Wazua
»
SME
»
People
»
4 Heads Roll - the Safaricom purge begins
Rank: Member Joined: 4/24/2009 Posts: 72
|
Safaricom's CIO Robert Mugo quits in what is seen as a start to the much touted "restructuring". Lets see who goes next
|
|
|
Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
|
Olu wrote:Safaricom's CIO Robert Mugo quits in what is seen as a start to the much touted "restructuring". Lets see who goes next ...he did not have much chance given IT was much smaller that Technical with which they were merged!!!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
|
|
|
Rank: Member Joined: 4/24/2009 Posts: 72
|
Spot on....Believing that there will be no job cuts in safcom is like believing that neveready will rise to 20 bob
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
My fund is ready...I have a 1000 bob scratchcard I got free after buying Mum's Ideos. McReggae, dont worry, for you Ive saved 100 bob no matter how many heads roll. Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 11/28/2006 Posts: 1,799
|
4 Chief officers have been shown the door today. Bob the tweet to make a press conference at 3:45.
|
|
|
Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
|
KulaRaha wrote:My fund is ready...I have a 1000 bob scratchcard I got free after buying Mum's Ideos.
McReggae, dont worry, for you Ive saved 100 bob no matter how many heads roll. ....kulahepi, funny how you believe that everybody who supports safcom works there  ....it's the 1st place I went to for a job interview anyway, I did not succeed then....looking forward to replacing Bob when his time comes, ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
|
|
|
Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
|
chemos wrote:4 Chief officers have been shown the door today. Bob the tweet to make a press conference at 3:45.
Oh my! Bob was therefore kidding when he indicated that no one will be shown the door? You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
|
|
|
Rank: Member Joined: 4/24/2009 Posts: 72
|
sheep in wolf clothing is more like it
|
|
|
Rank: Veteran Joined: 7/22/2008 Posts: 1,139
|
XSK wrote:chemos wrote:4 Chief officers have been shown the door today. Bob the tweet to make a press conference at 3:45.
Oh my! Bob was therefore kidding when he indicated that no one will be shown the door? Restructuring more often that not refers to running the organization in the most profitable manner,However,they cannot be achieved when you retain the same incompetent managers who made decisions when profits were dwiddling and when you want to make more profit ! "You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
|
|
|
Rank: Elder Joined: 9/29/2006 Posts: 2,570
|
McReggae wrote:Olu wrote:Safaricom's CIO Robert Mugo quits in what is seen as a start to the much touted "restructuring". Lets see who goes next ...he did not have much chance given IT was much smaller that Technical with which they were merged!!!!! >>>Finance was merged with Procurement. So what's xpected? The opposite of courage is not cowardice, it's conformity.
|
|
|
Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
|
XSK wrote:chemos wrote:4 Chief officers have been shown the door today. Bob the tweet to make a press conference at 3:45.
Oh my! Bob was therefore kidding when he indicated that no one will be shown the door? ......what do you expect when you canr take a lower job....you walk!!!!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
I hope the share will panda to 5 bob 10m cents before end of March! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
|
Olu wrote:Spot on....Believing that there will be no job cuts in safcom is like believing that neveready will rise to 20 bob I dont think its a job cut when you are redeployed to a junior position you have the alternative of eating the humble pie or quiting I think these senior manager chose the latter. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
|
|
|
Rank: New-farer Joined: 3/11/2011 Posts: 12
|
@All what is the expected result of this to the share price given the current market conditions?
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Impunity wrote:I hope the share will panda to 5 bob 10m cents before end of March! The salary absence of a few fired bosses can't plug the hole of the revenue drops c/o tariff wars. I wouldn't kid myself even for a second!!
|
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
KulaRaha wrote:My fund is ready...I have a 1000 bob scratchcard I got free after buying Mum's Ideos.
McReggae, dont worry, for you Ive saved 100 bob no matter how many heads roll. @eatfun, the IDEOS also comes with 600MB, any chance you can swing that my way since I KNOW she doesn't bookface?
|
|
|
Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
|
Cde Monomotapa wrote:Impunity wrote:I hope the share will panda to 5 bob 10m cents before end of March! The salary absence of a few fired bosses can't plug the hole of the revenue drops c/o tariff wars. I wouldn't kid myself even for a second!! i agree, safcom will hv 2 do more to contain costs. the whole restructuring was all about improving efficiency n avoiding incomed leakage thro sm big tym frauds, thats why finance n procurement were merged 4 ease of audit n accountability. at 5 bob by end march?, that nt possible considerin they will announcin their results around that same time, i expect a furthur drop
|
|
|
Rank: Member Joined: 4/18/2009 Posts: 118
|
Safcom made 19.3 cts in first half. Assume that this drops to 60% in second half. Full Year EPS will then be 31 cts. Lower growth in future should result in lower PE for the Co. - not more than 12. Current price is too high!
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
Gordon Gekko wrote:KulaRaha wrote:My fund is ready...I have a 1000 bob scratchcard I got free after buying Mum's Ideos.
McReggae, dont worry, for you Ive saved 100 bob no matter how many heads roll. @eatfun, the IDEOS also comes with 600MB, any chance you can swing that my way since I KNOW she doesn't bookface? Ebu tell me how do I get that 600MB?? Mum was shocked she could even read news on her mobile when I hooked it up to my wifi LOL Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
|
apparently someone is facing charges for threatening MJ after an under hand deal went sour. what am wondering could his claims that MJ was involved in a fuel scandal in safaricom be True also he claims there has been corruption in the tendering process of non core services like security,gym and cleaning services. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
|
|
|
Wazua
»
SME
»
People
»
4 Heads Roll - the Safaricom purge begins
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|