Safaricom management salaries

[Cortedivoire]

Peter Ndegwa, the chief executive officer at Safaricom, was paid KSh 201.5 million in his first full year as Safaricom boss including a KSh 90 million bonus.

Michael Joseph received a bonus of KSh 127.5 million and was also paid KSh 6.3 million for his position as chairman and non-executive director.
Joseph is entitled to a sitting allowance of KSh 85,000 per session.

Non-executive directors are paid KSh 2.2 million annually. They take home a sitting allowance of KSh 60,000 per meeting while a person chairing a board committee in the absence of the chairperson earns KSh 74,150 per session.

 

[Anglututu]

They are enjoying themselves then paying us dividends small small.

 

[The.Black.Templar]

Michael Joseph has to fly from Nanyuki, park is airplane at wilson and drive to safaricom whenever a meeting is called...85k ata haitoshi

 

[shocks]

Michael Joseph has to fly from Nanyuki, park is airplane at wilson and drive to safaricom whenever a meeting is called...85k ata haitoshi

jamaa aliingia fully into the kaburu lifestyle

 

[Aviator]

Joseph received a bonus of KSh 127.5 million and was also paid KSh 6.3 million for his position as chairman and non-executive director.
Joseph is entitled to a sitting allowance of KSh 85,000 per session.

6.3m/85k=74.
Means he chaired 74 sittings.
That's almost two sittings per week of you count those chaired by someone else in his absence.
The safaricom board is really working hard.

 

[Cortedivoire]

Michael Joseph has to fly from Nanyuki, park is airplane at wilson and drive to safaricom whenever a meeting is called...85k ata haitoshi

Remember yeye ni KQ chairman bado. I don't think he fuels the plane, pays for the hanger, and most probably he gets a pilot for free and can land at JKIA as he wishes

 

[Cortedivoire]

6.3m/85k=74.
Means he chaired 74 sittings.
That's almost two sittings per week of you count those chaired by someone else in his absence.
The safaricom board is really working hard.

6.3m is the annual salary
127m is the performance allowance
85k is the sitting allowance.

 

[It's Me Scumbag]

6.3m is the annual salary
127m is the performance allowance
85k is the sitting allowance.

Do those numbers include other none cash remunerations like medical,insurance and the like?

 

[zapp_brannigan]

Michael Joseph has to fly from Nanyuki, park is airplane at wilson and drive to safaricom whenever a meeting is called...85k ata haitoshi

Anaishi huko Lewa Conservancy in one of the many "hills" .

 

[The.Black.Templar]

Anaishi huko Lewa Conservancy in one of the many "hills" .

Pesa ni mob