Categories: Stories

Who really wants Mugabe to hang on?

On a recent visit to Tanzania a colleague in the media asked me whether President Robert Mugabe was really standing for office again. I said he was because the party had chosen him.

He said that Tanzania founding President Julius Nyerere confessed when he stepped down after 24 years at the helm of his country first as Prime Minister and then President (just like Mugabe) to give way to Ali Hassan Mwinyi, that throughout his 24 years in office he had been assured by his lieutenants that he should stay because the people loved him.

Nyerere said that after he left office, he realised that it was not the people per se that wanted him to remain in office, but his lieutenants because his continued stay ensured that they could continue to loot the country.

My Tanzanian media colleague asked, could this not be the same reason why people want Mugabe to hang  on, namely that his continued stay can protect their loot?

I felt there was an element of truth in that. Opposition leader Tendai Biti once said, ZANU-PF was abusing Mugabe because at 94 he really deserves a rest. But others would disagree arguing that wisdom comes with age.

Jeffrey Sonnenfeld, who has been studying company chief executives and what makes some stay longer and others to quit, came up with something I thought could explain the Zimbabwe situation.

He says Americans decided to have the United States CEO serve only two terms of eight years after Franklin Delano Roosevelt’s four terms led some to worry about the risk of an imperial CEO.

Zimbabwe agreed to a two-term limit but said it would not apply retrospectively for Mugabe.

Sonnenfeld says that although the average CEO in the United States serves only five years, there are some who have been at the helm of their companies for more than 60 years and the companies are doing extremely well.

Rupert Murdoch and Warren Buffett are typical examples. Buffett, who has managed an average 22 percent annualized growth has a clear succession plan, while Murdoch when asked by Buffett what his succession plan was responded that he was in no hurry to go anywhere because his mother, who was 98 then, was still active and intellectually sharp.

Continued next page

(1015 VIEWS)

This post was last modified on %s = human-readable time difference 10:15 pm

Page: 1 2 3

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024