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researchfirst		#41 Posted : Wednesday, September 21, 2016 9:46:49 AM
Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi		bird_man wrote: RichVee wrote: 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... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me.
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mkate_nusu		#42 Posted : Wednesday, September 21, 2016 9:53:42 AM
Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole		researchfirst wrote: bird_man wrote: RichVee wrote: 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... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. seems it would have made more sense for shareholder interests if he was awarded bonuses in form of shares and that cash could have been used to generate wealth if it were still in the company KEGN, KPLC, KQ, SCOM
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researchfirst		#43 Posted : Wednesday, September 21, 2016 10:10:42 AM
Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi		mkate_nusu wrote: researchfirst wrote: bird_man wrote: RichVee wrote: 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... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. seems it would have made more sense for shareholder interests if he was awarded bonuses in form of shares and that cash could have been used to generate wealth if it were still in the company It would not be beneficial from a shareholder's perspective. As it stands, he is buying shares on the open market. If he were receiving shares as a bonus instead, the company would have to create new shares, thereby diluting the holdings of existing shareholders. It would essentially be a bonus issue that ordinary shareholders couldn't participate in. As for alignment, if you look at the annual report, the bonuses are tied to continued wealth creation and partially deferred. If they don't continue to perform, they don't get some of their money. I don't have a problem with the structure.
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Ericsson		#44 Posted : Wednesday, September 21, 2016 11:37:20 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		There is nothing extra ordinary James Mworia has done. I'm sure some Wazuans if given the job would have done much better and rewarded shareholders handsomely. As someone said what is being done is transferring money from one side to another with creative and fake accounting being done on the books. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mkenyan		#45 Posted : Wednesday, September 21, 2016 11:46:35 AM
Rank: Veteran Joined: 4/1/2009 Posts: 1,885		RichVee wrote: Angelica _ann wrote: Shak wrote: This must be a very painful read for an Mpig Let the youngman eat to create the our generation billionaires soon. You should see his personal projects!!! Angelica...tuambie, what are some of his personal projects? follow 'his friend' (him of the range rover fame) on facebook and you shall see photos of one of them - maya or something.
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webish		#46 Posted : Wednesday, September 21, 2016 12:00:51 PM
Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi		mkenyan wrote: RichVee wrote: Angelica _ann wrote: Shak wrote: This must be a very painful read for an Mpig Let the youngman eat to create the our generation billionaires soon. You should see his personal projects!!! Angelica...tuambie, what are some of his personal projects? follow 'his friend' (him of the range rover fame) on facebook and you shall see photos of one of them - maya or something. https://twitter.com/mwor...atus/716909114094456832 Life is joy, death is peace, but the transition is very difficult.
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jgithige		#47 Posted : Wednesday, September 21, 2016 1:31:32 PM
Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi		Ericsson wrote: There is nothing extra ordinary James Mworia has done. I'm sure some Wazuans if given the job would have done much better and rewarded shareholders handsomely. As someone said what is being done is transferring money from one side to another with creative and fake accounting being done on the books. As much its agreed that employees should be motivated and rewarded, this one is pure greed "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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kaka2za		#48 Posted : Wednesday, September 21, 2016 1:39:00 PM
Rank: Elder Joined: 10/3/2008 Posts: 4,058 Location: Gwitu		Ericsson wrote: There is nothing extra ordinary James Mworia has done. I'm sure some Wazuans if given the job would have done much better and rewarded shareholders handsomely. As someone said what is being done is transferring money from one side to another with creative and fake accounting being done on the books. Success is for the smart and lucky not necessarily the best(Chinua Achebe) Truth forever on the scaffold Wrong forever on the throne (James Russell Rowell)
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Pesa Nane		#49 Posted : Thursday, September 22, 2016 12:46:47 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		researchfirst wrote: bird_man wrote: RichVee wrote: 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... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. Pay OBESE bonuses and NIL dividends Nil Dividend = Suffocated share price Buy on the cheap with the bonus + add "I'm also taking a hit" lie Own bigger and bigger share of the company Start paying (fat) dividends, offer bonus shares, pump FLIP Pesa Nane plans to be shilingi when he grows up.
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The Great		#50 Posted : Thursday, September 22, 2016 5:21:53 AM
Rank: Member Joined: 9/9/2015 Posts: 233		@Pesa8 u nailed it "Buy when there's blood in the streets, even if the blood is your own."
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