Bloomberg: Hertz Global replaces CEO after earnings misses, stock slump

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).

The article can be read by clicking the link below:

Hertz Global replaces CEO after earnings misses, stock slump
http://www.chicagotribune.com/business/ct-hertz-global-replaces-ceo-20161214-story.html

Photo Credit: Bloomberg.