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Bankrupt Hertz seeks $5.4M in executive bonuses

Bankrupt Hertz seeks $5.4M in executive bonuses

Bankrupt car rental company Hertz is seeking to dole out $14.6M more in bonuses. Just a few months earlier, the company shelled out $16.2M in extra pay meant to keep executives from leaving as the coronavirus pandemic impacted the travel industry. The company filed for Chapter 11 bankruptcy in May. The new proposal seeks as much as $5.4M to be shared by CEO and 13 other top managers.

Fareem
Fareem
GreenMachine
GreenMachine 4 weeks

How about you use it for severance packages for the normal employees who are losing their jobs? You don’t get to let a company die and then raid its corpse.

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