[ad_1]
As you can see, the dividend of 0.30 shillings per share was one of the lowest in the power generation company’s history. Fifteen years ago, the dividend was 0.90 shillings per share. Since then, the share price has fallen sharply, plummeting to 0.20 shillings per share in 2022.
KenGen is 70% owned by the government and its value on the stock market has declined. Over the past five years, the company’s market capitalization has decreased by 65.5%. The company has also been consistently flagged by the Auditor General for misuse and waste of funds (Kefa Muiruri, “NSE investors lose Sh164 billion in state-owned enterprises”, Business Daily, 2023) (see February 6).
Maybe I’m wandering too far away. The purpose of this article is not to evaluate KenGen’s performance in the stock market. That’s because it shows how the media uses clickbait headlines and clichés that can be misleading and misinforming.
Clickbait headlines are typically exaggerated or sensational, promising readers more than what the article says. The Nation.Africa headline last Friday, “KenGen shareholders laughing all the way to the bank,” gives the impression that KenGen shareholders were easily, and perhaps unjustly, making huge profits.
In journalism, a cliché is a phrase that is used so often that it has lost its original meaning, specificity, and freshness. In my article, “New Year’s Resolution for Editors: Stop using the ‘crying all the way to the bank’ cliché” (Daily Nation, January 1, 2021), I found out that sometimes clichés are acceptable, and sometimes they are avoided. He argued that there are cases where it is not possible. But the Nation.Africa headline is unacceptable and unavoidable. It’s lazy journalism.
According to various dictionary meanings, laughing all the way to the bank means making a lot of money easily, without much effort, unfairly, at the expense of others, or by cheating. To do. It also means being unashamedly happy to make a lot of money doing things that others think are stupid. It’s like saying you won the lottery or got an unfair advantage.
Even as an idiom, “keep smiling all the way to the bank” feels a little strange. I’ve never seen a banker laugh about his money. And these days, thanks to digital banking, people no longer need to go to the bank for transactions.
The problem in journalism is that expressions are overused and originality is lost. There are over 250 stories nation Even the headline uses that cliché. Sometimes, in stories, it is expressed as a “smile” instead of “laughter.”
In some cases, the cliché is justified. Examples: “Corruption scandals involving Kenyan government officials are so rampant that one ‘tempreneur’ laughs all the way to the bank.” “He sells a lease from Egypt to a vulture and flies off to Johannesburg, laughing the entire time.” Bank’ and ‘There’s a real reason why the ghost of Anglo Leith smiles all the way to the bank’.
This cliché was popularized by American entertainer Valentino Liberace in 1959. daily mirror, of London, who published an article suggesting he was gay.Homosexual sex was illegal in England at the time.
According to the article, Liberace was awarded £8,000 in damages, which equates to more than half a million pounds at current exchange rates. guardian. This was the largest libel award in the history of British law. “I cried all the way to the bank,” Liberace joked after receiving the award in court. He later popularized this as “I laughed all the way to the bank.” Hence, “laugh all the way to the bank.”
It is said that Liberace was actually homosexual. He died in 1987 at the age of 67 from an AIDS-related illness.
I have since established that Watchman did indeed respond through my personal email, but it slipped through the cracks. Wacky, I’m sorry! See Watchman’s answer to today’s question.readers have opinions” Column.
The Public Editor is an independent news ombudsman that handles complaints from readers about editorial issues, including accuracy and journalistic standards. Email: [email protected]. Call or text 0721989264.
[ad_2]
Source link
