A follow-up to a story I mentioned about a month ago:
Pricwaterhouse has agreed to pay a $54.5 million settlement for a case that accused the firm of charging clients the full value of travel expenses while quietly receiving discounts on the back end. The firm retained $72 million in rebates over a 10-year period—airline rebates hit nearly 40% of the ticket cost in some cases.
When I worked at Deloitte (which was not involved in this suit), I always found it odd that the firm was receiving discounts or rebates on travel that were not being refunded to clients. I guess I wasn’t crazy.