Read Hertz CEO’s letter to employees about Bill Ackman’s ‘significant’ stake in the rental car firm

During the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City on November 9, 2021, a Hertz Tesla electric vehicle was showcased. Hertz Global CEO Gil West expressed his positive feelings about prominent investor Bill Ackman acquiring a significant stake in the rental car company following its bankruptcy. Ackman’s investment has led to a surge in Hertz’s stock value, with Pershing Square Capital Management becoming the second-largest shareholder. West praised the support received and emphasized the company’s progress and the dedication of its employees. Hertz has faced challenges in recent years, including bankruptcy during the pandemic, but West remains optimistic about the company’s future and its transition to focus on its core business strategy.