Enron, Worldcom etc...
Same stuff, same relative accounting strategies, different year,
most of the same people
More worrisome, using pro forma to set bonuses provides executives with an incentive to exclude items not because they should, but to hit performance bogeys. That creates a risk that pro forma results say less about a company’s underlying health than about executives desire to get paid more."
http://www.wsj.com/articles/ceo-bonuses-how-pro-forma-results-boost-them-1464285447