NEW YORK (AP) — Organizations give benefits to their workforce all the time. Quite a few best executives at Fortune 500 providers have access to a corporate jet for own use, a corporation apartment, or an price account for extravagant meals. Even lessen-level staff members frequently get entry to benefits like tuition reimbursement or income to join a health club.

But the extravagant perks prosecutors say the Trump Organization lavished on to its CFO Allen Weisselberg — apartments, autos, hard cash for holiday break strategies, tuition for his grandchildren to title a couple of — are perfectly outside of the

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  • Vehicle rentals were down final year—you get a single guess why—and that assisted plunge the previously battling Hertz into bankruptcy in early 2020.
  • Even however the firm was pessimistic about its odds of coming out of individual bankruptcy with any type of price for its shareholders, a bidding war this spring served signifies shares are worthy of pretty much $9 now, perfectly earlier mentioned the sub-$2 level all through the pandemic.
  • Hertz was also able to promote off around 200,000 of its 650,000 motor vehicles when demand for utilized cars and trucks was sturdy, which didn’t
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