Unless the business is restructured differently, most CEO's start lacking ideas and employ survival tactics after 7 years and it because obvious/evident after 10 years. That is what is happening to Naikuni at the moment. He should be leaving KQ now to be Governor of Kajiado.

There are always exceptions. I will counter your examples with ARM, Scangroup & the one that has created more wealth than what the combined 'losses' of Olympia, Access, Uchumi (under kirubi), Sameer/Firestone & Eveready... Equity Bank.

Please note we know matu, kirubi & merali had deals going on. They misused their positions to kill the firms.

Access ended up in a bad spot with the intense competition from Safaricom. Note others like Airtel & Orange have been hammered in data. Even KDN is in trouble. I was told that Zuku/Wananchi is also losing money.

I am not so sure of that anymore. Look at the other directors. One was Eddy Njoroge of KenGen whose performance has not been stellar. What was the IPO price? What is it today?

When I see the (slow) collapse of KDN, it seems that Access' fibre-optic expansion made sense. Of course, AK cannot expand to all cities/towns but there is NOFBI (run by Orange) for that.

Hata hawa watafutwa come what may.

IMHO, any employee who is opposed to the sale at a fair price should be fired. They work there, get a salary and should be thankful to the shareholders who provide the means/capital to finance the business.
When Uchumi collapsed, was it shareholders who pumped in majority of cash to revive it or was it the employees?
When the price of Safaricom fell to 3.50, did the employees take a paycut of 30%?
When KQ is falling, did the employees take a paycut to prop up the airline? NO, instead the management took bonuses, the staff got huge payrises & benefits via atwoli and the shareholders suffered.