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Centum HY17
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Ericsson
#81 Posted : Wednesday, September 13, 2017 12:44:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mulla wrote:
K22 wrote:
Mworia just tweeted saying this is total payout for management team. apparently BD misreported

some of our journalists and their rush to print sensational headlines without thorough research in order to sell papersd'oh! d'oh! d'oh!


They should listen to this song where snoop dogg talks about using his style
Snoop Dogg - Doggy Dogg World ft. Tha Dogg Pound,

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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tedx
#82 Posted : Wednesday, September 13, 2017 12:46:29 PM
Rank: Hello

Joined: 6/14/2016
Posts: 6
Location: Nairobi
watesh wrote:
Pesa Nane wrote:

He is making more than Bob Collymore yet Centum's revenues is half of Safaricom's SMS revenues....


I thought Wazuans are more polished and read financial reports and not newspaper headlines....

http://www.centum.co.ke/...s/Annual_Report_2017.pdf
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Ericsson
#83 Posted : Wednesday, September 13, 2017 3:50:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
BusinessDaily Africa‏Verified account @BD_Africa 50m50 minutes ago

Our reading of the Centum financials clearly shows that Sh375.6M is the CEO’s annual pay. We stand by our story. http://www.businessdaily...3952-xxxeuaz/index.html …
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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timuka2
#84 Posted : Wednesday, September 13, 2017 4:27:46 PM
Rank: New-farer

Joined: 4/13/2017
Posts: 12
tedx wrote:
watesh wrote:
[quote=Pesa Nane]

He is making more than Bob Collymore yet Centum's revenues is half of Safaricom's SMS revenues....


I thought Wazuans are more polished and read financial reports and not newspaper headlines....

http://www.centum.co.ke/.../Annual_Report_2017.pdf[/quote]

Please explain it to us. The financial report you have shared above notes that:

1. 375.6m of the Director's remuneration was to "key members of management". Presumably the members of management who also serve as Director's i.e Executive Director's
2. Centum has only one Executive Director, James Mworia.

Does it not then mean that it was Mworia who got the 375.6m?
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tedx
#85 Posted : Wednesday, September 13, 2017 5:53:09 PM
Rank: Hello

Joined: 6/14/2016
Posts: 6
Location: Nairobi
timuka2 wrote:
tedx wrote:
watesh wrote:
[quote=Pesa Nane]

He is making more than Bob Collymore yet Centum's revenues is half of Safaricom's SMS revenues....


I thought Wazuans are more polished and read financial reports and not newspaper headlines....

http://www.centum.co.ke/.../Annual_Report_2017.pdf[/quote]

Please explain it to us. The financial report you have shared above notes that:

1. 375.6m of the Director's remuneration was to "key members of management". Presumably the members of management who also serve as Director's i.e Executive Director's
2. Centum has only one Executive Director, James Mworia.

Does it not then mean that it was Mworia who got the 375.6m?



If you can't read then I can't help buddy....Shame on you
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alotoftalk
#86 Posted : Wednesday, September 13, 2017 6:50:17 PM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
He's the only company Exec. Dir. so the KES 211,483M (~$2.1MM) on note 12.1(iv) on pg. 232 is the correct amount. Close to KES 150MM ($1.5MM) less than BD's figure but by any means quite decent and deserved.
Investment philosophy development in progress...
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Pesa Nane
#87 Posted : Wednesday, September 13, 2017 8:00:12 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
alotoftalk wrote:
He's the only company Exec. Dir. so the KES 211,483M (~$2.1MM) on note 12.1(iv) on pg. 232 is the correct amount. Close to KES 150MM ($1.5MM) less than BD's figure but by any means quite decent and deserved.


Pesa Nane plans to be shilingi when he grows up.
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winston
#88 Posted : Thursday, September 14, 2017 10:08:20 PM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
For those who dont like the pay (me included) there is one swahili saying: mta-do?
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Angelica _ann
#89 Posted : Thursday, September 14, 2017 10:11:16 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:
alotoftalk wrote:
He's the only company Exec. Dir. so the KES 211,483M (~$2.1MM) on note 12.1(iv) on pg. 232 is the correct amount. Close to KES 150MM ($1.5MM) less than BD's figure but by any means quite decent and deserved.




What about subsidiaries.....
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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Pesa Nane
#90 Posted : Friday, September 15, 2017 10:16:06 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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