Friday, June 21

Tag: Hertz

Why Accenture’s $32 Million Lawsuit is a Lesson for Every Business
Story

Why Accenture’s $32 Million Lawsuit is a Lesson for Every Business

Even the best drop the ball sometimes.  This might be the biggest lesson young business owners could learn from watching the consultancy deal between Accenture and Hertz crash and burn. This is a story where “faking it until you make it,” works for a while but then when it’s time to get down to business, true colors start to show, and mistakes are revealed in ugly truths. Here some lessons you can learn as a small business owner from Accenture’s $32-million lawsuit. 1. Take the time to study your contract There are a lot of ways you can avoid expensive mistakes like the ones that got Accenture on the defense for a $32 million lawsuit.  Hertz wanted to revamp its online footprint back in 2016 and entrusted the job to Accenture, which is no doubt the most prominent consul...
Car Rental firm Hertz files for bankruptcy
News

Car Rental firm Hertz files for bankruptcy

ESTERO, Fla., May 22, 2020-- Car rantel firm Hertz today announced that its U.S. and Canadian subsidiaries have filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware. The impact of COVID-19 on travel demand was sudden and dramatic, causing an abrupt decline in the Company's revenue and future bookings. Hertz took immediate actions to prioritize the health and safety of employees and customers, eliminate all non-essential spending, and preserve liquidity. However, uncertainty remains as to when revenue will return, and when the used-car market will fully re-open for sales, which necessitated today's action.  The financial reorganization will provide Hertz a path toward a more robust financial structure that best po...