U.S. financial regulators will soon modify or rescind the 55-year old rule requiring public companies to issue formal financial reports every 90 days. Surveys of business leaders consistently reveal concerns about the cost and distraction of preparing and managing the short-cycle reporting process. They also provide evidence of a short-term bias in corporate decision-making, linked to the pressures of the current quarterly reporting cycle. There is an acknowledged tendency to sacrifice long-term strategic i ...