Lawyer Peter Wanyama has advised wealthy Standard Media Group shareholders to sell their multi-million properties and invest the money into the company.
Wanyama wondered how the company employees could go 11 months without salaries while its major shareholders were billionaires.
The lawyer said they could also sell the company to strategic investors for a fresh injection of capital.
“The major shareholders of Standard Media Group should sell their multi-billion properties and inject fresh capital into Standard Media Group. How can employees go unpaid for 11 months, yet shareholders are billionaires? What happened to corporate empathy? Isn’t this what Karl Max complained bout? Alternatively, they should sell the company to strategic investors !! They must pay all salaries immediately.” Wanyama said.
The Standard Media Group has released a statement after a viral video on social media showed one of its employees threatening to harm himself over salary delays.
In the video, the employee identified as Zanji Mukenya, speaking from Standard’s headquarters on Mombasa Road, demanded to be paid his money.
“Hopefully you guys see this when I’m still alive. I’m leaving here with my money or with my life in their hands,” Zanji said.
Standard Media Group said it was concerned about the video and the employee’s situation.
The media company said it was doing its best to address the situation amid a difficult financial position.
