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> In the private market are there really so many companies delivering reports no one reads ? Why would management keep at it then ?

In finance, you have to produce truly astounding amounts of regulatory reports that won't be read... until there is a crash, or a lawsuit, or an investigation etc. And then they better have been right!

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Got it that's a fair point - you're saying many companies deal with heaps of regulations and expediting that isn't really adding to productivity. I agree with you here. But even if 50% of what a company does is shit no one cares about - surely there's the other 50% that actually matters - no? Otherwise how does the company survive financially.

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