EOH CEO under fire for spending millions on lawyers while firing staff and cutting salaries

[Jan]

EOH CEO under fire for spending millions on lawyers while firing staff and cutting salaries

EOH CEO Stephen van Coller is under fire for spending millions on lawyers and consultants when employees were hit with salary cuts and retrenchments.

This criticism followed news that EOH sued four of its former executives, including founder Asher Bohbot, for R6.4 billion.

EOH said this action "closes off its inherited legacy issues and holds accountable those responsible for the governance failings".

The company said it ensured transparent cooperation with the relevant authorities, including the SIU, Hawks, and the Enquiry into State Capture.

 

[KikzAzz]

Allegations are made by the media that corruption is only highlighted and prosecuted in government and that it is ignored in the private sector. However, when action is taking then that gets criticized as well.

 

[animal531]

Allegations are made by the media that corruption is only highlighted and prosecuted in government and that it is ignored in the private sector. However, when action is taking then that gets criticized as well.

Fighting corruption is good, but not if you're doing it at the expense of the guy on the bottom. As CEO he's sitting pretty, having retrenched so many employees and struggling EOH entities that it seems they're profitable, so he's getting his nice LTIP package.

In a few years he'll move on to another company to "save" leaving EOH much worse off than before.

 

[JustSomeGuy21]

yeah well when your stance on developers are "They're a dime a dozen"...… I'll say it again. Accountants are not the right people to lead tech companies, they hinder development and innovation and only want to save costs....not to mention they don't understand anything really...the guy was "head of analytics" yet I bet a junior engineer will be better equipped with real analytics.

 

[JustSomeGuy21]

Allegations are made by the media that corruption is only highlighted and prosecuted in government and that it is ignored in the private sector. However, when action is taking then that gets criticized as well.

at the expense of employees and when the chance of getting anything back is basically zero?

 

[ConfusedR]

Allegations are made by the media that corruption is only highlighted and prosecuted in government and that it is ignored in the private sector. However, when action is taking then that gets criticized as well.

Corruption is wrong and should never be allowed anywhere...............public or private.

But, atleast, EOH is not running and governing the country, the corruption filled ANC is.

 

[Sapphiron]

yeah well when your stance on developers are "They're a dime a dozen"...… I'll say it again. Accountants are not the right people to lead tech companies, they hinder development and innovation and only want to save costs....not to mention they don't understand anything really...the guy was "head of analytics" yet I bet a junior engineer will be better equipped with real analytics.

So True. Just look at what happened at Intel over the last decade the Accountants have been running it. Compare that to AMD and Nvidia where the engineers are running it.

 

[JustSomeGuy21]

So True. Just look at what happened at Intel over the last decade the Accountants have been running it. Compare that to AMD and Nvidia where the engineers are running it.

They have their place, like every cog in the wheel....but they do not make the best leaders.