Hertz Under Fire After Huge Executive Bonuses Ahead of Bankruptcy Filing

Health Trackers > Latest News > Hertz Under Fire After Huge Executive Bonuses Ahead of Bankruptcy Filing

Hertz Under Fire After Huge Executive Bonuses Ahead of Bankruptcy Filing

Car rental company Hertz paid out more than $16 million in bonuses to top executives just weeks before filing for bankruptcy. At the time of the bonuses, Hertz had already laid off thousands of employees. So-called “retention bonuses” are designed to maintain senior leadership amid bankruptcy proceedings, but they bring up questions about proper financial management in a fiscal crisis.

Image via Unsplash/Obi Onyeador

Continue to original source.

By clicking submit, I authorize Health Trackers and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.