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Hidden or expected fees can be disastrous for people who live paycheck to paycheck.
"We're asking all clients for two months' expected fees in advance," Ms. Butenhoff said.
As a result, Evercore and the other banks on the deal lost out on a combined $150 million in expected fees.
"The cynical reason that the banks stood by Groupon and its accounting shenanigans is most likely the expected fees from the offering".
Some of the reasons were the loss of TV money (ITV Digital, itself in administration, had promised money to First Division clubs for TV rights), the large wage bill, lower than expected fees for players transferred to other clubs and the £37 million cost of the new stadium.
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Rick Seaney, the chief executive of FareCompare.com, an airfare shopping site, said he expected fee wars to continue.
One would expect fees to be driven down remorselessly.
An overwhelming majority expect fees to fall, for hedge funds and funds of funds.
"Just last week Mr Pyne said he didn't expect fees to increase significantly under a deregulated system.
When word came down in Australia that Mr. Murdoch would be expecting fees from readers of news.com.au in the coming year, readers rained invective and ridicule on the idea, including a commenter identifying himself as Alan Gilbey: "Now let's see.
Eugene O'Kelly, chairman of KPMG, expects fees to go up by a fifth, a jump similar to the one that followed the passing of a law in 1991 which required auditors to do more work on banks after the savings-and-loan crisis.The SEC is now under siege by the European Commission, Britain and Japan, all demanding exemptions from the "foreign public accounting firms" section of the act.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com