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Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct

wsj.com

The former chief executive of Hertz Global Holdings Inc. agreed to pay nearly $2.2 million to settle claims that he pressured subordinates to “find money” to meet financial targets, causing employees to violate accounting rules, according to regulators. Mark Frissora neither admitted nor denied the Securities and Exchange Commission’s allegations but will refund Hertz nearly $2 million in incentive compensation and pay a $200,000 penalty to the government...

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