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Kenya Airways...why ignore..
maka
#12331 Posted : Thursday, May 02, 2019 8:52:49 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...




https://www.google.com/a...relists-in-huge-ipo/amp/
possunt quia posse videntur
VituVingiSana
#12332 Posted : Thursday, May 02, 2019 9:25:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#12333 Posted : Friday, May 03, 2019 6:05:50 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK

KQ ABP 4.26
Monk
#12334 Posted : Friday, May 03, 2019 7:36:05 AM
Rank: Member

Joined: 7/1/2009
Posts: 272
obiero wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK


Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.
obiero
#12335 Posted : Friday, May 03, 2019 7:47:01 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,215
Location: nairobi
Monk wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK


Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.

Hehe. I know.. He did well but self interest was at the center of his motivation

KQ ABP 4.26
Monk
#12336 Posted : Friday, May 03, 2019 8:15:00 AM
Rank: Member

Joined: 7/1/2009
Posts: 272
obiero wrote:
Monk wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK


Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.

Hehe. I know.. He did well but self interest was at the center of his motivation


That's exactly the kind of self-interest ESOPs are designed to inspire, where the employees and the firm grow together.
VituVingiSana
#12337 Posted : Friday, May 03, 2019 9:01:49 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Monk wrote:
obiero wrote:
Monk wrote:
obiero wrote:
VituVingiSana wrote:
maka wrote:
VituVingiSana wrote:
maka wrote:
https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449


Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.

SKIN IN THE GAME
"It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh."

Naikuni - ZERO shares. Remuneration? 30mn+
Ngunze - ZERO to peanuts. 30mn+
Mikosz - ZERO to peanuts. 60mn+



Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock...

Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff.

A somewhat similar approach didn't stop Ohana from pulling a heist at KK


Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.

Hehe. I know.. He did well but self interest was at the center of his motivation


That's exactly the kind of self-interest ESOPs are designed to inspire, where the employees and the firm grow together.
Applause Applause Applause
Whereas I did not fully endorse the "Share Option" scheme that KK gave Ohana, it did work. Applause
@Monk - Frankly, the green is key and thanks to KK my 2018 performance was positive despite a 100% loss in ARM and paper losses in some counters.

All that said, I look to "performance" of the firms not the share price. To paraphrase Warren Buffett: The stock market is not a sprint but a marathon.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
maka
#12338 Posted : Friday, May 03, 2019 11:43:12 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi

The government has written off a Sh24.2 billion loan advanced to struggling Kenya Airways in the latest move to keep the national flag carrier in the skies.

In budget documents presented in Parliament this week, the Treasury revealed that the loan was part of Sh27.2 billion worth of dormant loans that the Cabinet authorised to be written off.

Kenya Airways, which made another loss of Sh7.5 billion last year, had not made any attempt to repay the loan and it remained outstanding as at June 30, 2018. This made it the biggest recipient of write offs.

The government, which is the biggest shareholder in the airline, has been pumping money into KQ in an attempt to resuscitate it and pull it out of the red. But the airline has remained in the loss making territory for the last five years.
possunt quia posse videntur
maka
#12339 Posted : Friday, May 03, 2019 1:08:02 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ebenyo
#12340 Posted : Friday, May 03, 2019 1:24:51 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
maka wrote:

The government has written off a Sh24.2 billion loan advanced to struggling Kenya Airways in the latest move to keep the national flag carrier in the skies.

In budget documents presented in Parliament this week, the Treasury revealed that the loan was part of Sh27.2 billion worth of dormant loans that the Cabinet authorised to be written off.

Kenya Airways, which made another loss of Sh7.5 billion last year, had not made any attempt to repay the loan and it remained outstanding as at June 30, 2018. This made it the biggest recipient of write offs.

The government, which is the biggest shareholder in the airline, has been pumping money into KQ in an attempt to resuscitate it and pull it out of the red. But the airline has remained in the loss making territory for the last five years.



if the management will not take other huge credit facilities in the next 6 months,this will immediately return kenya airways into positive equity.This means GOK is determined to return KQ into profitability.
Towards the goal of financial freedom
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