Hertz Drops Executive Incentive Pay That Bankruptcy Judge Called Offensive

(Bloomberg) -- Hertz Global Holdings Inc. dropped its plan to hand out executive incentive bonuses for 2020 after the judge overseeing the company’s bankruptcy called the idea “offensive.”

Instead Hertz will push forward with a general incentive plan for lower-ranking employees to motivate them while the company crafts a turnaround plan, the car renter said in a court filing Wednesday.

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