The facts: On April 24, it was reported that Hertz would start working with debt restructuring advisors, as its $17 billion in debt (966% debt-to-equity ratio) was viewed as potentially unsustainable.
With the effect of the pandemic becoming clear, Morgan Stanley analyst Adam Jonas cut his price target for Hertz Global from $5.00 to $2.00.
The old broad running this joke of a company needs to quit. She allowed the AP and HLE leaders destroy the company by turning a blind eye to the frat boy culture of excessive expense accounts, travel, and payroll to support failing locations. She hired a flunky to run US AP operations, and the former (very odd) head bobbing international blabbermouth she brought in to run HR was not only bafoonish, but he did nothing to change the broken cess pool of a work culture that is evident at every AP location. Now the company is being sued by salaried managers for improper classification and OT fraud. Company has a dirty stinky diaper, and nobody is going to help change it!