Consequences if Makate gets R20bn+ Vodacom payday

Jan

Jan

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Their service is already so bad... from what was once the best.

Increase pricing and I am gone...
 
They should pay him upfront all the money. They can stop investing in their own infrastructure for at least 3 years. They can retrench 50% of their staff and make the rest work more and harder. They can take on debt as well to assist with the payment. No problem if they want to increase costs to their customers as well. South Africans will pay them any amount they charge.
 
I don't see him getting the full billion, not if it can cripple the network. He'll probably get a lot less. Vodacon had so many years to make provision for a potential loss like this, pure negligence/arrogance from their side.
 
Just imagine how many tens of millions VC has spend on their laywers and advocates already.
 
rvZA said:
They should pay him upfront all the money. They can stop investing in their own infrastructure for at least 3 years. They can retrench 50% of their staff and make the rest work more and harder. They can take on debt as well to assist with the payment. No problem if they want to increase costs to their customers as well. South Africans will pay them any amount they charge.
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They such useless scumbags, they must pay
 
What a joke. So the customers have to foot the bill for their greed and their attitude of we will beat anyone and crush them? You telling me they didn't provision for this over all these years ? What a joke I really hope this guy gets his billions. Vc need to wind their necks in as well as the rest of corporate SA
 
The mentality that someone who was wronged, fights for their rights but then "Oh no, the company will suffer and so many other employees/people will lose out...." is utter BULLSH*T. Its a trend I've been noticing more and more over the years. If someone was wronged, the guilty party is responsible for everything that results, don't try guilt trip the victim.
 
marine1 said:
What a joke. So the customers have to foot the bill for their greed and their attitude of we will beat anyone and crush them? You telling me they didn't provision for this over all these years ? What a joke I really hope this guy gets his billions. Vc need to wind their necks in as well as the rest of corporate SA
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Well just imagine if in 2008 they had sat down and said, well ok lets pay him a fair amount. Bet if they had offered him 47 million in 2008 there wouldn't be lawyers involved. But they thought, what the heck, he is just a little guy, our lawyers will pummel him. And they lost. And then they used that truly awful calc that anyone just looking at it could see was a joke, and now the court has slapped them down. My understanding is that they actually have no place to appeal to as the constitutional court have already ruled that they are not a court that sets amounts.
 
Kosmik said:
The mentality that someone who was wronged, fights for their rights but then "Oh no, the company will suffer and so many other employees/people will lose out...." is utter BULLSH*T. Its a trend I've been noticing more and more over the years. If someone was wronged, the guilty party is responsible for everything that results, don't try guilt trip the victim.
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This one I very much agree with... yes it will hurt Vodacom without a doubt, but this is a bed THEY made and now have to lie in.
 
This case is the weirdest damn thing ever. Looks like a mess to me and no wonder the lawyers own skyskrapers in Sandton!
1. Vodacom had no business insurance? If they had Vodacom's insurer would be in court. Surely, AKC would have done due diligence against this type of transnational loss. He is one of the best CEOs ever according to articles?
2. A manager can make a commitment that exceeds his knowledge or delegated authority and its binding on the company? A manager can bankrupt a company. Vodacom should sue the manager and make him liable (unless they delegated authority).
3. Egos came in the way at Vodacom and they did not want to admit MTN beat them to the punch. If their please call me was substantially different to MTNs it would constiture a new patent? Vodacom and/or Makate never applied for a patent?
4. The judges appear to be crusaders. Probably been shafted on their own Vodacom bills?
4. Vodacom had poor lawyers or ignored appropriate advice.
5. The corporate governance at Vodacom is immature. Managers made binding decisions. Unless this manager was actually given delegated authority by the board to commit to substantial contracts that constituted a significant portion of company revenue, verbally or via email. Unless the judges have determined this is allowed regardless of any corporate law or policy safeguards?
6. MTN refused their patent rights so how can a 3rd party benefit? Or are patent rights secondary?
7. How much will the cadres eat in tax?
 
Bosvark@ said:
Their service is already so bad... from what was once the best.

Increase pricing and I am gone...
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I agree, this is Prima Facie evidence that because they didn't/wouldn't we the consumers be held for their mistakes and blunders. If that is the case then I am out with their contracts.
 
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