The high flying days
In honour of this final edition, Outsider has been looking at the very first Money Management issue and what caught his eye back in the day.
It is fair to say the 1980s were a different period when Outsider was younger and the salaries were higher.
The first-ever Outsiders covered a departing general manager trying to keep his company Mercedes which was worth $41,000 at the time and another industry veteran buying two vintage Rolls Royce cars.
One Outsider references a golden handshake at an investment advice group of $5 million, some $13 million in today’s money, while another states “a good sales person can easily command a salary of $100k”, around $250k in 2022.
With regulation and compliance costs through the roof in 2022, Outsider is sure many advisers would love the idea of receiving a $13 million golden handshake at their firms.
Even Outsider himself was not doing too badly, one column referenced him having friends in high places overseas and knowing the Governor of the Bank of England.
AUTHOR
The Outsider
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