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But even though the Great Recession has devastated defined benefit pension plans and slashed the value of savings in self-directed retirement funds, you still stand a good chance of enjoying a retirement that's even more prosperous than those of your forefathers.
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Lalani and the new group finance director, Tony Chanmugam, have been poring over the group's books and slashing the value of the business.
BAE Systems has plunged into the red after agreeing to pay fines to US and UK authorities, and slashing the value of its military trucks division.
Since then, the financial crisis and recession have slashed the value of its assets.
The trade deficit shrank as American consumers clipped their demand for foreign-made consumer goods, and tumbling energy prices slashed the value of imported oil and gas.
The company laid off its employees, announced a reorganization and in the process slashed the value of the shares to zero.
Corporate scandals and a falling stockmarket have slashed the value of portfolios, but it seems clear that people do not blame Mr Bush or his party for this.
The recent economic downturn has left millions of Americans unemployed, slashed the value of their homes and retirement accounts, and aggravated a government with crippling deficits and fewer resources to invest in the future.
Brown was more vocal in his vetoes of measures, including one that would have slashed the value of gifts that state lawmakers and others can receive and barred them from continuing to accept free tickets to Dodgers and Lakers games, Beyonce concerts, Disneyland and green fees at Pebble Beach.
But by summer 2015 it had slashed the value of that business severely and eliminated 26,000 jobs. .
Following a failed strike aimed at uprooting him from power, Mr. Chávez last year slashed the value of the bolívar to close a growing fiscal deficit and put in place strict exchange controls to stanch capital flight.
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