Wall Street Fights to Keep Talent, but Money Isn’t Always Enough

Banks are raising pay to fend off investment firms, fintechs and crypto start-ups. Still, leaving is often about something other than “always having more and more.”

#appointments-and-executive-changes, #banking-and-financial-institutions, #citigroup-inc, #executive-compensation, #goldman-sachs-group-inc, #hertz-global-holdings-inc, #hiring-and-promotion, #jpmorgan-chasecompany, #scherr-stephen-m, #ubs-ag, #wages-and-salaries

Hertz Places Order for 100,000 Tesla Vehicles

The order, which is expected to be delivered by the end of next year, is a sign of the growing momentum in the shift toward electric cars.

#automobile-renting-and-leasing, #automobiles, #brady-tom, #electric-and-hybrid-vehicles, #hertz-global-holdings-inc, #tesla-motors-inc

Herbert Alford Sues Hertz Over Lost Receipt That Was His Murder Alibi

He spent four years imprisoned on a murder conviction before the car rental company finally located a receipt showing he was nowhere near the scene of the 2011 killing in Michigan.

#alford-herbert, #automobile-renting-and-leasing, #false-arrests-convictions-and-imprisonments, #hertz-global-holdings-inc, #ingham-county-mich, #michigan, #murders-attempted-murders-and-homicides, #suits-and-litigation-civil

These Companies Gave Their C.E.O.s Millions, Just Before Bankruptcy

Corporate boards are handing out millions to top executives before their companies seek bankruptcy protection, and courts can’t do much about it.

#bankruptcies, #bonuses, #chesapeake-energy-corporation, #coronavirus-2019-ncov, #executive-compensation, #hertz-global-holdings-inc, #jc-penney-company-inc, #lawler-robert-douglas, #layoffs-and-job-reductions, #soltau-jill, #whiting-petroleum-corporation

Coronavirus Bankruptcies Are Coming

Experts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving.

#altman-edward-i, #bankruptcies, #chesapeake-energy-corporation, #coronavirus-2019-ncov, #credit-and-debt, #diamond-offshore-drilling-inc, #gerber-robert-e, #hertz-global-holdings-inc, #j-crew-group, #layoffs-and-job-reductions, #neiman-marcus-group, #united-states-economy

What Should Companies Do on Juneteenth?

The holiday commemorating the end of slavery in the U.S. has become a focus of corporate responses to the reckoning on racial discrimination.

#colleges-and-universities, #endowments, #hastings-reed, #hertz-global-holdings-inc, #holidays-and-special-occasions, #juneteenth, #morehouse-college, #netflix-inc, #philanthropy, #race-and-ethnicity, #small-business, #spelman-college, #stocks-and-bonds, #united-negro-college-fund

Market Madness in the Pandemic

Why are investors rushing to buy junk?

#automobile-renting-and-leasing, #bankruptcies, #coronavirus-2019-ncov, #hertz-global-holdings-inc, #stocks-and-bonds, #trump-donald-j

The Reopening, in 5 Charts

As states ease lockdown orders, Americans are eating out, booking flights and buying houses again. Here’s what that looks like.

#coronavirus-2019-ncov, #coronavirus-reopenings, #executive-compensation, #franklin-templeton-limited-duration-income-trust, #hertz-global-holdings-inc, #united-airlines

Hertz, Car Rental Pioneer, Files for Bankruptcy Protection

The company, which had amassed a large debt, has been devastated by the sharp drop in travel during the pandemic.

#airports, #automobile-renting-and-leasing, #automobiles, #avis-budget-group-inc, #bankruptcies, #coronavirus-2019-ncov, #credit-and-debt, #hertz-global-holdings-inc, #icahn-carl-c, #marinello-kathryn-v