The company, which announced in January it was selling 20,000 of the electric vehicles in its fleet, or about a third of the EVs it owned, is now replacing the CEO who helped build up that fleet, giving it the company's fifth boss in just four years. The company announced that Stephen Scherr, who came to the company two years ago after nearly 30 years at Goldman Sachs, is stepping down at the end of this month. He'll be replaced by Gil West, former chief operating officer of Delta Air Lines and General Motors' Cruise unit. In the most recent quarter, Hertz took a $245 million hit to its earnings due to a drop in value of the EVs it was selling.
Neil Young says he is returning to Spotify after removing his music from the streaming platform to boycott podcaster Joe Rogan. Young voluntarily removed his music from Spotify in 2022 after Rogan, whose podcast was exclusively on Spotify, had a controversial infectious disease expert on as a guest during the COVID-19 pandemic. But last month, Rogan signed a new deal with Spotify, which allows his podcast to be streamed on other platforms like YouTube and Apple, according to Associated Press. read more
The city of Toronto has a car theft problem, and it doesn't sound like police have much of a clue as to how to combat it. In a recent safety meeting, one officer even gave advice that basically boiled down to: If thieves come knocking to steal your car, just let 'em have it. As reported by blogTO, Toronto Police Service Constable Marco Ricciardi said, "To prevent the possibility of being attacked in your home, leave your [key] fobs at your front door because they're breaking into your home to steal your car. They don't want anything else." read more
By some distance, the research Emissions Analytics published in early 2020 claiming that tire particulate wear emissions were 1,000 times worse than exhaust emissions generated the most feedback of any subject we have tackled so far " feedback that was a mixture of surprise and scepticism. The headline conclusion we draw now is that, comparing real-world tailpipe particulate mass emissions to tire wear emissions, both in normal' driving, the latter is actually around 1,850 times greater than the former. Yes, in normal driving the ratio is almost double the previous figure for aggressive driving. read more
When the Russian army mounted a full-scale invasion two years ago, Ukrainian men zealously rushed to recruitment centers across the country to enlist, ready to die in defense of their nation. Today, with Russia in control of roughly one-quarter of Ukraine and the two armies virtually deadlocked along a 1,000-kilometer (620-mile) front line, that spirit to enlist has faded: Many Ukrainian men are evading the draft by hiding at home or trying to bribe their way out of the battle. read more
"Hertz Global Holdings' CEO is Stephen Scherr, appointed in Feb 2022, has a tenure of 2.08 years. total yearly compensation is $182.14M, comprised of 0.7% salary and 99.3% bonuses, including company stock and options. directly owns 0.99% of the company's shares, worth $22.87M."
Now THATS how you fail :O