Thread regarding Hertz layoffs

Hertz bankruptcy judge approves up to $12 million in executive bonuses

Reuters - Hertz has secured bankruptcy court approval of its 2021 incentive plan, which offers executives up to $12 million in bonuses if they meet certain financial goals and bankruptcy-related deadlines.

  1. S. Bankruptcy Judge Mary Walrath in Wilmington, Delaware signed off on the plan at the conclusion of a remote hearing on Tuesday. The car rental company, represented by White & Case, filed for bankruptcy protection last May with $19 billion in debt as the COVID-19 pandemic wreaked havoc on the travel industry.

(Read full story on Westlaw Today)

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Classic case of the Rich robbing the Poor !

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