Posted on 03/17/2024 1:53:17 AM PDT by RomanSoldier19
Hertz Global Holdings Inc. is replacing its chief executive officer in the wake of a disastrous bet on electric vehicles that the company began unwinding in recent months.
Stephen Scherr, who ran Hertz for just over two years after three decades at Goldman Sachs Group Inc., has decided to step down, the rental-car company said late Friday in a statement. It’s replacing him with Gil West, the former chief operating officer of General Motors Co.’s Cruise robotaxi unit. West also will join the board of directors on April 1, according to the statement, which confirmed an earlier Bloomberg report.
(Excerpt) Read more at fortune.com ...
HAHAHA!
https://ir.hertz.com/management/stephen-scherr
Stephen M. Scherr
Chair and Chief Executive Officer
Stephen Scherr is Chair and Chief Executive Officer of Hertz. He is focused on transforming the iconic American company into a global leader in shared mobility, electrification, and digital-first customer experience.
“He holds a J.D. from Harvard Law School and an A.B. from the Woodrow Wilson School of Public and International Affairs at Princeton University.”
Next time, fur shur...
What will it take to get through the diamond hard thick skulls of these corporate crony capitalists that PATH OF LEAST RESISTANCE is NATURAL LAW that cannot be circumvented in customer demands, electrical engineering, water flow engineering, etc.?
Nobody wants the FORCED behavioral scheduling limits placed upon them to have to wait hours, or even a day or more, before their EV is “refueled” and they can continue with their travel plans.
Fight against NATURAL LAW and you’ll lose every time... eventually.
BTTT!
The Deep State war on Elon Musk continues.
Just another “elite”, mediocre, woke, east coast, CEO of which the corporate world is polluted with these days.
Go woke, go broke, and go home.....fool.
Poor pathetic “woke” elitist numbskull. Sounds like his replacement is of the same ilk.
It’s apparent that these college indoctrinated business leaders learned nothing and are void of common sense.
He failed. Big time.
A clear case of “educated beyond his intelligence”.
A climate change Bud Light moment?
” after three decades at Goldman Sachs Group Inc”
Retirement funds managment is infested with these people. They play with other peoples money and are totally cut off from reality. That’s why Blackrock and Vangard have so much influence.
People who rent a car are either visiting town, and living in hotels, or on a long driving vacation.
In either case, they are not going to rent EV.
EV “suitability” for long trips is legendary, and hotel may not have a charger.
Looking for chargers and waiting to be charged is not what normal car renters will do.
BTW - warning.
In “advanced” Europe, the car rental companies have a lot of EV’s standing around. If you are renting car there, double check, they like to stick you with one, without warning, if you are not careful.
jonascord wrote: “As for renting EVs, any climate crazy will just say, “He didn’t do it right...””
Any climate crazey will say, he should’ve only bought EV, his problem was he also had ICE.
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