark Roe | Robert Pozen
Those Short-Sighted Attacks on Quarterly Earnings. Robert Pozen, Mark Roe, , October 7, 2015, Opinion. "The clamor against so-called corporate short-term thinking has been steadily rising, with a recent focus on eliminating the quarterly earnings report that public firms issue. Quarterly reports are said to push management to forgo attractive long-term projects to meet the expectations of investors and traders who want smooth, rising earnings…
| Robert Pozen
Retiree Healthcare Plans: The Hidden Threat To Local Governments. Robert Pozen, March 25, 2015, Video. "Robert C. Pozen is Senior Lecturer at Harvard Business School and Senior Fellow at the Brookings Institution. He was formerly Chairman of MFS Investment Management®, which manages over $200 billion in assets for over five million investors worldwide. This represents an increase of about 75% from the first half of 2004 when Bob was named…
| Robert Pozen
Debt-Saddled Municipal Budgets Get a Lifeline: A unanimous Supreme Court held that health benefits for retired workers can be renegotiated or reduced. Robert Pozen, March 1, 2015, Opinion. "While underfunded public-employee pensions capture the headlines, health-insurance benefits for retired state and local workers are also a huge problem. But a recent ruling by the Supreme Court may help state and local governments scale back these benefits.…
| Robert Pozen
The Other Debt Bomb in Public-Employee Benefits, Robert C. Pozen, January 16, 2015, Opinion, Public-pension funds have garnered attention in recent years for being underfunded, but a more precarious situation has received much less notice: health-care obligations for public retirees. Unlike pension plans, governments are not required to contribute to separate trusts to support health-care promises. As a result, only 11 states have funded more…
| Robert Pozen
How to Curb Short-Termism in Corporate America, Robert C. Pozen, January 2015, Paper, Although some criticisms of corporate short-termism are warranted, others are exaggerated. Institutional investors--the dominant holder of publicly traded stock--have supported long-term plans of companies with good track records. Nevertheless, certain reforms are needed to curb short-termism, such as shorter filing periods for 13D notices and limits on empty…
| Robert Pozen
The Misdirected War on Corporate Short-Termism. Robert Pozen, May 22, 2014 , Opinion. "A clamor is rising against "short termism" -- judging a company by its performance over the past quarter, rather than the past few years. BlackRock CEO Laurence Fink and Delaware Supreme Court Chief Justice Leo Strine, for example, recently joined the Business Roundtable and others in decrying the strong pressures for short-term results exerted by daily stock…