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Hertz Files For Bankruptcy After 16,000 Employees Were Let Go And CEO Made Over $9 Million

Discussion in 'Off-Topic Discussion' started by T-Rex266, May 26, 2020.

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  1. May 26, 2020 at 10:53 AM
    #31
    texasrho83

    texasrho83 DGAF#1

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    Hmmm. It's time to get this one back...
     
  2. May 26, 2020 at 11:00 AM
    #32
    Rex Kramer

    Rex Kramer Vinyl Spinner

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    That ship has sailed... I've seen her on TV and on the cover of magazines, but I haven't seen her in person for over 40 years.
     
    texasrho83[QUOTED] likes this.
  3. May 26, 2020 at 11:03 AM
    #33
    texasrho83

    texasrho83 DGAF#1

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    Do you sometimes think, "Man...WTF was I thinkin?"
     
  4. May 26, 2020 at 11:04 AM
    #34
    Rex Kramer

    Rex Kramer Vinyl Spinner

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    I was a teenager, so chances are good that I wasn't thinking.
     
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  5. May 26, 2020 at 11:04 AM
    #35
    texasrho83

    texasrho83 DGAF#1

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    Well you were thinking but quite possibly with the lower part of your anatomy.
     
  6. May 26, 2020 at 11:05 AM
    #36
    T-Rex266

    T-Rex266 [OP] Elon approved Staff Member

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    You were a teenager, and had a gf making that much?

    #courgarclub
     
  7. May 26, 2020 at 11:06 AM
    #37
    T-Rex266

    T-Rex266 [OP] Elon approved Staff Member

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    Who is this mysterious ex?
     
  8. May 26, 2020 at 11:06 AM
    #38
    texasrho83

    texasrho83 DGAF#1

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    Asking for a friend?
     
  9. May 26, 2020 at 11:07 AM
    #39
    Rex Kramer

    Rex Kramer Vinyl Spinner

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    No, she worked her way up to that over the decades after college and didn't start earning the big bucks until 2000 or so.
     
    Last edited: May 26, 2020
  10. May 26, 2020 at 11:08 AM
    #40
    texasrho83

    texasrho83 DGAF#1

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    And I thought my ass had ex gf bragging rights because I got a truck out of it
     
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  11. May 26, 2020 at 11:08 AM
    #41
    Rex Kramer

    Rex Kramer Vinyl Spinner

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    Last name: Ahrendts
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  12. May 26, 2020 at 11:11 AM
    #42
    BuckWallace

    BuckWallace Ball don't lie.

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    They are paid high salaries, but they also have incentives built in, like bonuses for certain FG%, making playoffs, etc. It's like paying those bonuses out regardless of actually accomplishing those things.
     
  13. May 26, 2020 at 11:15 AM
    #43
    Cpl_Punishment

    Cpl_Punishment Young men never die.

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    So are other rental car companies going to follow suit or is Hertz the outlier?
     
  14. May 26, 2020 at 11:33 AM
    #44
    texasrho83

    texasrho83 DGAF#1

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    :thumbsup:
     
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  15. May 26, 2020 at 11:42 AM
    #45
    TruckyTruck

    TruckyTruck Dumbest Username

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    Go big or go home!
     
  16. May 26, 2020 at 11:59 AM
    #46
    Black@Blue19

    Black@Blue19 Old Salt

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    To much to list:)
    Many a time has big companies went under and took all their employees retirement!!! But for some reason the CEO seems to get theirs!!!!
     
  17. May 26, 2020 at 12:00 PM
    #47
    Black@Blue19

    Black@Blue19 Old Salt

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    To much to list:)
    This one done such a good job she ran it into the ground!!!!!:) Contracts Schmontracts!!! It’s all BS!!!

    And with that I’m out before It gets any more ridiculous!!!!
     
  18. May 26, 2020 at 12:01 PM
    #48
    theBIGnaud

    theBIGnaud New Member

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    Wow! now I’m being censored on this site too? Later fuckers.
     
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  19. May 26, 2020 at 12:19 PM
    #49
    TXMiamiFan

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    What was censored? Inquiring minds like to know :spy:
     
  20. May 26, 2020 at 12:28 PM
    #50
    TheBeast

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    I'm sure AVIS will buy them out or whatever is left from Hertz and AVIS CEO will get big bonus check for a well done purchase :)
     
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  21. May 26, 2020 at 12:33 PM
    #51
    T-Rex266

    T-Rex266 [OP] Elon approved Staff Member

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    A beer, and other things it’s known for :spy:
     
  22. May 26, 2020 at 12:34 PM
    #52
    T-Rex266

    T-Rex266 [OP] Elon approved Staff Member

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    Don’t let the door hit you on the way back in when you knock at it
     
  23. May 26, 2020 at 1:52 PM
    #53
    Rex Kramer

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  24. May 26, 2020 at 1:57 PM
    #54
    TundraMcGov.

    TundraMcGov. Your friend. Your foe. Not yo Ho.

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    She had an employment contract. You know: terms and conditions of her employment.

    YES. Most of the other employees don't have contracts. I get it. But she did. Anyone and everyone can beatch and hate it. But she had a contract and the company is obligated, like all contracts, to abide by the terms and conditions of the contract.
     
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  25. May 26, 2020 at 2:00 PM
    #55
    Cpl_Punishment

    Cpl_Punishment Young men never die.

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    I guess what I don't like is the contract apparently says she gets the bonuses and other compensation regardless of how the company performs. If I were on the board of directors, I would make the bonuses performance-based, the way teams do for NHL players.
     
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  26. May 26, 2020 at 2:07 PM
    #56
    Boosted4runner

    Boosted4runner Join the NRA please.

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    Nice work. :cool:
    Looks like she might have been hot when you dated her too! :):D:cool:
     
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  27. May 26, 2020 at 2:09 PM
    #57
    texasrho83

    texasrho83 DGAF#1

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    :rofl:
     
  28. May 26, 2020 at 2:09 PM
    #58
    Boosted4runner

    Boosted4runner Join the NRA please.

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    Shoulda, coulda, woulda.
    Ultimately, employment contracts are made to obtain a valuable employee.
    XYZ might not have landed Jane Doe if the contract wasn’t in her favor.
     
  29. May 26, 2020 at 2:16 PM
    #59
    TundraMcGov.

    TundraMcGov. Your friend. Your foe. Not yo Ho.

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    Yup. And while we don't know the particular details......... typically the board of directors has to approve all executive level employment contracts. So......who knows what the true truth is.
     
  30. May 26, 2020 at 2:55 PM
    #60
    G10dra

    G10dra Not a New Member

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    Hertz paid top executives $16 million in bonuses ahead of its bankruptcy filing

    https://www.cnn.com/2020/05/26/investing/hertz-bankruptcy-executive-bonuses/index.html

    Hertz (HTZ) paid a total of $16.2 million to 340 executives on May 19 as part of a plan to keep them in place while the company attempts to reorganize, the company announced in a filing with the Securities and Exchange Commission. The executives will be required to return the money should they leave Hertz on their own before March 31, 2021.
    Paul Stone, who was just promoted to CEO three days before the retention bonuses were awarded, got $700,000 under the plan. Chief Financial Officer Jamere Jackson got $600,000, while Chief Marketing Officer Jodi Allen got about $190,000.
     
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