Hertz Awards $16 Million in Bonuses to Executives Days Before Filing for Bankruptcy

According to a federal filing, Hertz car rental paid its top 340 executives an average $47,709 a few days before it filed for bankruptcy.

They gave out $16.2 million on March 19th before filing for bankruptcy protection.

The CEO received $700,000. He took the role of CEO days before bankruptcy filing.

The CFO received $600,000.

The Chief Marketing Director received $190,000.

Source: https://www.blackenterprise.com/hertz-awards-16-million-in-bonuses-to-executives-days-before-filing-for-bankruptcy/