{"id":70336,"date":"2020-09-18T18:18:29","date_gmt":"2020-09-18T15:18:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/judge-rejects-hertzs-offensive-bankruptcy-bonus-plan\/"},"modified":"2020-09-18T18:18:29","modified_gmt":"2020-09-18T15:18:29","slug":"judge-rejects-hertzs-offensive-bankruptcy-bonus-plan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/judge-rejects-hertzs-offensive-bankruptcy-bonus-plan\/","title":{"rendered":"#Judge rejects Hertz’s ‘offensive’ bankruptcy bonus plan"},"content":{"rendered":"

“#Judge rejects Hertz’s ‘offensive’ bankruptcy bonus plan<\/strong>”<\/p>\n

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If you want to watch Movies<\/a> or TV series visit the Dizi.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

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\n A federal judge blasted bankrupt car-rental firm Hertz\u2019s proposal to pay top executives millions of dollars in bonuses as she shot down the plan Thursday.<\/p>\n

US Bankruptcy Judge Mary Walrath directed the beleaguered company to revise<\/a> its \u201coffensive\u201d proposal offering up to $14.6 million in bonuses to Hertz employees, including $5.4 million for senior executives.<\/p>\n

Walrath noted that Hertz already made about $16 million in so-called retention payments to employees before the Florida-based firm filed for bankruptcy in May.<\/p>\n

\u201cIt seems offensive to give senior executives bonuses\u201d when some of them got extra money just a few months ago, Walrath said during a Thursday hearing, according to Bloomberg News<\/a>.<\/p>\n

Walrath told Hertz\u2019s lawyers to change the goals company employees would have to meet to receive the new bonuses. The proposal would give the payments to 14 senior executives and roughly 295 managers, Bloomberg reported.<\/p>\n

\u201cMore has to be done to show why employees who got retention bonuses and agreed to stay with the company are not going to do their best to see that the company survives and succeeds,\u201d Walrath said during the hearing, according to the news<\/a> service.<\/p>\n

Florida-based Hertz did not immedia<\/a>tely respond to a request for comment Friday.<\/p>\n

Hertz filed for Chapter 11 in May as the coronavirus pandemic crippled global demand for travel<\/a>. The company made headlines in June with a controversial plan to raise bankruptcy financing by selling $500 million in potentially worthless stock. Hertz scrapp<\/a>ed the plan after the Securities and Exchange Commission raised concerns about it.<\/p>\n

With Post wires<\/em>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Judge rejects Hertz’s ‘offensive’ bankruptcy bonus plan” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com A federal judge blasted bankrupt car-rental firm Hertz\u2019s proposal to pay top executives millions of dollars in bonuses as she shot down the plan Thursday. US Bankruptcy Judge Mary Walrath directed the beleaguered company to revise…<\/p>\n","protected":false},"author":1,"featured_media":70337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/09\/hertz-1.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[71082,4978,71245,71246],"class_list":["post-70336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-18-20","tag-bankruptcy","tag-executive-compensation","tag-hertz"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/70336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=70336"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/70336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/70337"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=70336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=70336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=70336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}