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Kenya Airways...why ignore.. end 2025
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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maka wrote:VituVingiSana wrote:maka wrote:https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449
Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
SKIN IN THE GAME "It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh." Naikuni - ZERO shares. Remuneration? 30mn+ Ngunze - ZERO to peanuts. 30mn+ Mikosz - ZERO to peanuts. 60mn+ Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock... https://www.google.com/a...relists-in-huge-ipo/amp/possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,390 Location: Nairobi
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maka wrote:VituVingiSana wrote:maka wrote:https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449
Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
SKIN IN THE GAME "It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh." Naikuni - ZERO shares. Remuneration? 30mn+ Ngunze - ZERO to peanuts. 30mn+ Mikosz - ZERO to peanuts. 60mn+ Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock... Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,351 Location: nairobi
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VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449
Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
SKIN IN THE GAME "It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh." Naikuni - ZERO shares. Remuneration? 30mn+ Ngunze - ZERO to peanuts. 30mn+ Mikosz - ZERO to peanuts. 60mn+ Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock... Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff. A somewhat similar approach didn't stop Ohana from pulling a heist at KK COOP, IMH, KEGN, MTNU
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Rank: Member Joined: 7/1/2009 Posts: 275
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obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449
Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
SKIN IN THE GAME "It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh." Naikuni - ZERO shares. Remuneration? 30mn+ Ngunze - ZERO to peanuts. 30mn+ Mikosz - ZERO to peanuts. 60mn+ Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock... Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff. A somewhat similar approach didn't stop Ohana from pulling a heist at KK Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return.
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Rank: Elder Joined: 6/23/2009 Posts: 14,351 Location: nairobi
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Monk wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449
Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
SKIN IN THE GAME "It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh." Naikuni - ZERO shares. Remuneration? 30mn+ Ngunze - ZERO to peanuts. 30mn+ Mikosz - ZERO to peanuts. 60mn+ Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock... Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff. A somewhat similar approach didn't stop Ohana from pulling a heist at KK Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return. Hehe. I know.. He did well but self interest was at the center of his motivation COOP, IMH, KEGN, MTNU
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Rank: Member Joined: 7/1/2009 Posts: 275
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obiero wrote:Monk wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449
Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
SKIN IN THE GAME "It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh." Naikuni - ZERO shares. Remuneration? 30mn+ Ngunze - ZERO to peanuts. 30mn+ Mikosz - ZERO to peanuts. 60mn+ Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock... Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff. A somewhat similar approach didn't stop Ohana from pulling a heist at KK Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return. Hehe. I know.. He did well but self interest was at the center of his motivation That's exactly the kind of self-interest ESOPs are designed to inspire, where the employees and the firm grow together.
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Rank: Chief Joined: 1/3/2007 Posts: 18,390 Location: Nairobi
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Monk wrote:obiero wrote:Monk wrote:obiero wrote:VituVingiSana wrote:maka wrote:VituVingiSana wrote:maka wrote:https://www.zeebiz.com/companies/news-how-did-spicejet-turn-profitable-in-one-year-1449
Singh even vowed not to take a penny home till SpiceJet made money. In fact, he also got rid of executives who were taking home hefty pay cheques. A move that brought Rs 20-crore savings immediately.
SKIN IN THE GAME "It won't be wrong to credit one person for the job – SpiceJet Promoter and CEO Ajay Singh." Naikuni - ZERO shares. Remuneration? 30mn+ Ngunze - ZERO to peanuts. 30mn+ Mikosz - ZERO to peanuts. 60mn+ Maybe they should reduce their pay and offer them a no of shares every month... Someone like Sebastian should be paid a million bob then the rest paid as KQ stock... Yes! Deferred Shares so they don't manipulate numbers just to cash out immediately. The share remuneration should be extended to the board, senior employees and even other staff. A somewhat similar approach didn't stop Ohana from pulling a heist at KK Sometimes it's hard to tell when you are just pressing @VVS button, and when you are being serious. Whatever you say about Ohana, he proved himself and gave shareholders a decent return. Hehe. I know.. He did well but self interest was at the center of his motivation That's exactly the kind of self-interest ESOPs are designed to inspire, where the employees and the firm grow together. Whereas I did not fully endorse the "Share Option" scheme that KK gave Ohana, it did work. @Monk - Frankly, the green is key and thanks to KK my 2018 performance was positive despite a 100% loss in ARM and paper losses in some counters. All that said, I look to "performance" of the firms not the share price. To paraphrase Warren Buffett: The stock market is not a sprint but a marathon. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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The government has written off a Sh24.2 billion loan advanced to struggling Kenya Airways in the latest move to keep the national flag carrier in the skies. In budget documents presented in Parliament this week, the Treasury revealed that the loan was part of Sh27.2 billion worth of dormant loans that the Cabinet authorised to be written off. Kenya Airways, which made another loss of Sh7.5 billion last year, had not made any attempt to repay the loan and it remained outstanding as at June 30, 2018. This made it the biggest recipient of write offs. The government, which is the biggest shareholder in the airline, has been pumping money into KQ in an attempt to resuscitate it and pull it out of the red. But the airline has remained in the loss making territory for the last five years. possunt quia posse videntur
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale
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maka wrote: The government has written off a Sh24.2 billion loan advanced to struggling Kenya Airways in the latest move to keep the national flag carrier in the skies.
In budget documents presented in Parliament this week, the Treasury revealed that the loan was part of Sh27.2 billion worth of dormant loans that the Cabinet authorised to be written off.
Kenya Airways, which made another loss of Sh7.5 billion last year, had not made any attempt to repay the loan and it remained outstanding as at June 30, 2018. This made it the biggest recipient of write offs.
The government, which is the biggest shareholder in the airline, has been pumping money into KQ in an attempt to resuscitate it and pull it out of the red. But the airline has remained in the loss making territory for the last five years.
if the management will not take other huge credit facilities in the next 6 months,this will immediately return kenya airways into positive equity.This means GOK is determined to return KQ into profitability. Towards the goal of financial freedom
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