What U.S. company would you guess had the third-highest-paid CEO in the nation?

What faabulously profitable company do ya think has the third-highest-paid CEO in the country?  General Motors?  Tesla?  General Electric?  Boeing?

Surprisingly it's Hertz.  Yes, the car-rental company.

The CEO (and chairman) is Stephen Scherr, who says he's focused on transforming the company into "a global leader in shared mobility, electrification, and digital-first customer experience."  If you have a hard time parsing that last phrase, we do too.

Scherr was named CEO of Hertz in February 2022, having spent decades in the auto-rental business.

Hahahahahaha!  Just kidding.  He actually spent the past 30 years at Goldman Sachs.  With him having degrees from Princeton and Harvard and a global-communist agenda, the company's wokie board quickly offered him a total compensation of $182 million, making him the third-highest–paid CEO in the U.S.  And to the board it made sense, cuz with the new CEO's degrees and agenda, Hertz was clearly poised for vast profitability, eh?

But for some odd reason investors were a bit...skeptical, and in just one year Hertz stock has fallen from $20 to less than $8 per share--a drop of more than 60%.

One problem was that the so-woke Scherr--convinced of his own infallibility--ordered the company to buy hundreds of millions of dollars of EVs.  Surprisingly, not many renters wanted to rent those, and the misstep cost the company $245 million.

Hey, no big deal, right?  "We did the right thing, but consumers were too dumb to rent our EVs," eh?

Now Scherr has just resigned, no doubt with a huge golden parachute.

See, EVs are the wave of the future.  Your Ivy-league betters have said so, after energy "experts" in the biden regime said so.  Duh "elites" gon' save duh Erf by gettin' rid o' doze awful gasoline-powered cars!  Yep yep yep.   

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