WPP Scangroup's AGM turned into a battle between founder Bharat Thakrar and majority shareholder WPP Plc over the future of the company.
Here's what happened in the thread below:
WPPScangroup AGM just ended. 🚨High darama AGM!
-The best AGM I have ever attended.
-Tense at the beginning but great management by Chair Richard Omwela.
-Presentation by
@bharatthakrar
was for goosebumps.
-Bharat was allowed to do presentation un-interupted for 30+minutes. What a show. Total deference by the board
-Total failure by WPP representatives to attend is disrepectful to local shareholders
-3 Directors proposed for election by WPP also did not show up to be introduced. WTF.
-Secret revelation by Bharat Thakrar. WPP have given him a poison pill[ If you want your company back, pay us 56% of cash held. 56% of 2b= 1.2b]
Read about it all on my substack - link in bio
Kenya has approved a US plan to set up an Ebola quarantine facility in Laikipia for Americans exposed to the virus in DR Congo.
The facility will start operations on Friday.
Now here are more details about the deal in the thread below:
The appointing authority knew that she was not qualified but proceeded to appoint her. Today the appointing authority has appointed a 62 years old for an office with a retirement age of 60 years. The Government of Republic of Kenya is a law breaker.
Kenya’s Court of Appeal has ordered the government to release SGR loan documents linked to the Sh600 billion railway project.
The court said the documents cannot remain secret and must be made public.