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I have worked on Wall Street, and now in FP&A. I agree with their assessment for several reasons: External outlooks rarely provide value to wall street. They
by wtvanhest 8y ago
I have worked on Wall Street, and now in FP&A. I agree with their assessment for several reasons:
External outlooks rarely provide value to wall street.
They are internally time consuming for FP&A.
I'm confident that they take time and mindshare away from CEOs that could be spent on improving the company. Further, new CEOs usually have no experience with Wall Street so they must learn on the job which further exacerbates the time and energy required.
I hope that this gains traction as it will help all companies become more productive.