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Can't pay won't pay? Ndungu gets 22M golden handshake
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businesspundit
#1 Posted : Thursday, October 08, 2015 11:50:06 PM
Rank: New-farer

Joined: 9/16/2015
Posts: 15
After 8 years at the helm, Ndungu walks away with 22M golden-diamond-encrusted handshake.
I thought Government was broke?

Now this will become the ruler which all senior civil servants will measure themselves with.
If I am more senior than Governor, I get more.
If I am slightly less senior, I get a little less.

Starting with MPs, senators, MCAs, teachers, police...e.t.c

Where is serem?

Golden handshake
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  | | Edit by user: Thursday, October 08, 2015 11:52 PM | Reason: Not specified
enyands
#2 Posted : Friday, October 09, 2015 12:11:50 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
businesspundit wrote:
After 8 years at the helm, Ndungu walks away with 22M golden-diamond-encrusted handshake.
I thought Government was broke?

Now this will become the ruler which all senior civil servants will measure themselves with.
If I am more senior than Governor, I get more.
If I am slightly less senior, I get a little less.

Starting with MPs, senators, MCAs, teachers, police...e.t.c

Where is serem?

Golden handshake



System is broken sir .
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obiero
#3 Posted : Friday, October 09, 2015 6:45:16 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,341
Location: nairobi
unlike naikuni atleast he left a profit www.businessdailyafrica....0/-/x9g780z/-/index.html
COOP, IMH, KEGN, MTNU
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WWW
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Boris Boyka
#4 Posted : Friday, October 09, 2015 7:09:59 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
obiero wrote:
unlike naikuni atleast he left a profit www.businessdailyafrica....0/-/x9g780z/-/index.html

True @Obiero. @businesspundit Personally I don't have a problem with the handshake. All organisations have their method of calculating gratuity basing in the job group and the "Level" of the organization in the National structure. What did the highest individual get when coop bank retired their senior management staff? Cc @Angelica
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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VituVingiSana
#5 Posted : Friday, October 09, 2015 8:06:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,388
Location: Nairobi
obiero wrote:
unlike naikuni atleast he left a profit www.businessdailyafrica....0/-/x9g780z/-/index.html

Central banks 'profits' are ephemeral. Not real profits. I'd try to explain but then you might want to appoint your friend Alex Mbugua as the governor who will turn a 48bn profit into a 480bn loss.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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newfarer
#6 Posted : Friday, October 09, 2015 8:28:52 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
Mps want theirs, for life.


www.standardmedia.co.ke/...re-till-death-do-us-part
punda amecheka
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  | | Edit by user: Friday, October 09, 2015 8:30 AM | Reason: Not specified
sl8r
#7 Posted : Friday, October 09, 2015 9:38:09 AM
Rank: New-farer

Joined: 5/20/2010
Posts: 69
businesspundit wrote:
After 8 years at the helm, Ndungu walks away with 22M golden-diamond-encrusted handshake.
I thought Government was broke?

Now this will become the ruler which all senior civil servants will measure themselves with.
If I am more senior than Governor, I get more.
If I am slightly less senior, I get a little less.

Starting with MPs, senators, MCAs, teachers, police...e.t.c

Where is serem?

Golden handshake


All of this while the gov is apparently broke
Why Kenya has run out of cash

How do they plan on paying back that 20% 'risk free' bond interest that everybody has been buying up? and that euro bond, now we have a weak shilling....things are getting really tight

link
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VituVingiSana
#8 Posted : Friday, October 09, 2015 11:32:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,388
Location: Nairobi
sl8r wrote:
businesspundit wrote:
After 8 years at the helm, Ndungu walks away with 22M golden-diamond-encrusted handshake.
I thought Government was broke?

Now this will become the ruler which all senior civil servants will measure themselves with.
If I am more senior than Governor, I get more.
If I am slightly less senior, I get a little less.

Starting with MPs, senators, MCAs, teachers, police...e.t.c

Where is serem?

Golden handshake


All of this while the gov is apparently broke
Why Kenya has run out of cash

How do they plan on paying back that 20% 'risk free' bond interest that everybody has been buying up? and that euro bond, now we have a weak shilling....things are getting really tight

link
Coz they know Taxpayers are at hand to bail it out.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MaichBlack
#9 Posted : Friday, October 09, 2015 1:08:33 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,915
Aren't we being petty?

How much do you think commercial bank CEOs get as the golden handshake or retirement benefits (which the former CBK governor is not getting)?

How much do you think a former CBK governor who served for 8 years should get?? Throw some figures around...
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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sparkly
#10 Posted : Friday, October 09, 2015 1:15:21 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
If you belief that any law has been broken, you have an obligation to go to court and challenge the payment on public interest.
Life is short. Live passionately.
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