Hertz: The $29 Million Worthless Stock Sale
A bankrupt Hertz warns investors its stock may be worthless while retail buyers drive the price up-how do you fall from that high?
Hertz: The $29 Million Worthless Stock Sale
In this episode, we trace how a century-long pattern of building value and selling it turned one of America’s most visible brands into a company that could admit its shares might be worthless and still capitalize on a retail-driven spike. What choices and structures allowed Hertz to be sold, resold, relisted, and ultimately vulnerable to that moment?
Company: Hertz Corporation
Person: John D. Hertz; Walter L. Jacobs…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.