So Gils investor call was all unicorns and rainbows. Is he working at the same Hertz I am at?
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Understaffed is not even words for it! they are hiring a temp agency to clean the cars ! And they want to talk about saving money and telling there VSA'S no overtime! Gill can go to he-l! Along with all his cronies and upper managment get rid of them all and start over! With people who have a brain!
Sandeepsht and the Delta d-mb execs are just spinning the story. Revenue down, fleet down, head count down.
Mike MoreDumb is going all in on Israeli owned Palantir. In 5 years they'll ask why the company is stuck with a company they are paying millions a year to manage stupid that isn't bringing any savings.
Board is already liking to replace the execs again.
Maybe Sixt will buy Hertz.
Its all a shell game. They hide losses in restructuring accounts so it boost EBITDA. Loses are still their by hidden in a account that is not factored into EDIITDA. Hair spray did this the best. This blows up pretax and execs all get massive bonuses. By the time anyone finds it CFO and everyone is gone! Next CEO's problem. They tried to sue hairspray and the entire leadership team to get back their millions in bonuses after the shady accounting was discovered. What at joke.
Gil is spinning the story. Bragging after 7 quarters Hertz made $1M. But didn't say anything about being - $250 in the hole for the year.
Cheap fleet, understaffed field, terrible revenue. When is Sandeepsht going to get fired?
Hertz has such a bad rep on accusing people of stealing cars (not returning) and with the new AI that finds each and every scratch to ding you, even if I save money over another rental, I would NEVER EVER rent from them.