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Some supermarkets are happy to put 60-year-olds at the check-out: they are more reliable, says one such manager.
One example: when President Obama proposed that hedge-fund managers' paychecks be taxed as regular income rather than as capital gains, one quite prominent such manager reacted thusly: "It's like when Hitler invaded Poland in 1939".
It seemed appropriate for in the decade since it was privatised, Italy's biggest telecoms group has been a graveyard for top managers' ambitions and shareholders' hopes.Unfortunately for Marco Tronchetti Provera, he was one such manager.
Because of an editing error, an article last Sunday about executives with work experience in several countries misstated the tenure of one such manager, Robert Bishop of Silicon Graphics Inc.
"Ours is a new industry, with no rules and no history," said one such manager, Evan Orensten, who is executive vice president for global communications at Razorfish in New York and helped found an organization known as Out in Digital Media.
One such manager noted: You need a person to be there.
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If the average return of such managers was calculated by weighting the amount of funds under management, a different picture would emerge.
Nor is it enough for such managers to hire talented designers such as John Galliano.
Such managers would play no further part in the running of Zvecan, he added.
Today the company has about 380 such managers, from 33 nationalities.
Such managers as Carlo Ancelotti, Fabio Capello and Antonio Conte have been and gone in the meantime without ever repeating the feat.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com