CEO gives up $3 million salary, in addition to company furloughs

ESTERO — Hertz President and CEO Kathryn Marinello has joined the ranks of multiple other public company executives in relinquishing her entire base salary, part of the rental car giant’s response to the coronavirus pandemic.

Hertz recently implemented employee furlough programs across its North American field operations and U.S. corporate locations, according to a statement, in order “to align staffing levels with the slowdown in demand.”

“The company hopes to bring back as many team members as possible once global travel rebounds,” the statement adds.