Personally I'd look at this exercise as a core part of their job I don't see how reporting on the financial results of the company to its owners on a quarterly basis is a distraction. Is this a huge endeavor for the finance/legal/IR teams, yes. Does this impact the operations of the business, not a whole lot.
> don't see how reporting on the financial results of the company to its owners on a quarterly basis is a distraction
I invest in mostly private companies. I’m be pretty furious if I learned those executives spend a material part of every quarter making pretty presentations for me.
> Does this impact the operations of the business, not a whole lot
Every public-company CEO and CFO I know basically has to drop what they’re doing for a week, sometimes two, a quarter when it comes to earnings. Preparing reports and releases. Talking to big investors and bank analysts.
Of course they do - it sucks and it really sucks for the finance team (but that’s their job). But I’m 100% on board with the rest of the leadership team spending four weeks a year reporting on the results of the company to the people that actually own the company.