Read Hertz CEO's letter to employees about Bill Ackman's 'significant' stake in the rental car firm

Michael Wayland,Yun Li - CNBC - 18/04
Hertz CEO Gil West said he is "encouraged" and "energized" by prominent investor Bill Ackman taking a "significant" position in the rental car company.

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A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021. 
Brendan Mcdermid | Reuters

Hertz Global CEO Gil West is "encouraged" and "energized" by prominent investor Bill Ackman taking a "significant" position in the post-bankrupt rental car company, he said Friday in an internal message to employees viewed by CNBC.

The remarks, part of a weekly CEO message to employees, come two days after Ackman's Pershing Square disclosed a sizable stake in Hertz — pushing shares of the car rental company to more than double during trading this week and close Thursday at $8.24 per share.

"Let me start by saying I am humbled, and we should all feel encouraged by Bill Ackman's comments and energized by the strong support shown by him, Pershing Square Capital M...
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