Former Hertz Global Holdings CEO to return $2 million in incentive-based compensation to US regulator
Shortpedia
Content Team
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Mark Frissora, the former chairman and chief executive officer of Hertz Global Holdings Incorporation has reached an agreement with the US regulator who claimed that he played a key role in causing Hertz to file inaccurate financial statements in 2013. Frissora will pay nearly $2 million in incentive-based compensation to the regulator. The repayment will be done to compensate for the former CEO's misstatements in 2013.
