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Kenya Re - 2018 and beyond
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murchr
#151 Posted : Friday, July 20, 2018 2:28:46 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


Good Ruto guys should resign
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Ericsson
#152 Posted : Friday, July 20, 2018 2:45:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
murchr wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


Good Ruto guys should resign

@vvs
So now the counter should go back to ksh.20?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Friday, July 20, 2018 3:34 PM | Reason: Not specified
Ebenyo
#153 Posted : Saturday, July 21, 2018 9:54:05 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign
Towards the goal of financial freedom
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obiero
#154 Posted : Saturday, July 21, 2018 10:59:56 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign

Board room drama has never ended well in any company. Expect harder knocks on the share price

KQ ABP 4.26
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Ericsson
#155 Posted : Saturday, July 21, 2018 1:14:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#156 Posted : Saturday, July 21, 2018 2:35:36 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.

Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re.
cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D
Pesa Nane plans to be shilingi when he grows up.
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obiero
#157 Posted : Saturday, July 21, 2018 3:26:37 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Pesa Nane wrote:
Ericsson wrote:
Ebenyo wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


This is getting ugly.There will be no harmony and cohesion between the board and the MD.Productivity of the company will be affected.
The board hardened its position when the court ordered for negotiation.They will now have several options:
1.Swallow their pride and accept Mwarania to serve his full contract which expires in 2021
2.Appeal the court decision.
3.The board members behind Mwarania sacking to resign


The obvious will happen.The chairman will be removed if he doesn't mend fences with Mwarania.

Mwarania may never see the inside of his former office but the judgement gives him an upper-hand to 'amicably" part ways with Ken-Re.
cc. ThatKQthief, ThatUchumiShopLifter, FormThari4D

This is obviously true and the only way forward

KQ ABP 4.26
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VituVingiSana
#158 Posted : Saturday, July 21, 2018 11:49:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
murchr wrote:
Ericsson wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/news/Court-reinstates-Kenya-Re-MD-Jadiah-Mwarania/539546-4672958-ldwl2y/index.html

The Employment and Labour Relations Court has ordered the reinstatement of sacked Kenya Re managing director Jadiah Mwarania.
Justice Byram Ongaya said he should also get full for payment for the period he was away and the board should not interfere or sabotage his job.
The court noted that Mr Mwarania's termination was unfair as he was not given opportunity to be heard, finding that the alleged loss of trust and confidence was unfounded.


Out of court negotiation failed.


Good Ruto guys should resign

@vvs
So now the counter should go back to ksh.20?

The NAV is 38 and I will wait patiently for a payday at a much higher price than 20/-
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#159 Posted : Monday, July 23, 2018 1:11:05 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Kenya Re boss sack tied to State House order, rules judge

https://www.businessdail...675954-p0ojii/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#160 Posted : Monday, July 23, 2018 9:24:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
[quote=VituVingiSana]Kenya Re boss sack tied to State House order, rules judge

https://www.businessdail...75954-p0ojii/index.html[/quote]

Handshake manenos
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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