Wolé Olúyemí Profile picture
Sep 23, 2020 11 tweets 5 min read Read on X
Janet (name disguised), one of my mentees, was sacked last week with practically zero notice period. I was angry.

I read her employment letter when she got the job and I thought I knew the content.

I didn't realize she went back to renegotiate one of the clauses.

#Thread #WO
Apparently, she went back to negotiate the termination clause.

The company had a policy that termination or resignation required 4-weeks notice with no payment-in-lieu.

She didn't like it. It limits her flexibility to switch to a new job if such an opportunity comes.
They agreed to give her a waiver because they desperately needed her.

The company now agreed to amend the clause to say that both parties could terminate the employment contract with one week notice or payment in lieu. The updated employment letter was signed.
She was happy. She got what she wanted. She thanked one of her mentors and motivational speaker who she listens to regularly. He had encouraged people to ask for what they want. She did and she got it.
Fast forward to 8 months later. Business has been very bad and her division has not been meeting their targets. The BOD met and asked the MD to reorganize and rightsize the various divisions.
Yes - she was the first on the list. They gave her the August salary plus one week salary in lieu of notice.

She was angry and hurt.
She had thought the amendment that was made (and she signed) was only for her to be able to resign with the 1 week notice. She thought the company would still be required to give her 4 weeks notice.
Unfortunately, in the spirit of fairness and equity, unless specifically structured differently, exit and termination clauses are usually structured to treat both parties equally.

What is good for the goose should be good for the gander.
So, technically, the game was over.

But, I don't give up on my community members (even though we've never met before). I decided to chat with one of my friends on the BOD of that company.

The response was heart breaking.
My mentee (I can't disown her) was actually leading a group of junior employees to demand a salary increase during the peak of the pandemic in May/June despite knowing that the company struggled to pay the FULL salaries of all employees with ZERO revenue.
The game is over.

She just lacked emotional intelligence although she is very smart, brilliant and technically strong. Believe me, she is a great person.

Learn from Janet's experience and consciously work on your emotional intelligence. She is working on it too.

#WO

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More from @WoleOluyemiCo

Nov 7, 2020
On education, the FGN needs to grant full autonomy to the schools, issue clear KPIs (admission, teaching, research, infrastructure quality, graduates’ placement rates), and then regulate.

Let me attempt to answer @ItsChristy__ ‘s question 😁

#Thread #EducationReform #education
First, let’s be clear - I won’t disagree with @ItsChristy__ on government’s inefficiency and pervasive corruption.

My position is that we can’t continue to do the same thing over and over, and expect a different result. That’s insanity!

#EducationReforms #WO
We need a drastic reform in our educational sector.

The Universities governing councils should run the schools. Let them be autonomous and self funding.

#EducationReforms #WO
Read 15 tweets
Sep 21, 2020
The session by #CFAANigeria is on. Don’t miss it.

Pastor Femi Atoyebi is on. The way he is dissecting issues, SAN title just dey hungry me.
True.

Jesus could have said “Do you know who I am”? when he was asked about taxes. - Pastor Femi Atoyebi on submission to authourity.
Accountability is all what Part F of CAMA2020 is all about - Pastor Femi Atoyebi.
Read 28 tweets
Sep 18, 2020
I remember one “smart” guy who got a $4K per month job in CA and was so excited that they processed work visa for him.

I told him the salary would make him worse than the N500K he was earning in Lagos. He thought I was stupid.

It didn’t take long before he realized.

#Thread
How will $4k ($4,000 x N420 = N1,680,000) not be better than 500k in Lagos?
He suddenly realized that accommodation around San Francisco was about $3k per month and he didn’t have anyone to stay with.

Cheapest mattress he got was about $250.

Gas & Electric - $200/month

Water - $150/month

1 drumstick of chicken 🍗 - $1.
Read 5 tweets
Sep 12, 2020
Thanks Prof @yomitheprof for this article. While your conclusions are not aligned with my views on this topic, I believe that most of the arguments are logical and fair.

I believe that some of the issues raised should drive the discussion for the first amendment to #CAMA2020 😁
My view points are already shared in this article here - businessday.ng/opinion/articl…
Yomi’s article is actually the best non pro-CAMA article that I have seen - it came with strong logic that is devoid of unnecessary emotions and sentiments.

Let me just share my thoughts on some of the issues raised.
Read 10 tweets
Sep 11, 2020
Agriculture (note that I didn’t say farming) is a good business.

There are so many parts of the agrifood value chain.

Yes, people are making millions. But, many are making losses.

It depends on where and how you are playing out your strategy.
I don’t believe that Nigeria is underproducing - especially for most of our food products (crops and livestock’s).

For me, the challenge is from the harvesting stage and from the farmgate.
I won’t invest a $1 in any Nigerian business in the pre-harvest stage of the value chain (as of today). That’s me - as of today.

For those that have sent their investments decks to me for businesses in that part of the value chain, the answer has been an emphatic NO.
Read 6 tweets
Sep 11, 2020
I have gotten a few messages assuming that I was part of the @officialNESG team that developed the 15-paragraph publication on the matters that require urgent attention.

While I fully endorse ALL the points raised in that publication, I am not a member of NESG.
Apparently because of my comments on social media and in 3 online events during the week, some of my friends believed that I was too sympathetic to the @officialNESG publication and that I must have been part of it.

Technically, they have classified me as a #Wailing Nigerians🤣
I love NESG’s objectives and I have
made three UNSUCCESSFUL attempts in the past to join @officialNESG but they have other priorities.

MAYBE they prefer people with titles like MD/GCEO as prospective members.🤣🤣🤣.
Read 9 tweets

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