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KenolKobil 2018 and beyond
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kaimbaga2012
#81 Posted : Thursday, May 03, 2018 2:16:44 PM
Rank: New-farer

Joined: 10/25/2011
Posts: 67
xxxxx wrote:
kaimbaga2012 wrote:
mlennyma wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html

"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."

Obiero waaah

After running the company to bankruptcy. ..Hujuma but the share is bullish and wants to be at 20's


Hujuma kabisaa. This will end up diluting the shares of the existing shareholders. Is it even legal? He should buy the shares directly from the NSE.


I thought he was paid cash???



Read the article well @xxxx. The CEO has been offered 20 million shares by Kenol Kobil between 2020 and 2023
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VituVingiSana
#82 Posted : Thursday, May 03, 2018 2:23:07 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Listed KE firms do pay well! Heck, very well.

Ohana (KK) - 151mn + Options
Oigara (KCB) - 240mn
Githogo (CIC) - 74mn

And many others!

It's good to know how much they are paid so as shareholders we can compare against other firms BUT I see their will be a lot of demand for higher salaries eg at banks after CEOs see what Oigara makes.

I do not think employees will be thrilled at what CEOs make. As a shareholder, unless the CEO is pushing and generates real (alpha) value then it is worrying as well.

How much can KK make without Ohana? [Can another manager who makes 40% still generate the same profits?]
How much can KCB make without Oigara? [Can another manager who makes 40% still generate the same profits?] JM (Equity) made 30% vs Oigara but the "alpha" generated by Oigara may not be significant.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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heri
#83 Posted : Thursday, May 03, 2018 3:09:00 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
VituVingiSana wrote:
Listed KE firms do pay well! Heck, very well.

Ohana (KK) - 151mn + Options
Oigara (KCB) - 240mn
Githogo (CIC) - 74mn

And many others!

It's good to know how much they are paid so as shareholders we can compare against other firms BUT I see their will be a lot of demand for higher salaries eg at banks after CEOs see what Oigara makes.

I do not think employees will be thrilled at what CEOs make. As a shareholder, unless the CEO is pushing and generates real (alpha) value then it is worrying as well.

How much can KK make without Ohana? [Can another manager who makes 40% still generate the same profits?]
How much can KCB make without Oigara? [Can another manager who makes 40% still generate the same profits?] JM (Equity) made 30% vs Oigara but the "alpha" generated by Oigara may not be significant.


I also wish there was a way the sustainability of the firms in the long term can be considered in deciding on these hefty pay. You pay a CEO such kind of money and there are alot of hidden skeletons that are revealed much later .
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heri
#84 Posted : Thursday, May 03, 2018 4:55:27 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
when do the books close for the dividends?
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VituVingiSana
#85 Posted : Thursday, May 03, 2018 7:10:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
heri wrote:
VituVingiSana wrote:
Listed KE firms do pay well! Heck, very well.

Ohana (KK) - 151mn + Options
Oigara (KCB) - 240mn
Githogo (CIC) - 74mn

And many others!

It's good to know how much they are paid so as shareholders we can compare against other firms BUT I see their will be a lot of demand for higher salaries eg at banks after CEOs see what Oigara makes.

I do not think employees will be thrilled at what CEOs make. As a shareholder, unless the CEO is pushing and generates real (alpha) value then it is worrying as well.

How much can KK make without Ohana? [Can another manager who makes 40% still generate the same profits?]
How much can KCB make without Oigara? [Can another manager who makes 40% still generate the same profits?] JM (Equity) made 30% vs Oigara but the "alpha" generated by Oigara may not be significant.


I also wish there was a way the sustainability of the firms in the long term can be considered in deciding on these hefty pay. You pay a CEO such kind of money and there are alot of hidden skeletons that are revealed much later .
Segman comes to mind with the oil and currency hedges, etc. Naikuni/Mbugua with their fuel hedges, etc. Kidero. And many more such cases.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#86 Posted : Thursday, May 03, 2018 8:56:19 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Boom! @vvs takes good care of his boss

KQ ABP 4.26
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sparkly
#87 Posted : Thursday, May 03, 2018 9:06:03 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
Boom! @vvs takes good care of his boss


And people say Africa is just poverty and disease!!

Anyhow slay queens are waiting to help him spend the money in his retirement.
Life is short. Live passionately.
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obiero
#88 Posted : Thursday, May 03, 2018 9:25:35 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html

"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."

Obiero waaah

Waaaa.. Pesa mingi hio

KQ ABP 4.26
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Ericsson
#89 Posted : Thursday, May 03, 2018 10:32:53 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/Kobil-sets-record-with-Sh707m-CEO-exit-pay/539546-4542152-vw4srkz/index.html

"Oil marketer KenolKobil paid its former chief executive, Jacob Segman, Sh707.1 million to settle a long-running dispute over his stock-based compensation, making it corporate Kenya’s largest single payout to an executive
The sum is nine times the Sh77.1 million the oil marketer had earlier provided for in its books for Mr Segman’s compensation, but which was not disclosed as such."

Obiero waaah

Waaaa.. Pesa mingi hio


Corporate greed and thuggery
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#90 Posted : Thursday, May 03, 2018 11:21:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
obiero wrote:
Boom! @vvs takes good care of his boss

d'oh! d'oh! d'oh! Segman almost killed KK in the name of greed. It's a pity he is getting this payoff. Perhaps he had something on KK's murky past when Total Man was alive?
Liar Liar Liar

Ohana 151mn
Mathenge [non-exec chairman] 24mn d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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