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A comment on On eve of bankruptcy, US firms shower executives with bonuses. Parent comment

Re:On eve of bankruptcy, US firms shower executives with bon... by fredophile on Friday July 17, 2020 @11:14PM (#23878591)
There is a very high correlation between board membership and CEO experience. Who decides CEO compensation? The board. The players are making the rules and they're choosing rules that favour themselves.
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Re:On eve of bankruptcy, US firms shower executives with bon... by lend000 on Friday July 17, 2020 @11:18PM (#23878607)
[0] https://finance.yahoo.com/quote/HTZ/holders?p=HTZ
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Re:On eve of bankruptcy, US firms shower executives with bon... by fredophile on Saturday July 18, 2020 @03:51AM (#23879804)
Not really sure what your point is.
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Re:On eve of bankruptcy, US firms shower executives with bon... by lend000 on Saturday July 18, 2020 @04:36AM (#23880010)
Hertz insiders control less than 1% of voting shares. You will see similar numbers amongst most of the other older companies doling out executive bonuses.

They did not have any power to grant themselves the bonuses. Keep in mind their overall compensation with the retention bonuses might still be significantly lower than their expected compensation pre-bankruptcy, due to the stock portion of their comp being near worthless now.

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Re:On eve of bankruptcy, US firms shower executives with bon... by fredophile on Saturday July 18, 2020 @05:00AM (#23880089)
Every member of Hertz board has been in a Cxx position with most of them having been CEOs [0]. Some of them may want to be CEOs again someday so it's in their best interest to keep executive compensation high.

[0] http://ir.hertz.com/board-of-directors

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