Sabre has proposed cutting its fees to the airlines in half if travel agents agree to forgo fee rebates and to use Sabre's online corporate booking service, GetThere.com.com
Including fines, forgone fees the county owed it and forfeited bonds, this has cost the bank more than $1.5 billion before taxes.
But bag fees are so irritating that Southwest decided to go without.Executives crow that this has allowed Southwest to poach customers from rivals, which has made up for the forgone fees.
They've calculated about $1.5 million in forgone fee revenue from the airport and up to $500,000 in lost business license revenue because drivers aren't registering with the city as independent contractor businesses.
Also, Mr. Ratner's firm and two others agreed to forgo their fees in the Austrian matter.
Hedge funds typically collect 20 percent of any investment gains, but they forgo the fees as long as their assets are below the peak.
In return for the financing, Mr. Silverstein agreed to share profits from the first building, if it is successful, and to forgo development fees on the second building until public funds for that building are repaid.
Paul Nadel, a former venture fund manager who joined the firm recently and helped set up FunnyorDie.com, remarked, "I could throw a rock and hit 5,000 lawyers, and I wouldn't hit one who'd want to forgo immediate fees for the long haul".
Hendrik A. Verfaillie, the president and chief executive of the St. Louis-based company, said Monsanto will forgo licensing fees for using its technology to make "golden rice," a modified strain that is rich in beta carotene, a source of Vitamin A. "The purpose of golden rice is to bring Vitamin A where people suffer," Mr. Verfaillie said in a telephone interview.
