Hertz's new CEO addresses wrongful theft lawsuit

Stephen Scherr says practice of reporting cars stolen not acceptable

  • By Louis Llovio
  • | 2:20 p.m. April 17, 2022
  • | 0 Free Articles Remaining!
COURTESY: Hertz corp has been accused of reporting vehicles stolen while the drivers were in good standing, a practice that lead to dozens of false arrests. New CEO Stephen M. Scherr says it's unacceptable.
COURTESY: Hertz corp has been accused of reporting vehicles stolen while the drivers were in good standing, a practice that lead to dozens of false arrests. New CEO Stephen M. Scherr says it's unacceptable.
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The Hertz Corp.’s new CEO is in a mea culpa kind of mood.

Stephen Scherr, who took the helm of the Lee County rental car giant in February, went on CNBC’s Squawk Box April 4 and during the appearance apologized for the company reporting vehicles stolen while the drivers were in good standing — a practice that's led to dozens of false arrests.

 

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