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Kenya Airways...why ignore..
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Seles83
#10111 Posted : Thursday, June 14, 2018 6:26:50 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
The Executive pay/package is part of global larger issue. Switzerland tried to legislate but failed.

The biggest problem of KQ is that it's government entity and prone to government interference. Good, in terms of bailout and bad in terms of tough managerial decisions.

More monies, more problems...
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obiero
#10112 Posted : Thursday, June 14, 2018 9:24:43 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Seles83 wrote:
The Executive pay/package is part of global larger issue. Switzerland tried to legislate but failed.

The biggest problem of KQ is that it's government entity and prone to government interference. Good, in terms of bailout and bad in terms of tough managerial decisions.


Tugange yajayo

KQ ABP 4.26
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ArrestedDev
#10113 Posted : Thursday, June 14, 2018 11:24:11 AM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
Impunity wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
[quote=obiero]Ngunze walked away with KES 105,000,000 as severance pay from a loss making entity


Plus another 23 or is it 25m for the period he remained....

Balaa! But atleast the share is on another mini-rally https://live.mystocks.co.ke/[/quote]

There was no other option than to pay him out. The consultancy thing was just to appease him, he knew how the loans were acquired since Alex and Naikuni left. MJ is a brilliant executive.

Your remember he made a U-turn and announced Ngunze will leave.

This is history for now which should never be repeated.


What kind of shit is this severance pay?If as an employee your contract is not renewed then you get a severance lumpsome pay?
How was 105M calcuated?
Was this shot in his original contract?


His contract was terminated by the employer and there is always a clause protecting the employee.

He was paid for the remainder of term.


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VituVingiSana
#10114 Posted : Thursday, June 14, 2018 11:34:39 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
ArrestedDev wrote:
Impunity wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
[quote=obiero]Ngunze walked away with KES 105,000,000 as severance pay from a loss making entity


Plus another 23 or is it 25m for the period he remained....

Balaa! But atleast the share is on another mini-rally https://live.mystocks.co.ke/[/quote]

There was no other option than to pay him out. The consultancy thing was just to appease him, he knew how the loans were acquired since Alex and Naikuni left. MJ is a brilliant executive.

Your remember he made a U-turn and announced Ngunze will leave.

This is history for now which should never be repeated.


What kind of shit is this severance pay?If as an employee your contract is not renewed then you get a severance lumpsome pay?
How was 105M calcuated?
Was this shot in his original contract?


His contract was terminated by the employer and there is always a clause protecting the employee.

He was paid for the remainder of term.
Then why hire him as a consultant instead of having him finish off his term while doing what he did as a consultant?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#10115 Posted : Thursday, June 14, 2018 11:57:53 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
VituVingiSana wrote:
ArrestedDev wrote:
Impunity wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
[quote=obiero]Ngunze walked away with KES 105,000,000 as severance pay from a loss making entity


Plus another 23 or is it 25m for the period he remained....

Balaa! But atleast the share is on another mini-rally https://live.mystocks.co.ke/[/quote]

There was no other option than to pay him out. The consultancy thing was just to appease him, he knew how the loans were acquired since Alex and Naikuni left. MJ is a brilliant executive.

Your remember he made a U-turn and announced Ngunze will leave.

This is history for now which should never be repeated.


What kind of shit is this severance pay?If as an employee your contract is not renewed then you get a severance lumpsome pay?
How was 105M calcuated?
Was this shot in his original contract?


His contract was terminated by the employer and there is always a clause protecting the employee.

He was paid for the remainder of term.
Then why hire him as a consultant instead of having him finish off his term while doing what he did as a consultant?

Concentrate on deciding whether to sell Unga shares, ya KQ tuwachie!

KQ ABP 4.26
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ArrestedDev
#10116 Posted : Thursday, June 14, 2018 1:06:52 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
VituVingiSana wrote:
ArrestedDev wrote:
Impunity wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
[quote=obiero]Ngunze walked away with KES 105,000,000 as severance pay from a loss making entity


Plus another 23 or is it 25m for the period he remained....

Balaa! But atleast the share is on another mini-rally https://live.mystocks.co.ke/[/quote]

There was no other option than to pay him out. The consultancy thing was just to appease him, he knew how the loans were acquired since Alex and Naikuni left. MJ is a brilliant executive.

Your remember he made a U-turn and announced Ngunze will leave.

This is history for now which should never be repeated.


What kind of shit is this severance pay?If as an employee your contract is not renewed then you get a severance lumpsome pay?
How was 105M calcuated?
Was this shot in his original contract?


His contract was terminated by the employer and there is always a clause protecting the employee.

He was paid for the remainder of term.
Then why hire him as a consultant instead of having him finish off his term while doing what he did as a consultant?


The consultancy did not last for long. A few months and he was out. Remember the figures quoted by the media are gross, after tax should be less.
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Chaka
#10117 Posted : Thursday, June 14, 2018 2:00:59 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Severence pay would apply to a permanent staff being retrenched and is based on the number of years worked?And I hope he paid his taxes..

obiero wrote:
Ngunze walked away with KES 105,000,000 as severance pay from a loss making entity

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VituVingiSana
#10118 Posted : Thursday, June 14, 2018 2:13:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
ArrestedDev wrote:
Impunity wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
[quote=obiero]Ngunze walked away with KES 105,000,000 as severance pay from a loss making entity


Plus another 23 or is it 25m for the period he remained....

Balaa! But atleast the share is on another mini-rally https://live.mystocks.co.ke/[/quote]

There was no other option than to pay him out. The consultancy thing was just to appease him, he knew how the loans were acquired since Alex and Naikuni left. MJ is a brilliant executive.

Your remember he made a U-turn and announced Ngunze will leave.

This is history for now which should never be repeated.


What kind of shit is this severance pay?If as an employee your contract is not renewed then you get a severance lumpsome pay?
How was 105M calcuated?
Was this shot in his original contract?


His contract was terminated by the employer and there is always a clause protecting the employee.

He was paid for the remainder of term.
Then why hire him as a consultant instead of having him finish off his term while doing what he did as a consultant?

Concentrate on deciding whether to sell Unga shares, ya KQ tuwachie!
Unfortunately, I am a 1/45,000,000 owner (GoK) of a large % this piece of poo.
Then I am a partial owner of some banks which lent good money to this piece of poo.
I am also a partial owner of some banks that have shares in KQLC that owns a 30% piece of this stinking pile of poo.
Finally, I am 1/45,000,000 owner of JKIA which will be given to this puerile piece of poo.

I am actually rooting for this pile of poo to become profitable!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#10119 Posted : Thursday, June 14, 2018 2:17:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
ArrestedDev wrote:
VituVingiSana wrote:
ArrestedDev wrote:
Impunity wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
[quote=obiero]Ngunze walked away with KES 105,000,000 as severance pay from a loss making entity


Plus another 23 or is it 25m for the period he remained....

Balaa! But atleast the share is on another mini-rally https://live.mystocks.co.ke/[/quote]

There was no other option than to pay him out. The consultancy thing was just to appease him, he knew how the loans were acquired since Alex and Naikuni left. MJ is a brilliant executive.

Your remember he made a U-turn and announced Ngunze will leave.

This is history for now which should never be repeated.


What kind of shit is this severance pay?If as an employee your contract is not renewed then you get a severance lumpsome pay?
How was 105M calcuated?
Was this shot in his original contract?


His contract was terminated by the employer and there is always a clause protecting the employee.

He was paid for the remainder of term.
Then why hire him as a consultant instead of having him finish off his term while doing what he did as a consultant?


The consultancy did not last for long. A few months and he was out. Remember the figures quoted by the media are gross, after tax should be less.
Regardless how long the consultancy lasted for, why was he fired [paid his termination dues] and then hired back as a consultant INSTEAD of remaining on the payroll while completing his assignment?
Taxes are a given. The cost to KQ was 105mn regardless of what was sent to KRA.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Thursday, June 14, 2018 2:19 PM | Reason: Not specified
ArrestedDev
#10120 Posted : Thursday, June 14, 2018 2:39:37 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
VituVingiSana wrote:
ArrestedDev wrote:
VituVingiSana wrote:
ArrestedDev wrote:
Impunity wrote:
ArrestedDev wrote:
obiero wrote:
maka wrote:
[quote=obiero]Ngunze walked away with KES 105,000,000 as severance pay from a loss making entity


Plus another 23 or is it 25m for the period he remained....

Balaa! But atleast the share is on another mini-rally https://live.mystocks.co.ke/[/quote]

There was no other option than to pay him out. The consultancy thing was just to appease him, he knew how the loans were acquired since Alex and Naikuni left. MJ is a brilliant executive.

Your remember he made a U-turn and announced Ngunze will leave.

This is history for now which should never be repeated.


What kind of shit is this severance pay?If as an employee your contract is not renewed then you get a severance lumpsome pay?
How was 105M calcuated?
Was this shot in his original contract?


His contract was terminated by the employer and there is always a clause protecting the employee.

He was paid for the remainder of term.
Then why hire him as a consultant instead of having him finish off his term while doing what he did as a consultant?


The consultancy did not last for long. A few months and he was out. Remember the figures quoted by the media are gross, after tax should be less.
Regardless how long the consultancy lasted for, why was he fired [paid his termination dues] and then hired back as a consultant INSTEAD of remaining on the payroll while completing his assignment?
Taxes are a given. The cost to KQ was 105mn regardless of what was sent to KRA.


It was impossible/untenable to keep him as the CEO considering the management decisions he oversaw.

He was kept to finish up with the loan restructuring since he was aware of how the loans were procured.
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