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Centum's Mworia is highest paid CEO
Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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bird_man wrote:RichVee wrote:VituVingiSana wrote:Jon Jones wrote:Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case. Didn't Mworia use that money to buy Centum shares? http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders." The figures match. It helps when the CEO invests in the company. I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me.
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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researchfirst wrote:bird_man wrote:RichVee wrote:VituVingiSana wrote:Jon Jones wrote:Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case. Didn't Mworia use that money to buy Centum shares? http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders." The figures match. It helps when the CEO invests in the company. I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. seems it would have made more sense for shareholder interests if he was awarded bonuses in form of shares and that cash could have been used to generate wealth if it were still in the company KEGN, KPLC, KQ, SCOM
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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mkate_nusu wrote:researchfirst wrote:bird_man wrote:RichVee wrote:VituVingiSana wrote:Jon Jones wrote:Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case. Didn't Mworia use that money to buy Centum shares? http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders." The figures match. It helps when the CEO invests in the company. I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. seems it would have made more sense for shareholder interests if he was awarded bonuses in form of shares and that cash could have been used to generate wealth if it were still in the company It would not be beneficial from a shareholder's perspective. As it stands, he is buying shares on the open market. If he were receiving shares as a bonus instead, the company would have to create new shares, thereby diluting the holdings of existing shareholders. It would essentially be a bonus issue that ordinary shareholders couldn't participate in. As for alignment, if you look at the annual report, the bonuses are tied to continued wealth creation and partially deferred. If they don't continue to perform, they don't get some of their money. I don't have a problem with the structure.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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There is nothing extra ordinary James Mworia has done. I'm sure some Wazuans if given the job would have done much better and rewarded shareholders handsomely. As someone said what is being done is transferring money from one side to another with creative and fake accounting being done on the books. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/1/2009 Posts: 1,883
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RichVee wrote:Angelica _ann wrote:Shak wrote:This must be a very painful read for an Mpig  Let the youngman eat to create the our generation billionaires soon. You should see his personal projects!!! Angelica...tuambie, what are some of his personal projects? follow 'his friend' (him of the range rover fame) on facebook and you shall see photos of one of them - maya or something.
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Rank: Member Joined: 10/19/2009 Posts: 671 Location: Nairobi
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mkenyan wrote:RichVee wrote:Angelica _ann wrote:Shak wrote:This must be a very painful read for an Mpig Let the youngman eat to create the our generation billionaires soon. You should see his personal projects!!! Angelica...tuambie, what are some of his personal projects? follow 'his friend' (him of the range rover fame) on facebook and you shall see photos of one of them - maya or something. https://twitter.com/mwor...atus/716909114094456832
Life is joy, death is peace, but the transition is very difficult.
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Ericsson wrote:There is nothing extra ordinary James Mworia has done.
I'm sure some Wazuans if given the job would have done much better and rewarded shareholders handsomely.
As someone said what is being done is transferring money from one side to another with creative and fake accounting being done on the books. As much its agreed that employees should be motivated and rewarded, this one is pure greed "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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Ericsson wrote:There is nothing extra ordinary James Mworia has done.
I'm sure some Wazuans if given the job would have done much better and rewarded shareholders handsomely.
As someone said what is being done is transferring money from one side to another with creative and fake accounting being done on the books. Success is for the smart and lucky not necessarily the best(Chinua Achebe) Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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researchfirst wrote:bird_man wrote:RichVee wrote:VituVingiSana wrote:Jon Jones wrote:Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case. Didn't Mworia use that money to buy Centum shares? http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders." The figures match. It helps when the CEO invests in the company. I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. Pay OBESE bonuses and NIL dividends Nil Dividend = Suffocated share price Buy on the cheap with the bonus + add "I'm also taking a hit" lie Own bigger and bigger share of the company Start paying (fat) dividends, offer bonus shares, pump FLIP Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 9/9/2015 Posts: 233
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@Pesa8 u nailed it "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Pesa Nane wrote:researchfirst wrote:bird_man wrote:RichVee wrote:VituVingiSana wrote:Jon Jones wrote:Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case. Didn't Mworia use that money to buy Centum shares? http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders." The figures match. It helps when the CEO invests in the company. I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. Pay OBESE bonuses and NIL dividends Nil Dividend = Suffocated share price Buy on the cheap with the bonus + add "I'm also taking a hit" lie Own bigger and bigger share of the company Start paying (fat) dividends, offer bonus shares, pump FLIP Genius!
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Pesa Nane wrote:researchfirst wrote:bird_man wrote:RichVee wrote:VituVingiSana wrote:Jon Jones wrote:Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case. Didn't Mworia use that money to buy Centum shares? http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders." The figures match. It helps when the CEO invests in the company. I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. Pay OBESE bonuses and NIL dividends Nil Dividend = Suffocated share price Buy on the cheap with the bonus + add "I'm also taking a hit" lie Own bigger and bigger share of the company Start paying (fat) dividends, offer bonus shares, pump FLIP Bow down to you 8c. Umegusa gspot . It's true
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Na mtu anacum Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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enyands wrote:Pesa Nane wrote:researchfirst wrote:bird_man wrote:RichVee wrote:VituVingiSana wrote:Jon Jones wrote:Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case. Didn't Mworia use that money to buy Centum shares? http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders." The figures match. It helps when the CEO invests in the company. I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. Pay OBESE bonuses and NIL dividends Nil Dividend = Suffocated share price Buy on the cheap with the bonus + add "I'm also taking a hit" lie Own bigger and bigger share of the company Start paying (fat) dividends, offer bonus shares, pump FLIP Bow down to you 8c. Umegusa gspot . It's true 8/8 The only shareholders interests he is aligned with are his own shareholder interests. A firm that perform these clever acrobatics that seem so genius and innovative. Is normally headed down a slippery path. Shareholders be warned. Don't be caught dancing when the music stops The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Aguytrying wrote:enyands wrote:Pesa Nane wrote:researchfirst wrote:bird_man wrote:RichVee wrote:VituVingiSana wrote:Jon Jones wrote:Mworia is an apprentice corporate mercenary, learning from the legendary Chris Kirubi. When they are done with Centum, there will be nothing left to salvage. Why doesn't Mworia and other employees get paid in shares? What do they know that would make them not receive their bonuses in shares? Why would a company pay out over 1 billion in salaries and bonuses and pay just 665 million in 8 years in dividends? It is obvious that employees are gaining more than shareholders which should never be the case. Didn't Mworia use that money to buy Centum shares? http://www.businessdaily...4/-/fkv6cp/-/index.html
"Centum’s chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders." The figures match. It helps when the CEO invests in the company. I would want to believe that at his age, he falls into the category of leaders who would want to leave a legacy of a successful organisation... His shares now worth about 187M (4M*43sh). So what happens when you con guys off 1B?Plus he could easily exit.The books don't make sense!They live off revaluation gains! His shares are now worth Sh231.6 million and he says he spent a cumulative Sh315 million of his bonus payments over the years on buying the firm's stock. See http://www.businessdaily...em-0-2q12v2/index.html. That is not an easy position to unload. His interests and the shareholders' seem aligned to me. Pay OBESE bonuses and NIL dividends Nil Dividend = Suffocated share price Buy on the cheap with the bonus + add "I'm also taking a hit" lie Own bigger and bigger share of the company Start paying (fat) dividends, offer bonus shares, pump FLIP Bow down to you 8c. Umegusa gspot . It's true 8/8 The only shareholders interests he is aligned with are his own shareholder interests. A firm that perform these clever acrobatics that seem so genius and innovative. Is normally headed down a slippery path. Shareholders be warned. Don't be caught dancing when the music stops I agree with you 100%. The employees eating the top cream while shareholders bear the risk. Life is short. Live passionately.
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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"Thank you HE@ UKenyatta for affording me the opportunity to serve as Chancellor of Machakos University. I am truly honoured." Says Mworia https://twitter.com/Mwor...tatus/784384898454945792
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Such appointment does not add value to Centum stock. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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Spikes wrote:Such appointment does not add value to Centum stock. Agreed! CEOs should be 100% dedicated to one firm. Naikuni was on so many boards while KQ was being ripped off. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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VituVingiSana wrote:Spikes wrote:Such appointment does not add value to Centum stock. Agreed! CEOs should be 100% dedicated to one firm. Naikuni was on so many boards while he was ripping off KQ. If Obiero did it, Who Am I?
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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Spikes wrote:Such appointment does not add value to Centum stock. I am sorry to say it, but Wazuans are stupid. What country do you live in? I live in Kenya. How many have gotten rich as an enemy of Government? How many have gotten rich as a friend of Government? Who will win next year (regardless of who you want)? Who is a friend of those who will win and which company is he fronting? Read the tea leaves, regardless of your scruples. We aren't here for moral principles. We are here to make money. Wish it was otherwise, but it is not.
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Centum's Mworia is highest paid CEO
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