Senior Leaders to announce COVID $10K Director bonus and $7K FPM, MM, and LM bonuses for those that stay through June 30th 2021. Just hold tight people. There is good coming amid all ths uncertainty.
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Sorry boys and girls. The judge shot you down!
Many GM3 and above already received a retention bonus. This will be a second round, maybe for GM 2, 1 and iOS directors????
The small management bonuses are needed to keep employees working hard. All Stone needs to do is keep things going a little longer before rhe business bounces back. This will be one of the greatest comebacks ever. Hertz is a very powerful brand.
If they do a payout like this. Which they won't. It will be something like up to 7k or 10k. There will be all sorts of stipulations and metrics you and or your location will have to achieve in order to get the biggest payout. Of course the metrics, in usual Hertz fashion will be unfair and unattainable.
They already hired a homeless drifter. Except they made him the CEO
Best idea ever:
Hire the homeless drifters we used to clean from Labor Ready to act as temp GMs. They will do a better job. Some more qualified.
Stop living in the land of make believe. It’s over. Just a matter of time now.
(Bloomberg) – Hertz Corp. should be blocked from paying as much as $5.4 million to 14 top executives because the proposed bonus program would “potentially squander limited resources,” a group of retired company managers said in court papers.
Paying top managers a bonus while in bankruptcy may make it impossible for Hertz to honor the $5.6 million in deferred compensation owed to the seven retired executives, including the car renter’s former general counsel, Paul M. Tschirhart, according to the objection filed in U.S. Bankruptcy Court in Wilmington, Delaware.
The bonus program is “a fairly transparent attempt to continue doling out cash in a manner similar to the $16.2 million that already has been bestowed upon favored employees,” the employees said, referring to payments Hertz made to top executives just before it filed bankruptcy in May.
Stop the negativity. I have full confidence we will be around for decades. This is just another bump in the road.
HertzStrong my fat behind...
You ain’t grasping Economics101. Giving a retention bonus in Hertz‘s financial position is like having one last party before you get evicted from your apartment. We have at most until March. Most posts are negative on senior leadership capabilities, but someone was smart enough to devise a scheme to make dumb a– es take the bait. In June 2021 all you will be holding in your hands is your layoff letter.
Oh, don’t forget to lie on LinkedIn boasting how great we are doing. Cause that makes you really employable when you cannot delete the post in 6 months time.
You are hallucinating. Hertz will be liquidated by March.
They're going to pay the bonus in Mcfina points or whatever that rewards program now consists of. 7,000 Mcfina points = $7.00
You can buy a water bottle or a pen.
If the Judge approves this, she's on crack. Cant pay creditors and they want to hand out bonus checks to weak leftover management. Don't fool yourself into believing that the management still around are the best or most loyal. Most can't even handle customers. So pay those of us trying to explain to customers that we are not as f—ed up as we appear.
What planet are you living on? I worked my tail off for 14 years. Was let go this summer for circumstances out of my control. I will need to declare bankrupty soon if I cant find a job. Western Florida economy is terrible.
Bonus money for rhe strong and loyal leaders. All the negative comments are most likely employees that were laid off or will leave because they are afraid of hard work.
A nice down payment on a car
Only strong, loyal, and smart employees will stay. They should be rewarded. Hertz will come out of this very strong by 2022. Stock will be at $30 in 2 years. I'm buying as much as possible right now
Company won’t be around that long. Take the money and run.
Good luck agreeing to the terms and conditions of accepting that bonus. They will work you to the bone. The employees will further resent management and throw in the towel every shift.
With much of the regions going into what's usually the slower season I see the company further reducing operations.
They are offering a retention bonus to keep the AP locations from collapsing in a max exodus. Lots of mgmt jumping ship right now.
It shows that there is no plan.
A retention bonus just to stay is the proof of an absence of strategy.
It is just like the bonus for the Board and key Directors.
When you run a company through a crisis, only one thought should drive the leaders: how to get over the crisis.
If the leaders are planning to leave and need a retention bonus it's either that they are not good for the company or that the company has no future.
In some cases, both are true.