Days before Hertz filed for bankruptcy, the company paid over $16 million in incentive pay to top executives and managers who oversaw laying of thousands of employees.  -  Photo via Depositphotos.

Days before Hertz filed for bankruptcy, the company paid over $16 million in incentive pay to top executives and managers who oversaw laying of thousands of employees.

Photo via Depositphotos.

Seven retired Hertz executives, included a former general counsel regional vice presidents, are criticizing a proposed round of bonuses for current Hertz top managers, the Wall Street Journal reports.

The group says Hertz is ignoring its promise to provide them with secure retirement. The bonuses, which are being labeled "incentive pay," are slated to total over $14 million. 

Days before Hertz filed for bankruptcy, the company paid over $16 million in incentive pay to top executives and managers who oversaw laying of thousands of employees.

Originally posted on Auto Rental News

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