Or even start with monthly. The problem with quarterly reporting is the internal efforts to "game" the quarter. The more aggressive disclosures are, the less of a shell game people can play to "make the report come out right."

Moving it to bi-yearly does the opposite. CEOs can now do the same amount of gaming with half the effort. Or twice the gaming with the same effort.

Should be obvious who this change is for.

Yes, reporting should be a non event. This move will encourage bad behavior imo