Dollar Thrifty Employees Receive Profit Sharing

TULSA, Okla. -- Dollar Thrifty Automotive Group Inc. (DTG) on Valentine's Day distributed more than $15 million in profit-sharing and incentive compensation bonuses. Approximately $6.6 million was awarded to employees based in Oklahoma.

In addition to the more than 1,150 employees based at the Tulsa headquarters, the company employs approximately 250 workers at reservation centers in Tahlequah and Okmulgee.

"Last year was another challenging year for the travel industry. However, our company achieved impressive results," said Joseph E. Cappy, chairman, CEO and president of the company. "Knowing our business was facing dramatic and uncertain market conditions, we began 2002 by asking our employees to initiate critical cost-saving measures. We also challenged them to reach some very aggressive annual profit targets. These employees adjusted on the fly, worked together as a team and exceeded our objectives. Presenting our employees with these bonuses is an opportunity to say thank you for an exceptional job."

Cappy noted that bonus checks were distributed to employees, including part-timers, who have been with the company at least five months. "It is particularly impressive to note that our U.S. field management employees achieved the maximum payout of $5.1 million," Cappy said. "These field managers did a phenomenal job in picking up the pieces after the Sept. 11 tragedy."

Nearly $4.2 million went to employees who are not at the management level.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.