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Advising shareowners on how to use their rights to preserve portfolio value and diminish risk.

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Tag: bankruptcy

Hertz paid top executives $16 million in bonuses ahead of its bankruptcy filing – CNN

Hertz paid out millions of dollars in bonuses to its executives just before its bankruptcy — and a month after it started laying off thousands of employees.Retention bonuses are typical for bankrupt companies that want to prevent their management from abandoning ship. But they’re always awkward: the company can’t pay its employees or its debts to lenders, but it…

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