Why not change the ''like they are running their own businesses'' to actually running their own businesses by use of shares (ESOP) to reward empoyees.

With ESOP, the employees will work hard because they are actually running their own business.

And he will be the second one to dump the stock. After Dj.

The screwee then will still be the current screwee!!!

Ps: See the Uchumi story.

That statement is bull crap!!! The bonuses are paid in three instalments only that every year you get three different bonuses.

Like next year, they will get the third instalment from last year's half a billion, 2nd instalment of this year's one billion and 1st instalment of what will definitely be next year's two billion.

This year they get the first instalment of this year's one billion and the previous instalment.

You give one bonus in three instalments but what they are not saying is that every year the employees get three different instalments!!!

When the sh!t hits the fan, do you think they will refund even a single cent? The worst would be for an instalment to be deffered to the following year (not cancelled!!!).

So bonus is based on increase in NAV.
NAV can rise even with a decline in profits and they still get paid.
NAV rise can be caused by revaluation of assets which means this has not been realized in cash and may not fetch the said price if actually sold.

Where does the cash to pay the bonuses come from when NAV rises from revaluation of assets?
It means cash dividend from companies centum has invested in is being 'eaten' by employees, no wonder the negative cash-flow.
Employees are using shareholders capital to enrich themselves.
The shareholder has been fooled with the NAV narrative while the employee’s pockets all the dividend income centum receives from companies it has invested in, all in the name of motivating employees. This type of bonus payment makes the employee a risk free partner who shares profits with the shareholder.
Isn't motivation being taken way too far?
More than the entire annual profits made by HFCK is what 90 employees are sharing and will rise over years as the company becomes bigger.
I won’t be surprised when the entire company ends up with the DJ and his cronies.
Wait for 2019 when they announce centum will freeze dividends for another ten years (Centum 4.0) and spark a sell from impatient investors and they will be the ones buying on the cheap, probably with the accumulated bonuses. They must be loving this NAV narrative and dividend freeze.
Clearly the employee’s interests are not aligned with that of the shareholders.
Employees who double as shareholders will be the real beneficially in the end as they will increase their shareholding with their bonuses and eventually take over the company at no cost.