Guess we're going to have to disagree about what 'legit' means, and Warde is looking out for himself, which I have no problem with.
But where's Parker's accountability? Warde makes a good hire, he boosts his own stock, the value of his relationship with Parker goes up and Parker cashes in when Warde goes for his next job. Warde makes a bad hire, gets canned here, and Parker still ahead money-wise even after Warde's value goes down, because they got paid for 'helping' with this search.
One perspective. On the other hand, bet Warde wouldn't volunteer to take a $50-$100K pay cut.
Does anyone really believe that a fee of $50 - 100K is going to influence a search firm's handling of a future placement that may or may not involve WM? If WM proves to be a "Rock Star," at UCONN, he'll be known by every relevant search firm. The same will be true if he "bombs." My sense of things is that any job WM might covet will come from a job market characterized by everyone knowing everyone else. Search firms are paid for stealth.
Finally, search firms don't pick the winner. They work with a client to whittle things down to a manageable list of "finalist." Anything else would be political suicide. Once the client and consultant have agreed on pros and cons, the client is left with the final decision. Recently, some Corporations have augmented the process with separate, independent background/security checks.
$50 - 100K is not enough to influence the search/hiring of very senior people.