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"if I thought about the money I've spent on coaches, I'd feel like shooting myself," he admitted to Tuttosport.
"It must be more than €10 million (£8m), as I’ve been firing people for 25 years. What really hurts me is that a factory worker won't earn €1m (£800,000)in his entire life, so we ought to give much less [money] to coaches.
"The wages should be a maximum of €100,000 (£80,000). It's ridiculous that working as a coach for three years means you never have to work again."
New coach Gian Piero Gasperini has his first game in charge of Palermo against Atalanta on Sunday.