last Saturday, and the company's board of directors named Paul Stone, who previously served as the company's executive vice president and chief retail operations officer for North America, to step in for Marinello.
Hertz, whose parent company, Hertz Global Holdings Inc., also owns rental brands Dollar and Thrifty, had said in ain April that it was considering seeking bankruptcy protections after it "did not make certain payments" on its operating lease. Hertz said it "could be materially and negatively impacted" if discussions with lenders to reduce those payments weren't fruitful by the first week of May.
Hertz's stock dropped by as much as 50% in after-hours trading following the The Wall Street Journal's initial report that the company would file for bankruptcy on Friday night.
Upadek giganta. A co mzją powiedzieć mali i średni przedsiębiorcy w Polsce?
Any insights on who will go down with it? Which banks / institutions are knee-deep into debt. Would be good to know where it Hurtz. Terrible to see a company go bust that has more than 100 years of history....
Sometimes your business can fail without doing anything wrong
They were the least competitive in their industry, so no surprise and no big loss to consumers.
Dude it was two fucking months... how could they. Millions survived high house rent without a steady income.
Good, paying 85 bucks a day, plus mileage an if course fuel, is outrageous. I can believe how expensive they got before covid.
It 'Hertz' to see this 😭
Someone will buy Hertz, maybe DollarCars will for $1 a share 👊🏻
Damn, another one falls to the curse of the avocado toast habit.
Lol ahhhh hah that’s what you get for that punk ass smoking fee lol
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