Deals
Hertz Investors Said to Favor Ex-Chief of Dollar Thrifty
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Hertz Global Holdings Inc. investors seeking to replace Mark Frissora as chief executive officer have a candidate in mind for the job: Scott Thompson, who sold Dollar Thrifty for $87.50 a share after Frissora initially offered $2.
One day after Hertz abandoned its 2014 forecasts, Fir Tree Partners, which holds more than 3 percent of the stock, said it’s urging the board to replace Frissora, and billionaire Carl Icahn disclosed an 8.5 percent stake and said he may seek board representation. At least one investor has been investigating whether Thompson is the right person to succeed Frissora, said three people familiar with the matter.