Most of the time such falls do not happen, and the manager keeps the premium.

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"Don't quote me on this, but tom.com has a big Li Ka-shing premium attached to it, " says one Hong Kong-based fund manager, who doesn't own the stock but wishes he did.

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If a manager leaves, the total cost of hiring a replacement (the head-hunter fees, the premium required to entice him and the time it takes him to settle into his job) is usually several times the outgoing person's salary.

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The striker redeemed himself with his goal, but on a night when quality was at a premium in front of a sparse crowd of just 7, 515, the watching Fulham manager Mark Hughes will have seen little to fear ahead of Bolton's visit to Craven Cottage on Sunday.

BBC: Wigan 0-1 Bolton