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CMC MOTORS Boardroom Wars
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hisah
#281 Posted : Friday, February 01, 2013 7:11:26 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
http://www.businessdaily.../-/s8dhk9z/-/index.html

New CMC external auditor (Ernst & Young) raises queries over accounts. Deloitte quit in early 2012 & the new auditor came in several months later. CMC recently reported profits for 2012...

This will be one long murky saga. Will the former auditor be thrown under the bus as the drama becomes to hot to handle 'Enron style'?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dunkang
#282 Posted : Friday, February 01, 2013 8:49:58 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
If memory serves me right, CMC won't be selling JLR products starting this month.

Question. What will CMC be selling to maintain thing 'profit'?
Question. Was 'profits' announced attributable to sale of cars, or selling of unknown subsidiaries, or recovery of hidden money, or all of the above?
Receive with simplicity everything that happens to you.” ― Rashi

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FUNKY
#283 Posted : Friday, February 01, 2013 12:15:30 PM
Rank: Veteran


Joined: 4/30/2010
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maka
#284 Posted : Friday, February 01, 2013 1:57:43 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
[quote=FUNKY]More competition for CMC

http://www.businessdaily...-/11fj1mrz/-/index.html[/quote]
... is this the sudden death of CMC.
possunt quia posse videntur
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youcan'tstopusnow
#285 Posted : Thursday, February 07, 2013 9:47:09 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
KTN says Bill Lay has retired. Gone on leave pending retirement
GOD BLESS YOUR LIFE
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muganda
#286 Posted : Thursday, February 07, 2013 10:00:06 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905


Goshh...! There is a very profound lesson here. It does not come to me just now; the battle has claimed a key protagonist.
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hisah
#287 Posted : Friday, February 08, 2013 4:09:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
This thing stinks. Radio active with a long half life to boot!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#288 Posted : Friday, February 08, 2013 4:21:34 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
muganda wrote:


Goshh...! There is a very profound lesson here. It does not come to me just now; the battle has claimed a key protagonist.



When they started loosing out franchises...the heavyweights had to sit and decide...what brings them together and what drives them apart...well, its now obvious
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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FUNKY
#289 Posted : Friday, February 08, 2013 8:27:29 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
http://www.businessdaily...2/-/ym0r3m/-/index.html

It must have been a condition from JLR if they wanted to save their landrover dealership
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madollar
#290 Posted : Friday, February 08, 2013 9:52:41 AM
Rank: Veteran


Joined: 11/17/2009
Posts: 2,038
Location: GA
FUNKY wrote:
http://www.businessdailyafrica.com/Corporate-News/-/539550/1688212/-/ym0r3m/-/index.html

It must have been a condition from JLR if they wanted to save their landrover dealership

Every business has its secrets look at RMS bet the ordinary mwananchi never knew they were operating on illegal frequencies.Bill just could not shut it
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streetwise
#291 Posted : Friday, February 08, 2013 10:08:17 AM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
In war strategies it said...know your opponend and dont pick a fight with the wrong guy.
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youcan'tstopusnow
#292 Posted : Friday, February 08, 2013 11:33:06 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
streetwise wrote:
In war strategies it said...know your opponend and dont pick a fight with the wrong guy.

I wonder where Muthoka is in all this. Is he the winner?
GOD BLESS YOUR LIFE
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FundamentAli
#293 Posted : Friday, February 08, 2013 12:10:06 PM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
Word has it that Bill Lay never used to work. His PR was zero. His confrontational style was behind JLR pullout. The shareholders are in a panic mode. Expect more changes.
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essyk
#294 Posted : Saturday, February 09, 2013 10:08:31 AM
Rank: Elder


Joined: 11/15/2011
Posts: 4,518
He had to.
"The true measure of a man is how he treats someone who can do him absolutely no good.
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kryptonite
#295 Posted : Thursday, February 28, 2013 10:37:51 AM
Rank: Member


Joined: 2/1/2010
Posts: 272
Location: Nairobi
Light at the end of this tunnel...

http://www.businessdaily...8/-/ww2eynz/-/index.html
The harder you work, the luckier you get
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FUNKY
#296 Posted : Monday, March 18, 2013 3:25:58 PM
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Joined: 4/30/2010
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FUNKY
#297 Posted : Tuesday, March 19, 2013 10:30:29 PM
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hisah
#298 Posted : Wednesday, March 20, 2013 7:18:08 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
As a reminder, 95% of serious enterprise corruption ends up in bankruptcy...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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timuka
#299 Posted : Wednesday, March 20, 2013 7:28:22 AM
Rank: Member


Joined: 1/21/2013
Posts: 427
[quote=FUNKY]Game Over!!

http://www.businessdaily.../-/102bm0y/-/index.html[/quote]
Devastating news. What a rainy morning for CMC
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FUNKY
#300 Posted : Wednesday, March 20, 2013 9:09:27 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Wondering who or what can save the company from collapsing now!
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