No dignity for old men
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- Written by David Moftakhar
We are living in straightened times. Gone are excesses of the early part of the decade and now everyone - young and old, rich and poor - is feeling the pinch. In particular the fortunes of those who led the charge have dissipated. Bankers and brokers, formerly on multi-million pound bonuses, now also find themselves in the dole queue.
Likewise, the fortunes of two top managers have followed a similar trajectory. In 2002, during the height of the Naughties’ hyper-active bubble, Sven Goran-Erikson was the highest paid manager in the world, raking in a massive £5m per year as England boss. In the same year Luiz Filipe Scolari guided Brazil to their fifth World Cup triumph.