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why is RAO interfering with a listed company yet he is not a share holder
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tassia
#11 Posted : Saturday, September 01, 2012 9:33:30 AM
Rank: Member

Joined: 4/25/2011
Posts: 368
Location: Nairobi
I have not seen the letter and I do not always trust our media. The media says that the PM has ordered. If that is the tone of the letter, that would be very unfortunate. The PM can not order KQ. The government possibly in a cabinet meeting can only influence this through Directors who sit on the board representing government. And even in the board, the government has to convince the other shareholders whose hold about 70%. And it will not be easy. They could ask the government to pay for over and above what the company was willing to pay for retrenchment.

The PM ask if KQ has looked into other ways including pay cuts. I am not sure guys who have been lately on strike asking for pay rise would be ready for pay cuts. And possibly that have been the thinking of KQ board. But I suspect with the headache the union has given KQ management, the board would be happy with a retrenchment and starting with the union members and outsourcing some of the services.
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SG
#12 Posted : Saturday, September 01, 2012 10:42:51 AM
Rank: Member

Joined: 4/5/2008
Posts: 30
A communist to the core n risky for investmentsSad Sad
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mwekez@ji
#13 Posted : Saturday, September 01, 2012 11:07:47 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
& z fella wants 2b prezo?!¿ NKTEST!!!
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MaichBlack
#14 Posted : Saturday, September 01, 2012 1:10:44 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
I don't like commenting on politicians including RAO but this RAO fellow has gone too far. I have my f@#king money in this business and some politician writes a letter which has direct effect on my investment just because he wants votes??? I hate this busy body tendency especially when my hard earned cash is involved! Why does a fellow feel he should intefere in anything and everything from cattle dip affairs to Airline business just because he holds a position we never voted for?

Are we a communist country? This is a capitalist country and KQ is a publicly listed company. Someone get the fellow a dictionary and a book in basic economics! And I agree, this is not a FISH MARKET!!!

A politician can yap all he wants and give all the stories and promises he wants and I wouldn't care one bit! But when you start messing with my money/investment, then we have a problem!!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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  | | Edit by user: Saturday, September 01, 2012 7:10 PM | Reason: Not specified
Mastermind
#15 Posted : Saturday, September 01, 2012 1:17:24 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Its either Rao is clueless or wants to make headlines/being talked about... This reminds me of that leaked ODM memo which had limited knowledge on economic matter as some of his weakness.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Impunity
#16 Posted : Saturday, September 01, 2012 2:50:40 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,334
Location: Masada
SG wrote:
A communist to the core n risky for investmentsSad Sad


Suppose your dad was in line for the axe and you were a second year in some university/college?
Shame on you
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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speculator
#17 Posted : Saturday, September 01, 2012 2:58:44 PM
Rank: New-farer

Joined: 12/1/2009
Posts: 75
Location: nairobi
MaichBlack wrote:
I don't like commenting on politicians including RAO but this RAO fellow has gone too far. I have my f@#king money in this business and some politicians writes a letter which has direct effect on my investment just because he wants votes??? I hate this busy body tendency especially when my hard earned cash is involved! Why does a fellow feel he should intefere in anything and everything from cattle dip affairs to Airline business just because he holds a position we never voted for?

Are we a communist country? This is a capitalist country and KQ is a publicly listed company. Someone get the fellow a dictionary and a book in basic economics! And I agree, this is not a FISH MARKET!!!

A politician can yap all he wants and give all the stories and promises he wants and I wouldn't care one bit! But when you start messing with my money/investment, then we have a problem!!!!

Pray Pray And Kenya Power is my retirement stock. Let it 20/- i bail out if that fellow is behaving like that. got in @ 24/-. Atasema wapeane stima bure juu wananichi wamelalamika.
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mlennyma
#18 Posted : Saturday, September 01, 2012 3:19:12 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
And i also remember rao was after bringing down safcom sometimes back.
"Don't let the fear of losing be greater than the excitement of winning."
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Gadaffi
#19 Posted : Saturday, September 01, 2012 4:10:56 PM
Rank: Member

Joined: 2/13/2011
Posts: 284
Location: Nairobi
sparkly wrote:
A company's decision making organ is the board. RAO should have acted through the GOK board representatives. He can't do that even if the company was a private company owned by his wife and son.

tru dat. the govt is rep by the PS-min of finance $ PS-min of transport in the board. He who wishes to push an agenda in the govt sld go thro these rep's. I however do not foresee RAO getting official support mostly from the min of finance in pushing his agenda.
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sparkly
#20 Posted : Saturday, September 01, 2012 4:27:35 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Gadaffi wrote:
sparkly wrote:
A company's decision making organ is the board. RAO should have acted through the GOK board representatives. He can't do that even if the company was a private company owned by his wife and son.

tru dat. the govt is rep by the PS-min of finance $ PS-min of transport in the board. He who wishes to push an agenda in the govt sld go thro these rep's. I however do not foresee RAO getting official support mostly from the min of finance in pushing his agenda.


sorry to say but this is this is the "big african man" buffoonery that we don't need in our beloved KQ.

Life is short. Live passionately.
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