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Re: Verizon FIOS paymentApr 07, 2010


The original poster said, "Verizon gives a co-op building a $$ bonus for allowing access to install FIOS in the building." Assuming this is correct, it's a one-time payment made to the building as part a business arrangement. Why would *any* negotiator expect to receive a whopping 50% of this payment? That's not a "gratuity" by any stretch of the imagination. To reiterate: if a board member had negotiated the contract and claimed personal entitlement to half the money, there would be a justifiable uproar.

Another example: Our attorney came up with an excellent financial argument that helped us get more money when we sold our air rights. This financial issue went beyond the legal advice and consultation for which he was being paid. So by your reasoning, we should have tipped our lawyer $2,000,000 when we sold our air rights for $4,000,000. What is wrong with this picture?

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Re: Verizon FIOS payment - ~AR Apr 07, 2010


I am certain your lawyer charged you his $250-$400 per hour for the consultation, so no additional remuneration would be expected.
The way you are seeing it and describing it, I would agree with your view ... however,
"Verizon gives a co-op building a $$ bonus for allowing access to install FIOS in the building."
Although that's what was written in the original post, the money is not for allowing access, nor is it standard, it is a signing bonus and labeled as such... therefore, I see it differently than you…
Tomato or TOMATO... everyone is entitled to a diverse opinions, that's why this board exists......

Best
~AR

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