Company Directory - Hertz Global Holdings Inc.
Company Details - Hertz Global Holdings Inc.
Hertz Global Holdings Inc.
WebsiteEstero, United States
Hertz Global Holdings Inc. is an American car rental company that operates the Hertz, Dollar, and Thrifty car rental brands, providing vehicle rental services to consumers and businesses worldwide.
CCI Score
CCI Score: Hertz Global Holdings Inc.
-27.82
0.02%
Latest Event
Hertz Revolving Door and Lobbying Practices
An OpenSecrets profile reveals that 6 out of 7 Hertz Global Holdings lobbyists in 2023 and 2 out of 3 in 2024 have previously held government positions, alongside a reported lobbying expenditure of $250,000 in 2024. This raises concerns about corporate entanglement in politics, potential regulatory capture, and undue influence on public policy.
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ACCOMPLICE
Hertz Global Holdings Inc. is currently rated as an Accomplice.
Latest Events
- FEB192025
An OpenSecrets profile reveals that 6 out of 7 Hertz Global Holdings lobbyists in 2023 and 2 out of 3 in 2024 have previously held government positions, alongside a reported lobbying expenditure of $250,000 in 2024. This raises concerns about corporate entanglement in politics, potential regulatory capture, and undue influence on public policy.
-40
Political Contributions and Lobbying Efforts
March 28
The reported lobbying spending of $250,000 combined with the fact that a majority of Hertz lobbyists have prior government experience highlights significant political contributions that may compromise democratic oversight.
-30
Executive Political Engagement
March 28
The revolving door aspect, where a significant number of Hertz lobbyists have held government positions previously, implies close ties with state officials, exacerbating concerns over conflicts of interest and potential regulatory capture.
- DEC312024
Hertz Global Holdings Inc. disclosed $60,000 in lobbying expenditures from Q4 2024, related to issues in the rental car industry. The filing under the Lobbying Disclosure Act highlights the firm’s engagement in political lobbying activities.
-40
Political Contributions and Lobbying Efforts
March 28
The disclosure of a $60,000 lobbying expenditure demonstrates Hertz’s active involvement in shaping policy related to the rental car industry. From an anti-fascist perspective, such lobbying—while not unusually large in monetary terms—can contribute to corporate influence over political processes, potentially undermining equitable governance and public accountability.
Lobbying Update: $60,000 of HERTZ GLOBAL HOLDINGS INC. lobbying was just disclosed
- SEP272024
Hertz Global Holdings is at risk of a large-scale strike by approximately 3,000 Teamsters workers across multiple states if a new labor agreement is not reached soon. The union has made clear demands for fair treatment, emphasizing the importance of labor rights and the critical role its members play in major operations. Hertz has stated its commitment to negotiating in good faith, but the looming threat of work stoppages highlights potential shortcomings in addressing worker welfare.
-40
Labor Relations and Human Rights Practices
March 28
The potential strike by Teamsters underscores significant labor unrest and suggests that Hertz may not be fully upholding fair labor practices. The union's demand for fair treatment and the company's ambiguous stance indicate a troubling situation regarding worker rights, which from an anti-fascist, pro-worker perspective is a negative sign.
- SEP262024
Nearly 3,000 Hertz Teamsters across 20 local unions have voted to authorize a strike if a new contract is not reached by September 30, 2024. The unions criticize Hertz for offering contract proposals that are viewed as insulting and prioritizing the company's bottom line over workers' needs, including the introduction of a two-tier pay system.
-80
Labor Relations and Human Rights Practices
March 28
Hertz's approach to labor contract negotiations has been criticized as disregarding workers' rights and fair labor practices. The company's proposals are seen as inadequate, failing to secure a living wage and fair treatment, thereby contributing to an environment that undermines worker dignity and supports a bottom-line over employee welfare.
HERTZ TEAMSTERS AUTHORIZE STRIKE AS CONTRACT EXPIRATION LOOMS
- JAN112024
Hertz announced via an SEC filing on January 11, 2024, that it would sell approximately 20,000 U.S. electric vehicles—roughly one-third of its global EV fleet—to reinvest in internal combustion engine vehicles. The decision, explained by CEO Stephen Scherr as a response to market pressures including Tesla’s price cuts and higher incident rates among EVs, has become a flashpoint in political debates over the Biden Administration’s climate change policies.
-30
Public and Political Behavior
March 28
Hertz's move has been leveraged in political discourse, with figures such as Sen. John Barrasso using the decision to attack progressive climate policies of the Biden Administration. This politicization of a core business decision underscores an alignment with narratives that oppose forward-thinking environmental reforms, thereby negatively affecting public political behavior.
Car rental industry prepares for EV future as Hertz scales back EV fleet
-50
Business Practices and Ethical Responsibility
March 28
By opting to significantly scale back its investment in electric vehicles and reinvesting in traditional internal combustion engine vehicles, Hertz undermines efforts toward a sustainable future. This decision not only represents a questionable business practice in the context of evolving environmental responsibilities but also adversely affects marginalized communities disproportionately vulnerable to climate change.
Car rental industry prepares for EV future as Hertz scales back EV fleet
- DEC312023
Hertz Global Holdings spent $355,000 on lobbying efforts in 2023, as reported by OpenSecrets. This expenditure suggests an active attempt to influence federal policy through corporate lobbying.
-40
Political Contributions and Lobbying Efforts
March 28
Hertz Global Holdings' reported lobbying expenditure of $355,000 in 2023 indicates corporate spending aimed at influencing public policy. From an anti-fascist perspective, such actions risk prioritizing corporate interests over democratic accountability and worker rights, which can indirectly support authoritarian agendas.
- MAR312023
Hertz was recognized by the Biden-Harris Administration for its expanded electric vehicle initiatives, which include significant fleet increases and public-private partnerships in key markets like Denver and Houston. The company's efforts to enhance EV access align with progressive sustainability goals.
+70
Public and Political Behavior
March 28
Hertz’s electrification strategy has been publicly lauded by the White House, signaling strong alignment with progressive public policies and sustainable initiatives. This positive political endorsement reflects a commitment to initiatives that support broader social and environmental benefits.
+50
Technology and Services Impact
March 28
The expansion of Hertz's electric vehicle fleet and the rollout of charging infrastructure underscore its commitment to leveraging technology for environmental innovation, moving away from traditional fossil fuels and thus contributing positively to societal progress.
- JAN012023
The OpenSecrets profile details Hertz Global Holdings' lobbying activities, highlighting annual lobbying totals since 1998 and bills lobbied in 2023. Such sustained lobbying activity may contribute to corporate influence in political processes.
-20
Political Contributions and Lobbying Efforts
March 28
Hertz Global Holdings' detailed lobbying activities, as outlined in the OpenSecrets profile, indicate prolonged and active engagement in political lobbying. From an anti-fascist perspective, such corporate political engagement can contribute to the entrenchment of corporate power and potentially undermine democratic accountability, which can facilitate authoritarian influence. While lobbying is a common corporate practice, its cumulative impact warrants a negative rating under the Political Contributions and Lobbying Efforts category.
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- Motor Vehicle Towing
- 532111
- Passenger Car Rental
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- Passenger Car Leasing
- 532120
- Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing