wazua Tue, Mar 24, 2026
Welcome Guest Search | Active Topics | Log In

7 Pages<12345>»
Centum's Mworia is highest paid CEO
Options
Previous Topic · Next Topic
researchfirst
#21 Posted : Monday, September 19, 2016 7:45:45 PM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
Jon Jones wrote:
Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case.


Because their stated goal was capital gain and the compensation plan was structured to reward just that (see pg 114 of the annual report). Centum has been up-front and consistent with how they pay. If you don't like it: (a) don't invest, (b) go to the AGM and speak against it, or (c) buy a controlling stake and change the policy.

As for your first statement, Kirubi is the largest shareholder of the company and Mworia is in the top 10. Why would they run a company that they largely own into the ground? If they were going to do that, they wouldn't keep acquiring larger and larger stakes.
Back to top
  |
Ericsson
#22 Posted : Monday, September 19, 2016 8:16:09 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@researchfirst
If Jonathan Ciano was top 10 shareholder at Uchumi.
That didn't stop him from razing it to the ground
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
The Great
#23 Posted : Monday, September 19, 2016 8:50:51 PM
Rank: Member

Joined: 9/9/2015
Posts: 233
You see a problem with this in Centum but not Kengen?
"Buy when there's blood in the streets, even if the blood is your own."
Back to top
  |
researchfirst
#24 Posted : Monday, September 19, 2016 9:38:01 PM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
Ericsson wrote:
@researchfirst
If Jonathan Ciano was top 10 shareholder at Uchumi.
That didn't stop him from razing it to the ground


@ericsson
Ciano was never anywhere near the top 10. The last report I saw, Ciano had 336,179 of Uchumi's 364,959,616 shares outstanding. That's 0.09%. I bet there are wazuans that have more skin in the game than he did. Out of Centum's 665,441,775 shares, Kirubi has 188,416,312 shares directly (28.31%) and another 10,436,278 shares (1.57%) through another company. Mworia has 4,356,994 (0.65%). Apples and oranges, my friend. If they raze Centum, they cost themselves real money.
Back to top
  |
Ericsson
#25 Posted : Tuesday, September 20, 2016 1:43:37 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@The Great
Where is the problem in kengen

@researchfirst
When the company starts going south and the major investors who you are talking about here (Chris Kirubi and James Mworia) dump their shares you wouldn't know.
By the time you will be knowing it will be too late and the shares will be worthless.
Owning the shares is not a problem; problem is asset stripping through fictitious targets and ripping off shareholders.
Compare centum and safaricom.
Safaricom is zero debt, centum debt in excess of 17bn.
Return to shareholders incomparable
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
sparkly
#26 Posted : Tuesday, September 20, 2016 4:42:31 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
researchfirst wrote:
Jon Jones wrote:
Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case.


Because their stated goal was capital gain and the compensation plan was structured to reward just that (see pg 114 of the annual report). Centum has been up-front and consistent with how they pay. If you don't like it: (a) don't invest, (b) go to the AGM and speak against it, or (c) buy a controlling stake and change the policy.

As for your first statement, Kirubi is the largest shareholder of the company and Mworia is in the top 10. Why would they run a company that they largely own into the ground? If they were going to do that, they wouldn't keep acquiring larger and larger stakes.


Your defence of Centum is very emotional. declare your interest.
Life is short. Live passionately.
Back to top
  |
VituVingiSana
#27 Posted : Tuesday, September 20, 2016 7:10:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Jon Jones wrote:
Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case.

Didn't Mworia use that money to buy Centum shares?
http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
RichVee
#28 Posted : Tuesday, September 20, 2016 7:26:14 AM
Rank: Member

Joined: 1/26/2010
Posts: 124
VituVingiSana wrote:
Jon Jones wrote:
Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case.

Didn't Mworia use that money to buy Centum shares?
http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders."


The figures match. It helps when the CEO invests in the company.
I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation...
Tired of mediocrity. Am going to the very top!
Back to top
  |
researchfirst
#29 Posted : Tuesday, September 20, 2016 9:25:35 AM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
sparkly wrote:
researchfirst wrote:
Jon Jones wrote:
Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case.


Because their stated goal was capital gain and the compensation plan was structured to reward just that (see pg 114 of the annual report). Centum has been up-front and consistent with how they pay. If you don't like it: (a) don't invest, (b) go to the AGM and speak against it, or (c) buy a controlling stake and change the policy.

As for your first statement, Kirubi is the largest shareholder of the company and Mworia is in the top 10. Why would they run a company that they largely own into the ground? If they were going to do that, they wouldn't keep acquiring larger and larger stakes.


Your defence of Centum is very emotional. declare your interest.


You confuse logic with emotion.
Back to top
  |
researchfirst
#30 Posted : Tuesday, September 20, 2016 9:27:14 AM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
Ericsson wrote:
@The Great
Where is the problem in kengen

@researchfirst
When the company starts going south and the major investors who you are talking about here (Chris Kirubi and James Mworia) dump their shares you wouldn't know.
By the time you will be knowing it will be too late and the shares will be worthless.
Owning the shares is not a problem; problem is asset stripping through fictitious targets and ripping off shareholders.
Compare centum and safaricom.
Safaricom is zero debt, centum debt in excess of 17bn.
Return to shareholders incomparable


I think I would notice if Kirubi sold a third of the company, as would quite a few other people.
Back to top
  |
7 Pages<12345>»
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.