Maryann Keller, Principal of MK&A, was quoted in Bloomberg on the replacement of Hertz’s CEO: “He made the assumption that the rental business is an oligopoly,” Keller said. “He thought they could raise prices and charge fees like the airlines. It’s a competitive business.” Maryann is a former board member of Dollar Thrifty Automotive Group Inc.(sold to Hertz in 2013).
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Hertz Global replaces CEO after earnings misses, stock slump
Photo Credit: Bloomberg.