Arnold fired him-that does not show confidence in his years as Arnolds manager-it shows that Arnold caught up with him.
Parker getting extra money from the studios, RCA, The Hilton Hotels etc....was on top of the money Elvis paid him as manager to negotiate contracts for Elvis with-the studios, RCA, The Hilton Hotels etc......and it is not legal-you can not represent someone in negotiations and then turn around and be a consultant to the other side......its that simple-its called conflict of interest and Parker did it all the time.
The reason its not legal is in being a "paid and perked consultant" you have a dual interest in the negotiations-because you are paid by your primary client and also paid by the firms you negotiate with for your client....its not fair to your client.
IE the firms Parker was a "paid and perked consultant" got better deals because of the financial fees paid to him as a consultant.
The judge reviewed many of those contracts and found that was the case.
The top of irony is that when the judge ordered the estate to sue Parker his first defense was that he could not be sued in a US court because he was not a US citizen-how ironic is that
I will say this-if Parker had really been fair to Elvis-had not manipulated and controled him so closely, and if he had negotiated with no consultant fees in his back pocket...maybe his 50% might have been warranted-but we all know that is not how Parker represented Elvis....so 50% is not just outrageous it borders on criminal.