The former chief executive of Hertz Global Holdings Inc. agreed to pay nearly $2.2 million to settle claims that he pressured subordinates to “find money” to meet financial targets, causing employees to violate accounting rules, according to regulators.
Mark Frissora neither admitted nor denied the Securities and Exchange Commission’s allegations but will refund Hertz nearly $2 million in incentive compensation and pay a $200,000 penalty to the government. The deal was announced Thursday and is subject to court approval.
White Collar crime is not longer criminal. Next Bernie will be pardoned.
Going off the grid and working for myself. Only buying necessary items locally first. National stores second, and hopefully never online. Keep it simple and let people like this live like crooks without consequence. Merica
Do you want a Hertz Donut?
Biden=China=Nazy
Bonus seeker...fits with predatory capitalism
No jail time. Investors get screwed. He walks away with millions after the fines. Hertz goes bankrupt. Too risky selling dope on the corner? Get an MBA and cheat on the earnings estimates. Get rich.
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