The elimination of primary earnings per share by SFAS No. 128 is a case of less information leading to more usefulness.

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The elimination of primary earnings per share by SFAS No. 128 was based on the idea that it was not a reliable measure of a company's performance because it did not account for the dilution effects of potential stock options and warrants. By eliminating primary earnings per share, companies were able to provide more useful information to investors by presenting more accurate earnings per share figures that took into account all potential dilution effects. Therefore, the elimination of primary earnings per share was a case of more information leading to more usefulness, rather than less information.

The Elimination of Primary Earnings Per Share by SFAS No