Why Hertz Declined Another 6% Wednesday
Shares of Hertz Global Holdings (NYSE: HTZ), a vehicle rental company trudging through the bankruptcy process, are down another 6% following recent leadership changes and growing cash concerns. Earlier this week R. Eric Esper resigned from Hertz's CFO position to pursue a new career opportunity, and the vehicle rental company elected to fill his shoes with Kenny K. Cheung. The leadership shuffle is a sign of the instability within the company as it continues the bankruptcy process, and keeping leadership will remain difficult.
