HOTAC...this are the things the hotel guys pray for...

Its a tough life...

The media has muscled the power of a pen to keep investors informed on the crap(KQ) novice individuals are busy buying.

Poor in management, period!!!!!!!!!

My very good friend has been given an awesome offer by Qatar...interesting thing is he turned it down till manenos stabilise at KQ

(1) In solidarity with the pilots
(2) They want to be permanent and pensionable
(3) Stories of not being treated as well as the other staff

When the shit (genuinely) hits the fan, most employees will bail leaving the employers (shareholders) high and dry.

Why didn't the pilots [who are very well compensated] take up a significant stake in KQ? [BTW, neither did the Management or Board] Did they, like Naikuni & friends, want steady and hefty pay packages and not the variable dividends?
[No, GoK doesn't count as a skin-in-the-game shareholder.]

KQ was an avenue to make everyone BUT the shareholder any money. Warren Buffett talks about "skin in the game"

Except for KenRe [& I have on many occasions explained why I am in it and that I would bail if I felt uncomfortable] all the other investees have a significant ownership by the Board and/or Management.

Unga - Ndegwas won 50%+. Andrew Ndegwa is on the board and he has his people [Chairperson who is also a director in NIC]. Seaboard has seconded the CEO, Nick Hutchinson.

I&M - The Shahs won 30%+. Sarit Shah is the 'Executive Director' while his brother is a director. His father (& founder) is the Chairman of the Bank. The Holding entity is chaired by Ndonye. Sarit is also on the board of the subsidiaries. They have their eyes.

KenolKobil - I think Biwott's family have their people on the board. Ohana is a blue-eyed (Jewish) chap. (One of) Biwott's wife is Jewish. Coincidence? Nevertheless, as we saw with Segman, as good a manager he was, greed can be a huge problem with the derivatives.

That said, with KK's fall in price/value Segman did suffer since he had options which were about 4% of the company had they been exercised. That's 60mn shares.

TPSEA/Serena: The Aga Khan (& Ismaili Community) with 50%+ have their people watching the biashara. As they do at DTB and Jubilee.

Williamson/Kapchorua: The Magors (60%+) have their people + the father and son are on the board.

Car & General: Vijay Gidoomal is the CEO. The family owns 30%+ of the firm from what I understand.

Do note then there are crooks like Michael Matu of Olympia and Merali [Sasini, Firestone, Eveready] who own huge stakes in the firms they run but have siphoned out more than they would lose.

At the end of the day... the employee is there for himself. The shareholder is there for himself. You protect YOUR livelihood over all others.

you made my night @muchur. permanent and pensionable is simply a pyschological agreement between the employer and employee by extension. if need be, an employee will be sent packing with a three months notice iregardless of employment status. employees work very hard, even in public sector if motivated to do so. motivation does not surmount to good salary by the end of the month, it may be penalising non performing employees who make the work of other employees so hard, and as such may it be as seen by the pilots, that Ngunze, has reached maximum penalties and warnings permitable that the soldier pilot prayer to grant a sack ought to be dispensed with without further delay.
mti mkuu ukianguka, nyoni uwa matatani. without good leadership, shareholders wealth got burnt to recognition.
A general lives to the honour, of leading the soldiers into mighty battle fronts, but ultimately, a soldier will save the people the burden of a failed general. Accolades to Duale.
let the best win, for the sake of KQ......

The offer is good on paper. Your friend took the best decision. Cost of living is very high, very hot, shifts at crazy hours, visa and so many other restrictions,etc.