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Feb

01

Some Heresy on Wall Street: Look Past the Quarter

By Tony Seruga

Laurence Fink says companies should give shareholders a detailed long-term plan for the company’s business.CreditKarsten Moran for The New York Times

Most money managers clamor for companies to provide detailed guidance on their next quarter, down to the penny — but not the world’s largest investor.

Laurence D. Fink, co-founder and chief executive of BlackRock, which with more than $4.6 trillion in assets under management makes it the world’s largest investor, sent a letter to 500 chief executives late Monday urging them for the first time to stop providing quarterly earnings estimates…

Some Heresy on Wall Street: Look Past the Quarter

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