Lipton Looks To London, Advocates Against Quarterly Reporting

Martin Lipton is a powerful and influential voice defending corporate boards and long-term planning. He has derided activist investors and assisted corporations in defending against short-term thinking. With this background in mind it should come as no surprise the partial namesake for the Wall Street law firm of Wachtell, Lipton, Rosen & Katz yesterday echoed voices from London calling for an end to quarterly financial reporting.

Lipton looks at London and wants long term corporate thinking to rule the day

In a memo published on the much watched Harvard Law School Forum on Corporate Governance and Financial Regulation blog,...