334 companies in the S&P 500 reported non-GAAP earnings in 2014, up from 232 in 2009. The dollar amount of the costs removed from those adjusted profits totaled $132 billion, more than double the level of 2009. (Source: Jack Ciesielski of The Analyst's Accounting Observer)
The Devil's Financial Dictionary -- The big names keep coming. This is Jason Zweig's new book, and while it might make you chuckle the lessons behind the humor are serious. Beyond the expected laughs, there is a lot of genuinely interesting history in here too. This book makes an excellent holiday gift, especially for someone contemplating or just starting a career in the industry. A detractor might argue that the book is overloaded with snark, but in most cases I think it is warranted.