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Kenya Airways...why ignore..
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ArrestedDev
#10121 Posted : Thursday, June 14, 2018 2:42:37 PM
Rank: Member

Joined: 5/29/2016
Posts: 898
Location: Nairobi
@maka, what is the cabin factor so far for the JFK maiden flight?

Do you have any information?
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VituVingiSana
#10122 Posted : Thursday, June 14, 2018 7:02:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
ArrestedDev wrote:
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.

I agree on firing him re: performance. After all, didn't he "entice" of us to keep on pushing a false narrative re: it's performance and shares?
As for the loans - these are documented so I do not see the need to have kept him on. Someone else could have picked up the slack.

Anyway, it's a done deal.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#10123 Posted : Thursday, June 14, 2018 10:00:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
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.

105m is a bearable cost for KQ

KQ ABP 4.26
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VituVingiSana
#10124 Posted : Friday, June 15, 2018 12:24:29 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
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.

105m is a bearable cost for KQ
When did KQ start making a profit? Even if KQ could afford it, it is unconscionable...
Basically, NONE of the managers and directors of KQ have skin in the game.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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maka
#10125 Posted : Friday, June 15, 2018 1:02:11 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
@Obiero text me... Uv missed again bro. Lost my phone.
possunt quia posse videntur
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obiero
#10126 Posted : Friday, June 15, 2018 6:25:08 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
maka wrote:
@Obiero text me... Uv missed again bro. Lost my phone.

Done

KQ ABP 4.26
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obiero
#10127 Posted : Friday, June 15, 2018 5:46:51 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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  | | Edit by user: Friday, June 15, 2018 5:52 PM | Reason: Not specified
obiero
#10128 Posted : Saturday, June 16, 2018 4:58:53 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
To all fair minded wazuans. It's now or never.. By 22.06.2018 the ship would have sailed. 2018 will be a year you may live to remember or regret depending on your next move. Thank me later

KQ ABP 4.26
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Impunity
#10129 Posted : Saturday, June 16, 2018 11:31:17 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
obiero wrote:
To all fair minded wazuans. It's now or never.. By 22.06.2018 the ship would have sailed. 2018 will be a year you may live to remember or regret depending on your next move. Thank me later


We are tired with you.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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VituVingiSana
#10130 Posted : Sunday, June 17, 2018 1:55:04 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
To all fair minded wazuans. It's now or never.. By 22.06.2018 the ship would have sailed. 2018 will be a year you may live to remember or regret depending on your next move. Thank me later
We have been thanking you since 2013... Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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