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FAMILY BANK STEALS THE SHOW FROM KCB!
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Hunderwear
#1 Posted : Monday, June 20, 2011 8:24:52 AM
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Joined: 4/14/2011
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Family Bank is warming up to the former Kcb deputy CEO to replace Peter Kinyanjui as the CEO.Now you know we mean busines.An announcement likely later this afternoon
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Cde Monomotapa
#2 Posted : Monday, June 20, 2011 8:28:40 AM
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Tihihi.
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Wa_ithaka
#3 Posted : Monday, June 20, 2011 8:28:56 AM
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Great move
The Governor of Nyeri - 2017
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Cde Monomotapa
#4 Posted : Monday, June 20, 2011 8:32:16 AM
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Hunderwear wrote:
Family Bank is warming up to the former Kcb deputy CEO to replace Peter Kinyanjui as the CEO.Now you know we mean busines.An announcement likely later this afternoon

Hahaha LMAO!! Family failed to un-settle even rattle Equity Bank..you think it is KCB they will come against? C'mon man..Family is a wanksta up against KCB & EBL.
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QW25071985
#5 Posted : Monday, June 20, 2011 8:43:55 AM
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Are u trying to compare family bank with k.c.b or member . Just cause they have a new c.e.o ??
LMAO !!
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Hunderwear
#6 Posted : Monday, June 20, 2011 8:50:25 AM
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Cde Monomotapa wrote:
Hunderwear wrote:
Family Bank is warming up to the former Kcb deputy CEO to replace Peter Kinyanjui as the CEO.Now you know we mean busines.An announcement likely later this afternoon

Hahaha LMAO!! Family failed to un-settle even rattle Equity Bank..you think it is KCB they will come against? C'mon man..Family is a wanksta up against KCB & EBL.

>Dont you count us out yet as anyone in SME wil tel you Family is preferf to ur EBL and KCB.Its gonna be a long journey but hey we got the first step great n in the right direction.See you at the top
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Cde Monomotapa
#7 Posted : Monday, June 20, 2011 9:06:23 AM
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Hunderwear wrote:
Cde Monomotapa wrote:
Hunderwear wrote:
Family Bank is warming up to the former Kcb deputy CEO to replace Peter Kinyanjui as the CEO.Now you know we mean busines.An announcement likely later this afternoon

Hahaha LMAO!! Family failed to un-settle even rattle Equity Bank..you think it is KCB they will come against? C'mon man..Family is a wanksta up against KCB & EBL.

>Dont you count us out yet as anyone in SME wil tel you Family is preferf to ur EBL and KCB.Its gonna be a long journey but hey we got the first step great n in the right direction.See you at the top

Now u r talking reasonably. See you @ the top comrade. Indegenous over beberu banks anytime!!
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Genghis Khan
#8 Posted : Monday, June 20, 2011 9:06:37 AM
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Location: Nairobi
Laughing out loudly Laughing out loudly Laughing out loudly
Family did not STEAL the show from anyone...
Laughing out loudly Laughing out loudly Laughing out loudly

they chose to shop CHEAP for a DCEO who has been FIRED by another bank and make him CEO...

if the guy is good then its a good acquisition by Family...

I'm buying Equity & KCB and I'm not scared unless they can "steal" JMwangi / O-Otieno...

Or if they decide to get innovative and more aggressive / ambitious in their plans maybe I'll get scared...
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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milken
#9 Posted : Monday, June 20, 2011 9:08:33 AM
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Your first step should be removing the Kiondo's from day to day operations
Itari muting'oe ihuragwo ngi ni Ngai
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Silk
#10 Posted : Monday, June 20, 2011 10:12:30 AM
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The main beneficiary remains this Munyiri guy. The KCB lumpsum and a new job ofcourse at a better rate.
I suspect he'll not enjoy it at Family.
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Hunderwear
#11 Posted : Monday, June 20, 2011 10:16:42 AM
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milken wrote:
Your first step should be removing the Kiondo's from day to day operations

>what do u mean by kiondos,the wanjiku?
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Silk
#12 Posted : Monday, June 20, 2011 10:38:19 AM
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Kiondo = Muya
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mwanahisa
#13 Posted : Monday, June 20, 2011 11:02:41 AM
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Joined: 6/2/2008
Posts: 1,438
Genghis Khan wrote:
Laughing out loudly Laughing out loudly Laughing out loudly
they chose to shop CHEAP for a DCEO who has been FIRED by another bank and make him CEO...


And that's the truth...Most likely the Ex KCB DCEO will be earning more than Kinyanjui used to. The only positive is that this Munyiri guy has a bigger profile than Kinyanjui but I would not be too excited ... not yet anyway.
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KulaRaha
#14 Posted : Monday, June 20, 2011 11:12:15 AM
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Joined: 7/26/2007
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Wa_ithaka wrote:
Great move


Really?

You've worked with Munyiri and think his style of management is great??
Business opportunities are like buses,there's always another one coming
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Genghis Khan
#15 Posted : Monday, June 20, 2011 11:15:06 AM
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mwanahisa wrote:
Genghis Khan wrote:
Laughing out loudly Laughing out loudly Laughing out loudly
they chose to shop CHEAP for a DCEO who has been FIRED by another bank and make him CEO...

And that's the truth...Most likely the Ex KCB DCEO will be earning more than Kinyanjui used to. The only positive is that this Munyiri guy has a bigger profile than Kinyanjui but I would not be too excited ... not yet anyway.

I hear he was in KCB for 20plus years!!! Am I right? Just from that, "lacklustre" is my opinion.

Silk wrote:
The main beneficiary remains this Munyiri guy. The KCB lumpsum and a new job ofcourse at a better rate.
I suspect he'll not enjoy it at Family.

They say lumpsum is:

1.5*NumberOfMonthsInKCB*Salary

Assuming conservatively that the DCEO salary after 20years is 2M...

1.5 * 240 * 2,000,000 =

KES 720,000,000 Gross

After GoK promptly takes 30% tax...

KES 500,000,000 take home!!!!!

And then there is PENSION!

Someone please tell me am wrong... I am a KCB shareholderSad
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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Hunderwear
#16 Posted : Monday, June 20, 2011 11:26:41 AM
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Posts: 639
mwanahisa wrote:
Genghis Khan wrote:
Laughing out loudly Laughing out loudly Laughing out loudly
they chose to shop CHEAP for a DCEO who has been FIRED by another bank and make him CEO...


And that's the truth...Most likely the Ex KCB DCEO will be earning more than Kinyanjui used to. The only positive is that this Munyiri guy has a bigger profile than Kinyanjui but I would not be too excited ... not yet anyway.

Family bank had been shopn for a CEO before appointing Kinyanjui so Munyiri perfectly fills the gap the bank has been operating with.The main motivator wil be revenge on KCB and not the pay.We wil definitely crunch some of the deals slated for KCB!LOL
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Wa_ithaka
#17 Posted : Monday, June 20, 2011 11:33:31 AM
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Location: nbi
KulaRaha wrote:
Wa_ithaka wrote:
Great move


Really?

You've worked with Munyiri and think his style of management is great??


Can't say I have. What is his problem/s?
The Governor of Nyeri - 2017
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Genghis Khan
#18 Posted : Monday, June 20, 2011 11:34:55 AM
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Posts: 335
Location: Nairobi
Hunderwear wrote:
mwanahisa wrote:
Genghis Khan wrote:
Laughing out loudly Laughing out loudly Laughing out loudly
they chose to shop CHEAP for a DCEO who has been FIRED by another bank and make him CEO...


And that's the truth...Most likely the Ex KCB DCEO will be earning more than Kinyanjui used to. The only positive is that this Munyiri guy has a bigger profile than Kinyanjui but I would not be too excited ... not yet anyway.

Family bank had been shopn for a CEO before appointing Kinyanjui so Munyiri perfectly fills the gap the bank has been operating with.The main motivator wil be revenge on KCB and not the pay.We wil definitely crunch some of the deals slated for KCB!LOL


This guy was DCEO in charge of "Group Controls"...

I don't think you should expect him to bring much in the way of "deals"...

Unless you want to take some of the other guys as well eg. treasury, corporate banking etc...

If you do that please have in mind that you are taking the guys that McKinsey think were doing more "harm than good" within KCB (ie. making big salaries without adding value)...

Still it's entirely possible to put them to good use in a new organisation. GoodLuck!
"I'd rather be lucky than clever... every time!" - ME
"The problem is not what we don't know... it's what we know for sure that just ain't!" - MARK TWAIN
"Space we can recover... time never!" - NAPOLEON BONAPARTE
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Wa_ithaka
#19 Posted : Monday, June 20, 2011 11:41:30 AM
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Location: nbi
Peter Munyiri was actually lined up to be the next CEO at KCB, but he quit for this role. That might have something to do with the potential he sees at Family Bank compared to the bank he has worked at for a few yrs.
The Governor of Nyeri - 2017
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mwanahisa
#20 Posted : Monday, June 20, 2011 11:44:38 AM
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Joined: 6/2/2008
Posts: 1,438
YES, INDEED YOU ARE WRONG! The payoff is 1.5 months per year worked not for all the months. Still, it is a pretty good deal for Munyiri et al.

Genghis Khan wrote:
They say lumpsum is:

1.5*NumberOfMonthsInKCB*Salary

Assuming conservatively that the DCEO salary after 20years is 2M...

1.5 * 240 * 2,000,000 =

KES 720,000,000 Gross

After GoK promptly takes 30% tax...

KES 500,000,000 take home!!!!!

And then there is PENSION!

Someone please tell me am wrong... I am a KCB shareholderSad

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