Many of the same recommendations keep emerging from report after report -- no matter how nonpartisan or partisan the group.That happened just this week, on some level, with macro comments Treasury Secretary Henry Paulson made in opening a conference on international market competition, as well as with the six pointed recommendations the U.S. Chamber of Commerce offered to Congress and the investment community.
On the face of it, none of the suggestions outlined in the chamber’s report -- which include ending quarterly earnings guidance, retooling the mission and powers of the Securities and Exchange Commission, limiting the accounting industry’s exposure to litigation and upping the country’s retirement savings -- appears to be all that outlandish. But I’m always a bit leery where the chamber’s interests, which are those of the country’s biggest business lobby, are concerned.
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