wazua Mon, Jan 13, 2025
Welcome Guest Search | Active Topics | Log In | Register

17 Pages«<89101112>»
CMC MOTORS Boardroom Wars
mnjoro
#181 Posted : Wednesday, November 16, 2011 4:37:57 PM
Rank: Member


Joined: 2/21/2009
Posts: 573
gathinga wrote:
COURT blocks former CMC chairman Peter Muthoka from holding extra ordinary meeting on Monday.

Applause Applause Applause Applause
At least the company has time to finish the audit.
VituVingiSana
#182 Posted : Thursday, November 17, 2011 12:59:49 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
If I had to choose between Lay/Ndungu/Kibe vs muthoka/kiereini/forster... I am going with LNK
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Sober
#183 Posted : Thursday, November 17, 2011 7:20:44 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
So there being no eeting on monday, what happens.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Kwanini
#184 Posted : Thursday, November 17, 2011 9:56:14 AM
Rank: Member


Joined: 1/28/2009
Posts: 353
Location: Cloud
hi, quick one is Gin the newly appointed PR gurus for CMC? sob sob... money under the sewer!! How i pity all the CMC "guests" who keep this thread in their armpits as if it were their staff manual...
"For i am the master and the captain of my fate"
liomungai
#185 Posted : Thursday, November 17, 2011 11:46:24 AM
Rank: New-farer


Joined: 2/17/2010
Posts: 47
Location: Nairobi
@GordonGekko
Quote:
BTW, is it true that Muthoka was a bland BBK cashier at one point in his life and questions still abound as to how he managed to end up in control of Andy and CMC?

d'oh! true that, he got a connection to the big boss - bwana pepe mandevu.....
People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth
Lolest!
#186 Posted : Saturday, November 19, 2011 9:16:57 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Received some long mail from Lay countering the points raised by Muthoka in his EGM. Could this crisis be a turning point to the better for the co? During the quiet times the directors and staff were fleecing the co! Now they know our eyes are on them. If Muthoka could overcharge 0.5b at a time when the co made 0.4b in profits and now such avenues have been closed it could herald better days ahead!
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
hisah
#187 Posted : Sunday, November 20, 2011 7:22:44 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Lolest! wrote:
Received some long mail from Lay countering the points raised by Muthoka in his EGM. Could this crisis be a turning point to the better for the co? During the quiet times the directors and staff were fleecing the co! Now they know our eyes are on them. If Muthoka could overcharge 0.5b at a time when the co made 0.4b in profits and now such avenues have been closed it could herald better days ahead!


Approx 95% of serious enterprise corruption cases end up in bankruptcy...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25081985
#188 Posted : Sunday, November 20, 2011 9:06:23 AM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Lolest! wrote:
Received some long mail from Lay countering the points raised by Muthoka in his EGM. Could this crisis be a turning point to the better for the co? During the quiet times the directors and staff were fleecing the co! Now they know our eyes are on them. If Muthoka could overcharge 0.5b at a time when the co made 0.4b in profits and now such avenues have been closed it could herald better days ahead!


i like your thinking ....
sparkly
#189 Posted : Sunday, November 20, 2011 6:59:54 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Lolest! wrote:
Received some long mail from Lay countering the points raised by Muthoka in his EGM. Could this crisis be a turning point to the better for the co? During the quiet times the directors and staff were fleecing the co! Now they know our eyes are on them. If Muthoka could overcharge 0.5b at a time when the co made 0.4b in profits and now such avenues have been closed it could herald better days ahead!

mmhhhh similar wars at marshalls, look no further. A company cannot have time to for negative politics and time to make money. Employees feel insecure look for exits or chances to 'eat'. Customers are neglected and shun the association. Suppliers will be unwilling to offer favorable credit terms or will just withdraw franchises. Imho
Life is short. Live passionately.
vinii
#190 Posted : Monday, November 21, 2011 7:45:37 AM
Rank: Elder


Joined: 10/14/2009
Posts: 2,057
Lolest! wrote:
Received some long mail from Lay countering the points raised by Muthoka in his EGM. Could this crisis be a turning point to the better for the co? During the quiet times the directors and staff were fleecing the co! Now they know our eyes are on them. If Muthoka could overcharge 0.5b at a time when the co made 0.4b in profits and now such avenues have been closed it could herald better days ahead!

@ Rorest, could you share the mail here?
If you are an eagle don't hang around with chickens; chickens don't fly....
Lolest!
#191 Posted : Monday, November 21, 2011 1:38:24 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
@ vinii, it was via snail mail. Keeping hope alive
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Insurgent
#192 Posted : Monday, November 21, 2011 3:13:51 PM
Rank: User


Joined: 8/6/2010
Posts: 594
These fellas should both hire PR companies to control damage so far done. They have now gone lower into petty issues and the media is taking all these and feeding the masses.

C/P

MOTOR dealer CMC yesterday asked its shareholders to ignore an ongoing exercise by Andy Forwarders to nominate proxies to vote in an upcoming extra ordinary general meeting. CMC chairman Joel Kibe said the exercise is in futility because the EGM, which was initially supposed to take place on Monday 21, has since been called off by the High Court.

Thorough a notice to shareholders in newspapers yesterday, former chairman Peter Muthoka, through Andy Forwarders, the largest shareholder at the listed motor firm, argued that even though the Monday meeting had been suspended by the courts, the ruling does not affect preparations for the EGM which will now be held at an unknown date. "We are advised that this ruling does not affect preparations of the EGM, " Muthoka said in the notice. "In particular, the closing date for the return of the proxies to Image Registrars Ltd," Muthoka argued.



"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.

Cde Monomotapa
#193 Posted : Monday, November 21, 2011 5:42:31 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Another Marshalls E.A in the making?
FUNKY
#194 Posted : Friday, December 09, 2011 11:40:43 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
There has been no news about CMC at all for the past few weeks..any one with an idea as to what is happening?
Dmitrys
#195 Posted : Friday, December 09, 2011 1:13:27 PM
Rank: New-farer


Joined: 9/29/2011
Posts: 22
Location: Nairobi
STAR 08/12/2011

Is someone after the life of a prominent businessman and former chairman of a listed motor company that has made headlines lately? The man was spotted driving from the Sankara Hotel in a top-of-the-range car. Following closely behind him was a chase car with two mean-looking men dressed in black suits. "Kwani amekuwa waziri?" quiped a man who noticed the controversial businessman's antics.

Kwanini
#196 Posted : Friday, December 09, 2011 2:22:33 PM
Rank: Member


Joined: 1/28/2009
Posts: 353
Location: Cloud
Posting a photo on wazua is a well kept secret. however hope u attended...
"For i am the master and the captain of my fate"
Thiong'o
#197 Posted : Wednesday, December 14, 2011 10:38:11 PM
Rank: Member


Joined: 10/14/2011
Posts: 661
Similar problems elsewhere

The losses were hidden through an intricate scheme that diverted cash through a Cayman Islands account. Police in several countries are still investigating the transaction -- so far, no one has been arrested in the scheme.

http://edition.cnn.com/2...er/index.html?hpt=hp_c2
FUNKY
#198 Posted : Thursday, December 15, 2011 8:46:30 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Kihangeri
#199 Posted : Thursday, December 15, 2011 8:52:44 AM
Rank: User


Joined: 11/10/2010
Posts: 550
Location: Junction
Thiong'o wrote:
Similar problems elsewhere

The losses were hidden through an intricate scheme that diverted cash through a Cayman Islands account. Police in several countries are still investigating the transaction -- so far, no one has been arrested in the scheme.

http://edition.cnn.com/2...er/index.html?hpt=hp_c2


Olympus faced possible de-listing from the Tokyo Stock Exchange for filing fraudulent accounts related to the massive cover-up of losses from bad investments from the 1990s the company has kept off its books.

The furor following the firing of former Olympus CEO Michael Woodford in October and his subsequent turn as whistleblower on the decades-long cover-up, saw the stock value of the Japanese camera and medical instruments maker drop more than 75% at the height of the crisis. Three other top executives lost their jobs in the wake of the controversy, and officials in Japan, the U.S. and the UK are investigating possible criminal wrongdoing.

Did someone say the corruption vice was started and is sustained by mzungu bustards?
By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar...
Gaitho dialogues.


VituVingiSana
#200 Posted : Thursday, December 15, 2011 1:56:12 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Kihangeri wrote:
Thiong'o wrote:
Similar problems elsewhere

The losses were hidden through an intricate scheme that diverted cash through a Cayman Islands account. Police in several countries are still investigating the transaction -- so far, no one has been arrested in the scheme.

http://edition.cnn.com/2...er/index.html?hpt=hp_c2


Olympus faced possible de-listing from the Tokyo Stock Exchange for filing fraudulent accounts related to the massive cover-up of losses from bad investments from the 1990s the company has kept off its books.

The furor following the firing of former Olympus CEO Michael Woodford in October and his subsequent turn as whistleblower on the decades-long cover-up, saw the stock value of the Japanese camera and medical instruments maker drop more than 75% at the height of the crisis. Three other top executives lost their jobs in the wake of the controversy, and officials in Japan, the U.S. and the UK are investigating possible criminal wrongdoing.

Did someone say the corruption vice was started and is sustained by mzungu bustards?
Don't blame the wazungu for your problems. Kwani, were you forced to copy the scams? That stupid argument has been used by Kenyan politicians & thieves to JUSTIFY the corruption in Kenya since 1963 starting with kenyatta & friends then moi & friends and now kibaki & friends.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Users browsing this topic
Guest (5)
17 Pages«<89101112>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2025 Wazua.co.ke. All Rights Reserved.