When Intel Corp. CEO Paul Otellini told investors in January that the chipmaker would stop issuing mid-quarter forecasts, he couldn't have sounded more focused on improving corporate governance.
"Our goal is to have more meaningful discussions about the long-term strategies and trends for our business," Otellini explained to analysts and investors on a conference call.
His comments echoed increasingly popular calls from corporate governance advocates who say giving short-term forecasts -- or guidance, in Wall Street parlance -- pushes management to favor near-term profits over the creation of long-term value for shareholders.
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