They should be kicked out and the topic left to veterans who understand the market very well and shenanigans going on in the listed companies

Of course you are not going to threaten some fellows' Billion shilling gravy train and they go down quietly!!!

But the way I see it, they had better enjoy their Billions while they last. Unless the shareholders are a bunch of naive fellows, this will be stopped sooner rather than later!

Centum might try to argue this by saying that this happens in the PE world - but this is not the same thing.

PE firms take 20% carry on "REALIZED" profits not asset revaluations.

That means that the bonus only comes through once the investment has MATURED and been SOLD. The bonus is therefore on "CASHFLOW" basis.

For Centum that means that these bonuses e.g. on profits from Two Rivers would only be paid once Centum exited the investment or sold its stake at a profit or perhaps proportionally on a profit basis.

This whole compensation sucker game is starting to look eerily similar to ENRON - "The smartest guys in the room". Supposedly you super compensate employees and you'll attract the best in the game for it. ENRON was full of McKinsey types with Harvard degrees but the compensation structure leads to weird accounting gimmicks to meet the magical (in the case of Centum) NAV growth target to maintain the gravvy train.

The sucker shareholders are being told "this is what it takes to attract and maintain the best talent". I call it a fraud.

kweli Centum ni kama embe.

Saa zile shareholders wangoja liive employees walila na chumvi.

Agreed!!