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Marketplace All-in-One

Is there such a thing as too much transparency?

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 16 September 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

On Monday, President Trump said public companies should no longer report quarterly earnings. Instead, he suggested corporations report just twice a year. Trump isn't the first to suggest a pared-down reporting schedule, but the idea raises questions about the balance between corporate transparency and long-term growth. Also on the show, the South Korean government has launched an investigation into potential human rights violations during a U.S. immigration raid at a Hyundai plant in Georgia, where 300 South Korean workers were detained and deported. So what does this episode tell us about the U.S. immigration system? Stuart Anderson, executive director of the National Foundation of American Policy, joins us to discuss.

Transcript

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0:00.0

Is there such a thing as too much transparency? From Marketplace, I'm Sabri Beneshore, in for David Brancaccio.

0:09.4

You know how public companies report results every three months? They tell you how business is doing.

0:13.7

Well, in a post-on-truth social, President Trump has said they should not have to do that so often.

0:18.2

Instead of reporting four times a year, corporations should only

0:21.0

have to report twice year. There are actually many critics of the quarterly report, including

0:25.9

influential investor Warren Buffett and 2016 presidential candidate Hillary Clinton. Marketplace's

0:31.5

Savannah Peters has more. American investors have come to expect and rely on frequent disclosures

0:37.1

from public companies.

0:38.9

Above and beyond what's required by the Securities and Exchange Commission, says Caleb Silver with

0:44.3

Investopedia.

0:45.6

We want to be able to open up the hood and look at performance across divisions.

0:49.6

We want to hear from management on the progress of new products.

0:53.0

We want to hear about challenges.

0:54.9

And Silver says results calls give investors in the public a quarterly window into things like

1:00.1

wholesale prices, what businesses are investing in, how consumers are feeling and spending.

1:06.5

Not just inside the company, inside the sectors that they're working in, and across the broader

1:10.9

economy. Silver says getting updates half as often could cloud that view. But it could also reduce

1:17.5

pressure on companies to meet short-term investor expectations, according to Mohan Van Ketachelum at Duke's

1:24.5

School of Business. It may be good for the long run of the firm and the economy, because maybe it will boost

1:31.5

innovation. It would boost long-term thinking.

1:34.4

Which could help companies and the economy grow.

1:37.8

If the SEC scales back requirements, Venkatachalum says we'll find out if that growth is worth

...

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