William D. Cohan on the Rise and Fall of GE
Masters in Business
00:00
What Happened With Hertz?
With Hertz, what happened is that there was like a bidding war for Hertz in bankruptcy. Once you make the creditors whole, then you can control the equity. And so this is apparently something that these hedge funds did and made a killing. From the equity side or the debt side? I mean it was pandemic related because everybody was not going anywhere.
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