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But in recent years, they have concentrated on fees earned for various services.
The fees earned for this broader advice dwarf those for the guidance on executive compensation (by about 11 to one, according to a recent congressional inquiry).
Denied any significant government support for this crucial work, the founders have supported it through personal loans and by donating fees earned for various projects.
As I have said, skyrocketing defaults and thus foreclosures were not a surprise--they were part of the business model, necessary to get the higher risk and thus higher fees earned for Wall Street.
Similar(56)
And the fee earned for that success was four times the firm's revenues for the prior three years.
Another artist, US singer Usher, is reportedly facing music industry calls to surrender fees earned from performing for Gaddafi's family.
Instead of rent she will give the county a percentage of the fees earned from its programs for Nassau residents.
As for the fees earned by UBP and Fairfield Greenwich, Mr. Dominicé said: "If you're nasty, you call it corruption.
Banks had further incentive to overlook the perils of individual euro zone countries because of the fees they earned for underwriting sovereign debt sold to other investors.
Declines across its sweeping array of stock and bond offerings cut the fees it earned for managing money on behalf of clients.
DealBook » BlackRock Earnings Slip 3%, but Exceed Forecasts | "Declines across its sweeping array of stock and bond offerings cut the fees it earned for managing money on behalf of clients," Mr. de la Merced reported.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com