Faculty News | David Yermack

Professor David Yermack explains why he believes the recent Hertz bankruptcy had little to do with its previous private equity ownership

— 6/29/2020

Excerpt from CNN -- "Still, David Yermack, a professor at NYU Stern School of Business, argued the Hertz bankruptcy had little to do with its previous private equity ownership. 'It was inevitable that a firm like Hertz, which had grossly over-expanded, would have needed to restructure itself,' Yermack said. 'The rental car industry needed to shrink.'"

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Professor David Yermack explains why he believes the recent Hertz bankruptcy had little to do with its previous private equity ownership