Reported about 16 hours ago
Hertz CEO Gil West expressed his humility and gratitude following billionaire investor Bill Ackman's endorsement of the company. Ackman's investment management firm, Pershing Square, acquired a 19.8% stake in Hertz, and he praised West's management strategies aimed at improving profitability. Although Ackman noted some short-term challenges for the travel industry, he remains optimistic about Hertz's future profitability, leading to a significant surge in the company's stock.
Source: YAHOO