Jamie Dimon: Tariffs Aren't the Way to Go

09 Juin, 2018, 17:28 | Auteur: Yves Courtet
  • Buffett Dimon make plea to halt quarterly guidance so management can think long-term

Buffett, who is chairman of Berkshire Hathaway Inc (BRKa.N), and Dimon wrote in a Wall Street Journal column on Thursday that the pressure to meet short-term estimates has contributed to a fall in the number of USA public companies.

"Public companies should be managed for long-term prosperity, not to meet the latest forecast". As a result, corporations "frequently hold back on technology spending, hiring, and research and development" that would improve businesses' future growth, Buffett and Dimon say. Around that time, big companies like Coca Cola, UPS and AT&T said they would no longer give quarterly guidance.

Dimon, is chairman of the Business Roundtable, an association of almost 200 CEOs that is also backing the push to eliminate so-called short-termism.

In an interview earlier today on CNBC, Warren Buffett and Jamie Dimon told viewers to "beware" of bitcoin.

En Indonésie, un orang-outan sauvage tente de sauver sa forêt — Vidéo
Aujourd'hui, on estime la population mondiale de cette espèce de singes à 70.000 ou 100.000 spécimens. Entre 1999 et 2015, 100.000 d'entre eux sont morts, selon une étude publiée dans Current Biology .

Tiger Woods yacht 'Privacy'
The area around Shinnecock Hills on the eastern end of Long Island is full of lovely rental homes and beachside hotels. After offering the boat to Elin Nordegren during their divorce proceedings, Woods tried to sell the boat in 2011.

Un enfant meurt écrasé dans un ascenseur de centre commercial — Val-d'Oise
Au moment de sortir de la cabine, l'ascenseur aurait chuté sur une courte distance, coinçant l'enfant et le tuant sur le coup, rapporte Le Parisien .

FILE PHOTO: Jamie Dimon, CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit during a panel discussion at the Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., April 11, 2018.

On Thursday morning, the Business Roundtable which includes CEOs of US companies with more than 16 million employees and more than $7 trillion in annual revenues, weighed in supporting the proposal.

"We think the president has raised some very critical issues about trade, especially with China, around state owned enterprises, fair competition, market access, the ability to own 100% of a company, and these things should be negotiated out and the Business Roundtable supports those issues", Dimon said. "Such short-termism is unhealthy for America's public companies and financial markets - which are critical to economic growth and financial prosperity", Business Roundtable said in a statement.

Buffett and Dimon said they were not opposed to the practice of quarterly and annual reporting that ensures transparency. "When companies get where they're sort of living by so-called making the numbers, they do a lot of things that really are counter to the long-term interests of the business".

Conseillé:



Populaire

Fils de légende de la Formule 1 a dépassé son père
Nul doute qu’elle offrira à Mika la meilleure option pour poursuivre sa carrière dans le sport automobile. Et il n'est pas Andrei Arshavin, pour répondre à la question sur les attentes facilement et naturellement.

President Trump Expresses Support For Bipartisan Marijuana Fix
Marijuana has been fully legalized in eight states, with 24 states allowing some form of use. And his office echoed that today when HuffPost reached out for comment.

Thousands in London for Trooping the Colour spectacle
Colours, or flags, were carried, or "trooped", down the rank so that they could be seen and recognised by the soldiers. The Countess of Wessex, Lady Louise Windsor, Princess Beatrice and Princess Eugenie shared a carriage behind them.

Chuck Schumer Rips Trump Amid Reported ZTE Deal
At the weekend, the company is believed to have agreed to the plan although a "settlement" document has yet to be signed. The President himself ordered the Commerce Department to help out ZTE.

Boxe - Donald Trump pourrait grâcier Mohamed Ali
Trump a déjà accordé un pardon posthume à Jack Johnson, le premier Noir à avoir été champion poids lourd. Mohamed Ali était à l'époque l'une des personnalités les plus en vue du Mouvement des droits civiques .

Virat Kohli's Wax Statue Damaged at Madame Tussauds
Indian captain Virat Kohli is known for his leadership skills as he leads his team from the front. It is the twenty-fourth location for the Tussauds, which was set up by sculptor Marie Tussaud.

Noble and Adrian send messages to West Ham teammate Manuel Lanzini
The seriousness of the injury also means Lanzini is likely to miss the opening games of the 2018-19 Premier League season. They will have a very challenging if not impossible task to get Lanzini fit in time to play at the start of the season.

Labour's New Brexit Plan Immediately Criticised By Its Own MPs
May has said Britain will leave both the customs union and single market. Despite the move towards a softer Brexit, Mr Corbyn's... That is what Liberal Democrats will be voting for.

Top 14: Maxime Mermoz et Théo Balan s'engagent au Stade Toulousain
Théo Belan, 26 ans, a lui débuté sa carrière à Toulon, son club formateur, avant de rejoindre Lyon lors de la saison 2016-2017. Maxime Mermoz est de retour au bercail.

Les NTIC : avantages et inconvénients
En effet, avoir mille et une tâches à accomplir à la fois, ça peut avoir des effets négatifs. En effet, les travailleurs effectuent les tâches beaucoup plus rapidement tout en conservant leur qualité de vie.