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Kenya Airways...why ignore..
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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[quote=obiero]Believers keep coming forward http://kenyanwallstreet....hink-case-buy-kq-shares[/quote] Looks like it was written by @mwandiwambeu  possunt quia posse videntur
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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Lol. @muandiwambeu is on hard drugs
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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ARM overtakes kq amongst biggest losing counters year to date Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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@maka 1) Who didn't steal at/from KQ? 2) Who except shareholders didn't make money from KQ? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:@maka
1) Who didn't steal at/from KQ?
2) Who except shareholders didn't make money from KQ? @Diaz @Clarke @Yves @Maka never stole a dime from KQ.. There are several upright workers at the Pride of Africa. The shareholders at KQ are wise and patient. Like the bamboo tree we wait for years patiently accumulating, then BAM! Millions in the bank
KQ ABP 4.26
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:VituVingiSana wrote:@maka
1) Who didn't steal at/from KQ?
2) Who except shareholders didn't make money from KQ? @Diaz @Clarke @Yves @Maka never stole a dime from KQ.. There are several upright workers at the Pride of Africa. The shareholders at KQ are wise and patient. Like the bamboo tree we wait for years patiently accumulating, then BAM! Millions in the bank @ Diaz? Why do you think he resigned? Nailed in the forensic audit report. He was not going to survive the purge. @Clarke - Messed ticketing big time. No commercial strategy put in place by him. He left the Airline very vulnerable to competition. Tickets being sold by agents and proceeds pocketed and no action from the Commercial Director. @obiero, can you talk about something else please?
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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ArrestedDev wrote:obiero wrote:VituVingiSana wrote:@maka
1) Who didn't steal at/from KQ?
2) Who except shareholders didn't make money from KQ? @Diaz @Clarke @Yves @Maka never stole a dime from KQ.. There are several upright workers at the Pride of Africa. The shareholders at KQ are wise and patient. Like the bamboo tree we wait for years patiently accumulating, then BAM! Millions in the bank @ Diaz? Why do you think he resigned? Nailed in the forensic audit report. He was not going to survive the purge. @Clarke - Messed ticketing big time. No commercial strategy put in place by him. He left the Airline very vulnerable to competition. Tickets being sold by agents and proceeds pocketed and no action from the Commercial Director. @obiero, can you talk about something else please? So everyone was dirty at KQ? Why would Bidco hire a goon? Which page of the forensic report lists either Yves, Diaz, or Clarke.. That's ignorance at the best and slander at the worst. Weka link tutatue hii kesi
KQ ABP 4.26
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Rank: Member Joined: 5/29/2016 Posts: 898 Location: Nairobi
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obiero wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:@maka
1) Who didn't steal at/from KQ?
2) Who except shareholders didn't make money from KQ? @Diaz @Clarke @Yves @Maka never stole a dime from KQ.. There are several upright workers at the Pride of Africa. The shareholders at KQ are wise and patient. Like the bamboo tree we wait for years patiently accumulating, then BAM! Millions in the bank @ Diaz? Why do you think he resigned? Nailed in the forensic audit report. He was not going to survive the purge. @Clarke - Messed ticketing big time. No commercial strategy put in place by him. He left the Airline very vulnerable to competition. Tickets being sold by agents and proceeds pocketed and no action from the Commercial Director. @obiero, can you talk about something else please? So everyone was dirty at KQ? Why would Bidco hire a goon? Which page of the forensic report lists either Yves, Diaz, or Clarke.. That's ignorance at the best and slander at the worst. Weka link tutatue hii kesi Have not mentioned Yves anywhere but remember what is called collective responsibility. If the top management mess up everything then even the one who never did anything wrong must take responsibility. Chris Diaz looted through Safari Sevens Sponsorship. He was only months away from being sacked but opted to leave. Where in the world can a Marketing Director allow merchandise worth millions of shillings to be single sourced if he is not part of the game? http://www.theeastafrica...7700-14cqhfv/index.html
Quote:Sponsorship deals were also marred by improprieties. The auditors said that in the 2014 and last year’s sponsorships, there was no contract between KQ and the Safari Sevens organising team and, hence, no obligation to the event organisers. This past week KQ lost its Safari Sevens sponsorship of the Kenya Rugby team to betting company SportPesa.
“Our review of documents revealed instances of potential irregularities in the procurement process followed when selecting suppliers. We noted instances where purchasing orders for Safari Sevens related to procurements in 2014 and 2015 had been raised and approved after the services had already been received by KQ,” the auditors said.
Gerald Clarke approved tickets to be sold in the promotion category and agents pocketed billions while the CO. suffered massive looses.Even a gangster like Alex Mbugua is now using the flaw to claim he was fired for nothing yet Commercial messed up everything. Where in the world can a Commercial director and his managers who are all paid very well can allow revenue instruments of a Co. to be voided, reissued, refunded and whatever the satan knows occasioning a loss of $ 12 million. http://www.theeastafrica...8194-qtvp0lz/index.html Quote:
Most of the KQ ticket prices filed in its system were below the minimum seat cost as per its finance records. KQ issued more than 7 million seats between 2012 and last year at below price, resulting in a loss of $611.6 million.
“Our analysis of the Europe, India and Dubai routes revealed that up to 80 per cent of the seats were sold on promo or low yielding classes. This is a pointer that the revenue management practices at KQ may not be effectively managed to maximise revenue yields,” the auditors said.
The airline was also accused by the auditors of allowing its staff to void, refund and reissue tickets, causing a revenue loss of $12 million.
“Some of the changes included numerous occurrences of overbooked tickets, where staff with access to the Amadeus system would reopen closed fares and enable overbooking of tickets in lower fares,” the report states.
Travel agents were also accused of overcharging the premium on ticket prices to the airline’s corporate clients, making its tickets non-competitive in the market. For example, in 2014 and 2015, travel agents overcharged corporate clients by $312,650.
Stop defending people who looted the Co. dry and talk about something else. Do not come and tell me Bidco here. We know the kind of things that happened there.
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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ArrestedDev wrote:obiero wrote:ArrestedDev wrote:obiero wrote:VituVingiSana wrote:@maka
1) Who didn't steal at/from KQ?
2) Who except shareholders didn't make money from KQ? @Diaz @Clarke @Yves @Maka never stole a dime from KQ.. There are several upright workers at the Pride of Africa. The shareholders at KQ are wise and patient. Like the bamboo tree we wait for years patiently accumulating, then BAM! Millions in the bank @ Diaz? Why do you think he resigned? Nailed in the forensic audit report. He was not going to survive the purge. @Clarke - Messed ticketing big time. No commercial strategy put in place by him. He left the Airline very vulnerable to competition. Tickets being sold by agents and proceeds pocketed and no action from the Commercial Director. @obiero, can you talk about something else please? So everyone was dirty at KQ? Why would Bidco hire a goon? Which page of the forensic report lists either Yves, Diaz, or Clarke.. That's ignorance at the best and slander at the worst. Weka link tutatue hii kesi Have not mentioned Yves anywhere but remember what is called collective responsibility. If the top management mess up everything then even the one who never did anything wrong must take responsibility. Chris Diaz looted through Safari Sevens Sponsorship. He was only months away from being sacked but opted to leave. Where in the world can a Marketing Director allow merchandise worth millions of shillings to be single sourced if he is not part of the game? http://www.theeastafrica...7700-14cqhfv/index.html
Quote:Sponsorship deals were also marred by improprieties. The auditors said that in the 2014 and last year’s sponsorships, there was no contract between KQ and the Safari Sevens organising team and, hence, no obligation to the event organisers. This past week KQ lost its Safari Sevens sponsorship of the Kenya Rugby team to betting company SportPesa.
“Our review of documents revealed instances of potential irregularities in the procurement process followed when selecting suppliers. We noted instances where purchasing orders for Safari Sevens related to procurements in 2014 and 2015 had been raised and approved after the services had already been received by KQ,” the auditors said.
Gerald Clarke approved tickets to be sold in the promotion category and agents pocketed billions while the CO. suffered massive looses.Even a gangster like Alex Mbugua is now using the flaw to claim he was fired for nothing yet Commercial messed up everything. Where in the world can a Commercial director and his managers who are all paid very well can allow revenue instruments of a Co. to be voided, reissued, refunded and whatever the satan knows occasioning a loss of $ 12 million. http://www.theeastafrica...8194-qtvp0lz/index.html Quote:
Most of the KQ ticket prices filed in its system were below the minimum seat cost as per its finance records. KQ issued more than 7 million seats between 2012 and last year at below price, resulting in a loss of $611.6 million.
“Our analysis of the Europe, India and Dubai routes revealed that up to 80 per cent of the seats were sold on promo or low yielding classes. This is a pointer that the revenue management practices at KQ may not be effectively managed to maximise revenue yields,” the auditors said.
The airline was also accused by the auditors of allowing its staff to void, refund and reissue tickets, causing a revenue loss of $12 million.
“Some of the changes included numerous occurrences of overbooked tickets, where staff with access to the Amadeus system would reopen closed fares and enable overbooking of tickets in lower fares,” the report states.
Travel agents were also accused of overcharging the premium on ticket prices to the airline’s corporate clients, making its tickets non-competitive in the market. For example, in 2014 and 2015, travel agents overcharged corporate clients by $312,650.
Stop defending people who looted the Co. dry and talk about something else. Do not come and tell me Bidco here. We know the kind of things that happened there. So purchase of team jerseys is now a marketing role done by Diaz and not procurement.. And staff mischief on the booking system is Clarke fault. The links you avail point to none of the two. Collective responsibility is a term used but not understood. You steal as an individual not collectively. Hapa wazua utaona sampuli mingi ya binadamu
KQ ABP 4.26
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