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NMG 'token of appreciation'
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sparkly
#1 Posted : Friday, May 07, 2010 6:07:17 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
In 2009 accounts NMG is proposing to give each of the 1,235 permanent employees 200 shares fully paid up as a 'token of appreciation' for their hard work in 2009. Kitu gani hii? The company is distributing capital to employees instead of the shareholders! To make it worse the token is not a performance based incentive.
Life is short. Live passionately.
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Gordon Gekko
#2 Posted : Friday, May 07, 2010 6:30:12 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
ESOP. Its fashionable
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VituVingiSana
#3 Posted : Friday, May 07, 2010 6:48:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@GG - Ati, token of appreciation! I agree with @sparkly...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Scubidu
#4 Posted : Friday, May 07, 2010 7:28:05 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
@sparkly. I know journalists at NMG and you need to realize last year wasn't good for them at all, compensation wise-even in terms of the budget. The people did good work last year despite ad revs going down. Although the token is too small.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Gordon Gekko
#5 Posted : Friday, May 07, 2010 8:21:40 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
BBK, KCB, Kenol have done it. NMG not any different
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VituVingiSana
#6 Posted : Friday, May 07, 2010 8:49:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@GG - Performance based is different from 'Token of Appreciation'... On the other hand (restricted) shares better than cash!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sky5
#7 Posted : Friday, May 07, 2010 12:03:37 PM
Rank: Member

Joined: 5/7/2010
Posts: 282
Location: Nairobi
NMG wants to give out shares and keep the bonus money. Good for cashflow.
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sheep
#8 Posted : Friday, May 07, 2010 12:43:08 PM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
Of all the Aga Khan companies,this is the worst managed.I hear its almost like a brothel,his highness should sack the entire management team.

Plus anyone seen the new advert of them singing like stupid primary kids,they should be ashamed of themselves.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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obiero
#9 Posted : Friday, May 07, 2010 12:56:38 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,221
Location: nairobi
that ad is not too bad

KQ ABP 4.26
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Drew
#10 Posted : Friday, May 07, 2010 1:11:21 PM
Rank: Member

Joined: 1/13/2009
Posts: 36
nothing wrong with inspiring employees, g think its a very good idea. On the other alegation that its a big brothel, well i've heard from guyz who have worked for media firms, the workers are very loose and i mean very.
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