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

1. Bill Ackman increases stake in Hertz to 19.8%, becoming second-largest shareholder. 2. Hertz shares rose over 100% this week, closing at $8.24. 3. CEO Gil West expresses confidence in Hertz's core business and future potential. 4. The company has faced significant losses since pivoting to electric vehicles. 5. 2024 fourth-quarter report indicated a $2.9 billion loss for Hertz.