Bridge over ocean
1 January 1945 Financial Analysts Journal Volume 1, Issue 1

Retrogression in Annual Reports to Stockholders?

  1. Oscar M. Miller

Despite the requirements of the U.S. SEC in recent years for corporations to file standardized financial reports in detail, the annual report is still the basic tool analysts use. The question is whether recent streamlined annual reports aimed at the general reader have suffered a loss of data and substance. The loss of statistical information is even noticeable in the reports of U.S. Steel Corporation, previously an exemplar in providing full information to stockholders. Analysts support the production of readable and humanized annual repots, but they need facts. Indeed, corporations should provide more rather than less statistical material in their reports.

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