Quote:
Originally Posted by RainMaker
I would not have taken on $19 billion in debt so that I could pump out dividends to my private equity cronies.
Hertz has been poorly run since Ford sold them. They have been losing money for years.
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Hindsight is so 20-20. No one is arguing there are some companies that deserve to fail. I said Sears/K-Mart, JC Penney and I have no problem adding Hertz to this list.
Hertz is going bankrupt/reorg because of this coronavirus event. No company would have predicted the timing and severity of this and planned for it. If Hertz did save the $19B, they should have used it to increase customer service and combat against Uber, Lyft and like, not a coronavirus event.