CEO steps down after being hit with expensive EV repairs and low resale prices following purchase of 100,000 Teslas
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.....
https://fortune.com/2024/03/15/ceo-steps-down-prices-following-purchase-teslas/
It’s replacing him with Gil West, the former chief operating officer of General Motors Co.’s Cruise robotaxi unit.....
That’s what happens when they hire some filthy Wall Street green eye shade gonef instead of a person who came up through the ranks in that specific industry. All greed.