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Kenya Airways...why ignore..
Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
McKinsey never fail
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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KQ is alive and kicking.. http://kbctv.co.ke/blog/...s-at-its-cargo-facility/
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/8/2007 Posts: 808
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VituVingiSana wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Why do I get the feeling MJ will come out stuck and on the wrong end of the rub here. MJ comes across as a class act in building stuff but doesn't come across as a cost cutting- turn around buff. My 2 cts
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Kausha wrote:VituVingiSana wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Why do I get the feeling MJ will come out stuck and on the wrong end of the rub here. MJ comes across as a class act in building stuff but doesn't come across as a cost cutting- turn around buff. My 2 cts Hahaha
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:Kausha wrote:VituVingiSana wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Why do I get the feeling MJ will come out stuck and on the wrong end of the rub here. MJ comes across as a class act in building stuff but doesn't come across as a cost cutting- turn around buff. My 2 cts Hahaha We all know it is the President who wants Ngunze to remain and MJ being an appointee of the same man cannot seal the fate of Ngunze. By the end of March next year losses will continue pilling up and KQ will need cash from the govt and the pressure for the CEO to exit will be there. I do not see the Mpigs approving further bail out with Ngunze in KQ. The pilots are also still after his blood.
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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ArrestedDev wrote:obiero wrote:Kausha wrote:VituVingiSana wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
Is MJ right or is he right re: "Peculiar Habits" Why do I get the feeling MJ will come out stuck and on the wrong end of the rub here. MJ comes across as a class act in building stuff but doesn't come across as a cost cutting- turn around buff. My 2 cts Hahaha We all know it is the President who wants Ngunze to remain and MJ being an appointee of the same man cannot seal the fate of Ngunze. By the end of March next year losses will continue pilling up and KQ will need cash from the govt and the pressure for the CEO to exit will be there. I do not see the Mpigs approving further bail out with Ngunze in KQ. The pilots are also still after his blood. Shindwe!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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How sad is it that Michael Joseph shall take all the credit while its Ngunze who lay down the foundation for KQs turnaround.. Meanwhile he jets back into Kenya today from Netherlands for the Thursday meeting. Friday is bound to see yet another start of a mini rally. Do I regret selling at the spinning top? No.. Will I buy again? Definitely, but only upon sight of the full year results
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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http://www.businessdaily...8838-pxnuaoz/index.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Hello Joined: 2/2/2016 Posts: 3
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obiero wrote:aemathenge wrote:My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
McKinsey never fail https://www.equities.com...mpany-s-biggest-mistakes
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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MJ takes over at KQ Jonny Andersen takes over at KAA http://www.businessdaily...0170-10sd5ewz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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Noname investor wrote:obiero wrote:[quote=aemathenge]My favorite extracts from the article/interview: (By the way, what is with Michael Joseph and our peculiar habits?)
Business daily:
KQ pilots have been pushing to have chief executive Mbuvi Ngunze sacked. How secure is his job?
Michael Joseph:
I met our pilots and we had a good discussion. I explained that Mr. Ngunze is important to me at the moment. I am not making this statement forever.
He is in the middle of renegotiating with our financiers to get better terms in order for us to get out of the financial hole we are in. He is critical in that process since he knows and understands these people.
Business daily:
What is your take on the work that McKinsey is doing?
Michael Joseph:
What I have seen from McKinsey is a process and a structure on how to drive improvement in the company. They have an approach that not only identifies the cost savings but gets them as well as revenues.
Kenyans tend to love the status quo. We say this is how we shall get revenues but let us do that tomorrow. I think the opposite is McKinsey’s strength. I am waiting for them to deliver the goods.
McKinsey never fail https://www.equities.com...pany-s-biggest-mistakes[/quote] A consultancy just focussed on cost cutting initiatives affecting only manpower. The jury will be out in a few years whether there is anything these 'wazungus' are doing in KQ. I have said here that what they are doing in KQ can be done by competent directors and managers.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Very good...tanking. possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Pole skizanga saa zingine...next week we go down to 5. possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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maka wrote:Pole skizanga saa zingine...next week we go down to 5. LOL
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/21/2014 Posts: 184
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This plane has been fueled by speculation over past few weeks. I fear for those who will be caught sleeping inside when it performs a nose-dive. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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actuarywahisa wrote:This plane has been fueled by speculation over past few weeks. I fear for those who will be caught sleeping inside when it performs a nose-dive. I dont fear
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 5/21/2014 Posts: 184
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obiero wrote:actuarywahisa wrote:This plane has been fueled by speculation over past few weeks. I fear for those who will be caught sleeping inside when it performs a nose-dive. I dont fear Alright. Sitting and waiting to have value erroded is one way of handling things. There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: New-farer Joined: 4/6/2013 Posts: 95
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obiero wrote:actuarywahisa wrote:This plane has been fueled by speculation over past few weeks. I fear for those who will be caught sleeping inside when it performs a nose-dive. I dont fear Wait until the captain MJ makes the mayday call when fuel runs low mid freight due to negative Cashflow Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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actuarywahisa wrote:obiero wrote:actuarywahisa wrote:This plane has been fueled by speculation over past few weeks. I fear for those who will be caught sleeping inside when it performs a nose-dive. I dont fear Alright. Sitting and waiting to have value erroded is one way of handling things. I bailed out at KES 7.10 per share, but will be back inside at the right price
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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