Sign up to The Irish Times Archive (1859 - 2008)My Account »

Wed 06 Jun 2007US attack on quarterly guidanceUS companies will today come under renewed pressure to scrap quarterly earnings guidance from a high-profile coalition of business people led by a former regulator.The group, chaired by William Donaldson, former Securities and Exchange Commission chairman, will warn that excessive focus on short-term results damages the country's economy and plays into the hands of hedge funds and private equity groups.