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

(From CNN Business)

The company did not respond to a request for comment, but said in its SEC filing that the payments are justified by financial and operational uncertainty that the company and its employees face. Hertz also declared the payments necessary because of the substantial additional efforts undertaken by the company’s key employees with a reduced work force, and the risks to the company if key employees decide to leave.

Reprinted from: https://www.ac2news.com/2020/05/hertz-paid-top-executives-16-million-in-bonuses-ahead-of-its-bankruptcy-filing/