Forbes – Fir Tree Partners, the hedge fund firm founded by Jeffrey Tannenbaum, issued a statement on Thursday, saying Hertz CEO Mark Frissora “has completely lost credibility.”
Fir Tree said it was making its remarks in response to a statement that Hertz released yesterday, claiming that the company welcomes a “constructive” dialogue with its shareholders and “has a good handle on the nature and scope of the issues in the business and are executing plans to resolve them.”
