Animats' post is one of the best in HN history. Most people who follow financial news know that share buybacks increase EPS, but Animats goes a whole level dee

Animats' post is one of the best in HN history. Most people who follow financial news know that share buybacks increase EPS, but Animats goes a whole level deeper. As we found out from Wall Street's behavior during the recent crash, executives are rational actors, and what they want is as much as they can take, economy be damned.