Word: fee
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...Locks have to be repaired or replaced, snow needs to be removed from spaces so they can be used the next day," Honeycutt said. "It's a fee for service...
...former partner put it, "you eat what you kill"--that is, you pocket everything after deducting your expenses and a share of the firm's overhead--Knight had hit pay dirt. In 1995 he billed $2.9 million. At one point Knight even garnered a $1 million "success fee" for helping a client achieve a particular outcome, according to several former partners...
This served to enrich Knight even further. His consulting agreement with Molten was highly unusual and gave him more than the typical incentive to make his pitch. Along with a $7,000 monthly fee, Knight was given options to buy at least 40,000 shares of Molten, firm documents show. In an April 1996 letter awarding Knight more stock options as he was leaving to run the Clinton-Gore re-election bid, company president William Haney showed just how valuable he thought Knight would be to the company: "Our objective is to keep you...with us right up until...
Molten's story intrigues investigators because it also seems to hint at a larger pattern. Records show that Knight lobbied Grumbly in Lockheed Martin's fight to hold on to its $40 million-a-year fee to manage an Oak Ridge, Tenn., research facility. Lockheed got an extra five years of work in two Energy Department awards that coincided with big D.N.C. donations--$15,000 given 13 days before a two-year extension in 1995, and $125,000 within weeks of the 1996 decision to add three years more to the contract. A Lockheed spokesman denied any link...
Spokesman Tom Conroy counters that Yale has never explicitly allowed off-campus living. But, he told a local reporter, "we don't monitor where students sleep"--only whether they have a Yale address, issued when the fee is paid. Besides, he told TIME, "they knew about [the residential rule] when they applied...