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why is RAO interfering with a listed company yet he is not a share holder
Rank: Member Joined: 11/6/2010 Posts: 289
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The High Court has lifted a temporary order on national carrier, Kenya Airways, that had stopped the airline from cutting jobs as part of a major cost reduction.
then RAO"has directed that the planned retrenchment of Kenya Airways workers be suspended "
surely we are shareholders...and retrenchment is ok...
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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gesowan wrote:The High Court has lifted a temporary order on national carrier, Kenya Airways, that had stopped the airline from cutting jobs as part of a major cost reduction.
then RAO"has directed that the planned retrenchment of Kenya Airways workers be suspended "
surely we are shareholders...and retrenchment is ok... RAO is doing politics. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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gesowan wrote:The High Court has lifted a temporary order on national carrier, Kenya Airways, that had stopped the airline from cutting jobs as part of a major cost reduction.
then RAO"has directed that the planned retrenchment of Kenya Airways workers be suspended "
surely we are shareholders...and retrenchment is ok... He is looking for votes from all and sundry Machiavelli tactics: The end justifies the meansHistory will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Very uninformed. KQ is not a local market bwana, it is a PUBLICLY LISTED COMPANY. TULIA.........UFUNZWE!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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simonkabz wrote:Very uninformed. KQ is not a local market bwana, it is a PUBLICLY LISTED COMPANY. Better said, its not a Fish Market "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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murchr wrote:simonkabz wrote:Very uninformed. KQ is not a local market bwana, it is a PUBLICLY LISTED COMPANY. Better said, its not a Fish Market  Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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This rao guy could be worse than Moi x1000 Someone take him through econ 101 & very far away from power!!!! @SufficientlyP
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Rank: User Joined: 8/14/2012 Posts: 28
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1) I think we're a little ahead of ourself, first how much does the government of Kenya own in KQ?
2) Is there any existing agreement between the government of Kenya and KQ to maintain a certain level of domestic employees? Remember KQ was once own by the government so unless I know if they had some agreements, I would be slow in bashing RAO. Note that it is common in developing economies for governments to negotiate employment levels with companies operating in their markets in exchange of favors like; tax breaks, credit, regulational favors, Resource licenses to name a few.
3)Even if there were no agreements to maintain a certain level of employees, Kenya government if it is indeed the largest investor/share holder, have a right to protest if they think the company is no utilizing capital optimumly and that include human capital. However I believe there are other avenues to protest other than public letters but RAO is a politician it is not going to advance his cause if he protest privately because MK might call press conference and take credit publicly if his private protest is successful!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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A company's decision making organ is the board. RAO should have acted through the GOK board representatives. He can't do that even if the company was a private company owned by his wife and son. Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rolldrunk wrote:1) I think we're a little ahead of ourself, first how much does the government of Kenya own in KQ?
2) Is there any existing agreement between the government of Kenya and KQ to maintain a certain level of domestic employees? Remember KQ was once own by the government so unless I know if they had some agreements, I would be slow in bashing RAO. Note that it is common in developing economies for governments to negotiate employment levels with companies operating in their markets in exchange of favors like; tax breaks, credit, regulational favors, Resource licenses to name a few.
3)Even if there were no agreements to maintain a certain level of employees, Kenya government if it is indeed the largest investor/share holder, have a right to protest if they think the company is no utilizing capital optimumly and that include human capital. However I believe there are other avenues to protest other than public letters but RAO is a politician it is not going to advance his cause if he protest privately because MK might call press conference and take credit publicly if his private protest is successful! Ans: 1) The last time i checked, GOK had 29% shareholding. And no tax breaks etc it runs like every other org. 2) No existing agreement on employees etc etc 3) Even if the govt has a right to protest. Its certainly not the way RAO did and remember there KQ was given a go ahead to retrench. Is he trying to muscle the Judiciary? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 4/25/2011 Posts: 368 Location: Nairobi
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I have not seen the letter and I do not always trust our media. The media says that the PM has ordered. If that is the tone of the letter, that would be very unfortunate. The PM can not order KQ. The government possibly in a cabinet meeting can only influence this through Directors who sit on the board representing government. And even in the board, the government has to convince the other shareholders whose hold about 70%. And it will not be easy. They could ask the government to pay for over and above what the company was willing to pay for retrenchment.
The PM ask if KQ has looked into other ways including pay cuts. I am not sure guys who have been lately on strike asking for pay rise would be ready for pay cuts. And possibly that have been the thinking of KQ board. But I suspect with the headache the union has given KQ management, the board would be happy with a retrenchment and starting with the union members and outsourcing some of the services.
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Rank: Member Joined: 4/5/2008 Posts: 30
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A communist to the core n risky for investments 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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& z fella wants 2b prezo?!¿ NKTEST!!!
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Rank: Elder Joined: 7/22/2009 Posts: 7,703
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I don't like commenting on politicians including RAO but this RAO fellow has gone too far. I have my f@#king money in this business and some politician writes a letter which has direct effect on my investment just because he wants votes??? I hate this busy body tendency especially when my hard earned cash is involved! Why does a fellow feel he should intefere in anything and everything from cattle dip affairs to Airline business just because he holds a position we never voted for? Are we a communist country? This is a capitalist country and KQ is a publicly listed company. Someone get the fellow a dictionary and a book in basic economics! And I agree, this is not a FISH MARKET!!! A politician can yap all he wants and give all the stories and promises he wants and I wouldn't care one bit! But when you start messing with my money/investment, then we have a problem!!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Its either Rao is clueless or wants to make headlines/being talked about... This reminds me of that leaked ODM memo which had limited knowledge on economic matter as some of his weakness. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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SG wrote:A communist to the core n risky for investments Suppose your dad was in line for the axe and you were a second year in some university/college? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 12/1/2009 Posts: 75 Location: nairobi
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MaichBlack wrote:I don't like commenting on politicians including RAO but this RAO fellow has gone too far. I have my f@#king money in this business and some politicians writes a letter which has direct effect on my investment just because he wants votes??? I hate this busy body tendency especially when my hard earned cash is involved! Why does a fellow feel he should intefere in anything and everything from cattle dip affairs to Airline business just because he holds a position we never voted for?
Are we a communist country? This is a capitalist country and KQ is a publicly listed company. Someone get the fellow a dictionary and a book in basic economics! And I agree, this is not a FISH MARKET!!!
A politician can yap all he wants and give all the stories and promises he wants and I wouldn't care one bit! But when you start messing with my money/investment, then we have a problem!!!!  And Kenya Power is my retirement stock. Let it 20/- i bail out if that fellow is behaving like that. got in @ 24/-. Atasema wapeane stima bure juu wananichi wamelalamika.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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And i also remember rao was after bringing down safcom sometimes back. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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sparkly wrote:A company's decision making organ is the board. RAO should have acted through the GOK board representatives. He can't do that even if the company was a private company owned by his wife and son. tru dat. the govt is rep by the PS-min of finance $ PS-min of transport in the board. He who wishes to push an agenda in the govt sld go thro these rep's. I however do not foresee RAO getting official support mostly from the min of finance in pushing his agenda.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Gadaffi wrote:sparkly wrote:A company's decision making organ is the board. RAO should have acted through the GOK board representatives. He can't do that even if the company was a private company owned by his wife and son. tru dat. the govt is rep by the PS-min of finance $ PS-min of transport in the board. He who wishes to push an agenda in the govt sld go thro these rep's. I however do not foresee RAO getting official support mostly from the min of finance in pushing his agenda. sorry to say but this is this is the "big african man" buffoonery that we don't need in our beloved KQ. Life is short. Live passionately.
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why is RAO interfering with a listed company yet he is not a share holder
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