Thread regarding Hertz layoffs

Cash Wasted!

Paul S. should really start reviewing the GM/DIR expense accounts.

How much $$$ was wasted on booze at "meetings"– you think Seth's (ATL) expense account was bad??

Check out your other AP GM's- Top Shelf booze, str—ers, and the miscellaneous. Lol!!! Why do you think the company is going into bankruptcy. Where was the oversight.

Paul? Kathy? Care to respond?

by
| 1382 views | | 6 replies (last April 22, 2020) | Reply
Post ID: @OP+14xiozuK

6 replies (most recent on top)

Many good team members were treated very unfairly. It really isn’t right.

by
| | Reply
Post ID: @4zje+14xiozuK

Yeah, writer chose to say "incompetent" because she/he is sour. Dumb schmuck!
Spending 250 million on C2C/ONE with nothing to show is incompetent.
Changing sets of VPs and reorganizing minimum three times without ever asking "could I be the problem" is incompetent.
Posting "dugout" video and bragging how we are about to go live mid-September when we now see we were months behind is incompetent. It's like a contractor telling you your new house is ready in two weeks and when you turn up to move in, there is no roof, no windows and the whole place stinks of sh*t. The runny kind.
Being able to deceive the Board, well, that was and still is smart, let's recognize the effort.
2 years of "laser focus" on last mile delivery and not getting a piece right now when delivery is booming is incompetent.
Counting "savings" when the underlying costs are increasing is not only incompetent, but criminal. Let's count Wages and Maintenance, but exclude Collision cause Collision is a real downer. You can argue how much Tom Kennedy's departure was a factor because with him, no way Big4 flies like it has.
Banning the word "mobility" when 80% of under 30's are not interested in owning a vehicle is incompetent.
Ignoring internal market studies that the brand "Hertz" appeals only to age group 60+ and declines significantly in the lower age groups is incompetent.
Talking about "resilience" and "we have been around for 102 years" is an incompetent bluff cause that worked really well for Kodak and Toys'R'Us.
Finally, read on "debt fuelled growth" and then plot our EBITDA vs debt over the last 24 months. As another post said, calculate with Fed rates of 4% and Hertz cracks without Covid. Truly incompetent for ignoring and continuing to increase debt.

by
| | Reply
Post ID: @2kon+14xiozuK

Hertz did throw some kick a– parties with plenty of booze flowing! And at 5 star locations!

by
| | Reply
Post ID: @2gfa+14xiozuK

That has nothing to do with the GM's and Lou Scarpelli! Everyone has their role and at that level they execute the directive from above. You are misplacing the blame, especially with Lou; he's a great leader who cares for his people and did and is doing the best he can.

by
| | Reply
Post ID: @2xfb+14xiozuK

They are incompetent because of their inability to do their job which is build a strong company and to find solutions when challenges arise. You don’t need and executive team making millions to take the route of layoffs to solve the problem. My dumb a– could have pulled the trigger to fire 11,000 people as the solution. They needed to find a different solution!

by
| | Reply
Post ID: @2pjo+14xiozuK

Why are they incompetent? Because you weren't in their position? You must be someone who is sour from getting passed up?

by
| | Reply
Post ID: @1vsy+14xiozuK

Post a reply

: