Hertz Replaces CEO After Failed Tesla Bet

Hertz Global Holdings Inc. (Nasdaq: HTZ) is making a leadership change at the top after unwinding a costly and poorly executed bet on electric vehicles. The rental car giant announced late Friday that CEO Stephen Scherr is stepping down after just over two years in the role. Scherr, a former Goldman Sachs executive, joined Hertz … Continue reading Hertz Replaces CEO After Failed Tesla Bet