Hertz hits speed bumps


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  • | 10:00 a.m. August 29, 2014
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The vultures are circling around another wounded corporate animal.

The latest struggling Southwest Florida company is a big newcomer to the area: global car-rental giant Hertz. The company recently moved its corporate headquarters to Southwest Florida with great fanfare, where it is building a new campus in Estero.

Carl Icahn and other activist shareholders have called for change at Hertz, including among the top executive ranks, as the company struggles with a review of the last three years' worth of earnings. Most recently, Hertz says it will delay its quarterly earnings report until an accounting review is completed and it may have to restate financials for three years.

 

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