Sounds like where I work

Fat Cat management and supervisors are paid shedloads despite tham having little or no current technical knowledge, I end up fixing the problems or acting as a consultant to them for peanuts in comparison.

spare a thought for the subordinates that are actually trying to do a good job.

Ha yes.. the classic "amazing" strategy of turning around a company by selling off everything that you can and firing sh*tloads of people. Where do I sign to be a "hot" manager like that?