Gosling's Grouse: What is a fund manager's worth?

I came across a footballer recently who earns £9k a week playing in the fourth-tier of English football, where clubs see crowds of thousands, not tens of thousands.

Is he worth the money? Not on the performance I saw - but he has got the money and the club he plays for is happy to pay him. The discussion about pay looks to be rearing its head again, with the Pru said to be putting a cap on fund manager pay for new employees at its M&G subsidiary - the implication being the highest paid managers work in our part of the industry. The same was said recently about another insurer with a successful asset management business. I was told by someone senior who knows however, that the recipient of the large bonus had nothing to do with the bond or equity ...