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Shareholder Spring - Shareholders Revolt against Crappy Managements
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Jamani
#11 Posted : Friday, May 11, 2012 10:38:52 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
QW25091985 wrote:
Jamani wrote:
Qw you are still wounded and we understand your pain.... I am a positive thinker and I believe nothing is not possible and no one is forcing the CEOs to take up shares we are raising issues of their compensation based on performance..... the share issue comes up when comparing companies that management have shares and those that management doesnt have and it comes up that where management have no shares listed against their names performance is wanting....get it Mr. analyst ?
We are not sleeping thats the reason we are seeing and raising this challenge and we need to do something about, being Kenya or not we have to change the anomaly, its only from our concerted efforts that this shall be changed... we shall not seat analyze as you do then come up with a lazy statement of analysis that this is Kenya. We have to think to reach vision 2030... no lazy analysis.....


you are starting to get borin'
perepepe mingi tu ndio iko . i think you are on of those people who are so quick in formulating policies but are lazy to implement them . you continue thinking about vision 2030 ... 2050 ...2080 ...20????


Mr. Analyst you know nothing about me...sorry, I dont wish to engage you at a personal level i will leave your thinking to your self, if thats your analysis then good for you. I will focus my positive energy and concentrate on the interesting topic that has been raised by VVS.
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youcan'tstopusnow
#12 Posted : Friday, May 11, 2012 11:27:29 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I think that one needs to be aware of what they are buying into. Odds are management aren't brilliant then turn crappy after some time. They were probably crappy in the first place!

A basic tenet you should also consider:

"The minority will have their say, but the majority will have their way"

Unfortunately, there is ALWAYS a risk in being in the minority
GOD BLESS YOUR LIFE
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  | | Edit by user: Friday, May 11, 2012 11:33 AM | Reason: Not specified
youcan'tstopusnow
#13 Posted : Friday, May 11, 2012 11:32:24 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
But it is nice to see that shareholder activism in Kenya has evolved from going to AGM's and demanding umbrellas and free lunches! The KQ court case shows this...

GOD BLESS YOUR LIFE
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Jamani
#14 Posted : Friday, May 11, 2012 11:36:53 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
It should evolve beyond just raising hands to adopt everything without questioning or clarity on issues they are voting for.
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VituVingiSana
#15 Posted : Friday, May 11, 2012 11:37:38 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
GenghisCapitalLtd wrote:
VituVingiSana interesting topic!! As much we want to adopt what's happening in the UK, I think we are still a few lightyears off. The day that Kenyans realise that they are the owners of the company by simply getting into shares is the day that they know they hold the power. It all boils down to the regulator and the industry players in educating market participants. Am I optimistic that we will achieve this by 2030? The way things are no way, the right people are not in charge of the regulatory body - achieve that then we would have taken a HUGE step in the right direction but I am optimistic that shareholder activism will happen in our lifetime...fingers crossed though.

Look at CMC where Ndungu & Kibe sued the some of the Board & management

KQ (which Ndungu was a huge shareholder) was sued for the Rights Issue

I expect similar complaints (even if not legal) coming up
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#16 Posted : Friday, May 11, 2012 12:57:33 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
@VVS may be onto something. More news...

Jeffrey Rosen, chairman of the remuneration committee at WPP, is to embark on a series of meetings with investors in an attempt to head off a row over a 30% pay rise for chief executive Sir Martin Sorrell.

Even before the current wave of shareholder activism - dubbed the "shareholder spring" - WPP was forced to rethink the scale of the pay rise for Sorrell, who founded the firm more than 25 years ago. In the autumn, WPP presented a plan to shareholders to hand Sorrell - already on a basic salary of £1m a year - a 50% pay rise but this was scaled back to 30% when the annual report was published last month.

http://www.guardian.co.uk/busin...rrell-pay-row?intcmp=239
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Thiong'o
#17 Posted : Friday, May 11, 2012 1:26:39 PM
Rank: Member

Joined: 10/14/2011
Posts: 661
Companies exist to create wealth for the owners –the shareholders.
Even with companies adopting best codes & guidelines on Good Practices in Corporate Governance, and/or even industry legislating to set indemnities for directors (holding them liable to set limits) as is the case with SACCO’s, -these don’t exist in a vacuum.
Company’s performance and share value addition is the bottom line.
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Thiong'o
#18 Posted : Sunday, May 13, 2012 10:27:29 PM
Rank: Member

Joined: 10/14/2011
Posts: 661
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kyt
#19 Posted : Monday, May 14, 2012 3:30:56 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
@vvs, firestone rise to 35.5 was purely because of speculative activities nothing about fundamentals its fair was abt 12 - 15 bob. that said though, it is now 1/3 of its then value so iko shinda. pan africa je? kengen?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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VituVingiSana
#20 Posted : Monday, May 14, 2012 4:19:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
kyt wrote:
@vvs, firestone rise to 35.5 was purely because of speculative activities nothing about fundamentals its fair was abt 12 - 15 bob. that said though, it is now 1/3 of its then value so iko shinda. pan africa je? kengen?

The Offer for Sale [merali sold his shares] to the unsuspecting public at 35.50
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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