The company paid President and Chief Executive Officer Paul Stone $700,000, and Executive Vice President and Chief Financial Officer Jamere Jackson $600,000 as retention bonuses, Hertz said in a filing to the U.S. regulators. Last week, the board of the company, which counts billionaire investor Carl Icahn as its largest shareholder with a nearly 39% stake, allowed it to seek chapter 11 protection in a U.S. bankruptcy court in Delaware. Since the virus outbreak, a large portion of Hertz’s revenue, which comes from car rentals at airports, have evaporated.
from Yahoo Finance https://ift.tt/2ZFytuq
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