Buffett Says Earnings Guidance Can Lead to Corporate Malpractice

Updated on
  • Dimon, Buffett among group releasing letter on governance
  • Suggestions include ending earnings guidance, diverse boards

Buffett, Fink, Dimon Push 'Commonsense' Governance

Warren Buffett, who is among business executives pushing for improved corporate governance, said that the practice of telling Wall Street what to expect from quarterly earnings can distort management’s priorities.

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