Activist investor Carl Icahn announced this week in a regulatory filing that he has increased his stake in Hertz Global Holdings to $49.3 million shares of the company, up from $38.8 million before. Icahn, who played a pivotal role in the shareholder discontent leading to the September resignation of former chairman and CEO Mark Frissora, then negotiated to choose three members of Hertz board and back the recent hiring of John Tague as CEO.
Icahn now owns a 10.8-percent share of Hertz, which also owns the North American equipment rental industry’s third largest player, Hertz Equipment Rental Corp.
