Why Not Have TV Cable Channels For Corporate Conference Calls?
In mid-October of 2012 Citigroup had their corporate conference call on TV. There it was playing on CNBC in the middle of the business day. I thought that was great, and it’s good to see that a bank which is too big to fail is truly opening it up for questions in that way. Plus, I thought there was more transparency because you could truly see who was asking the question, and perhaps that’s the value of television along with Internet video feeds. Personally, I’d like to see more of it, and that leads me to my next concept and idea, what I’d like to proportion with you, and perhaps this is a pitch for a future cable network potentially eventuality.
If you have cable TV like I, then you realize that up around the highest possible numbers there are music stations. There is a music stop for light rock, heavy rock, country, gospel, funk, techno, rap, 70s, 80s, 90s rock and roll, in addition as jazz and classical. What if during earnings season cable TV allowed corporate conference calls of as many of the Fortune 500 corporations who wanted to participate? What if every corporation on the Dow had their conference calls on TV?
Talk about transparency, think of the value to the company, and also to the investing public? This might bring small time investors back again to buy stocks for the long-term, instead of just day-trading away, or avoiding the stock market altogether. Best of all, it gets back to what the stock market was originally produced for; to capitalize American businesses, and to allow the public to be involved in the growth of those companies and their earning possible. Wouldn’t it be great if was all on TV? I think it would.
Perhaps companies like Time Warner Cable, Verizon, and Comcast could all provide this service. It’s not as if they don’t have additional channels to broadcast this. Likewise, the satellite TV providers can do the same thing; Dish Network and DirecTV. Perhaps corporations might also have a good bit if their annual meetings were televised in this way. Consider if you will that your local City Council Meeting, and County Commissioner Meetings, and probably the local Planning Commission in addition are all obtainable on TV now. Why not the largest corporations which hire the most people?
If this was obtainable, perhaps the American People would understand what these corporations do, how they think, and how they function. That would be a good thing. It seems too bad that due to the political rhetoric and the class warfare that we are condemning the corporations which in many regards have a lot to do with the pension funds, and investments people have in their ETF’s and 401(k) for example. Indeed I hope you will please consider all this and think on it.