Larry D. De Shon served as the CEO and President of Avis Budget Group from 2015 to 2019. During his time, he led the company through various performance challenges, focusing on aligning executive pay with the company's financial goals. His...
Larry D. De Shon served as the CEO and President of Avis Budget Group from 2015 to 2019. During his time, he led the company through various performance challenges, focusing on aligning executive pay with the company's financial goals. His total compensation peaked at around $16.7 million in 2019, largely due to a significant cash severance and a mix of salary, stock options, and other benefits. Before his departure in 2019, De Shon was with Avis for 13 years, demonstrating a strong commitment to the brand. Interestingly, during his final year at Avis, performance metrics were not met, which affected his bonuses. Following his exit, he entered a consulting arrangement with a substantial payout. His leadership journey reflects both the challenges of corporate performance and the complexities of executive compensation. De Shon remains a noteworthy figure in the car rental industry, known for navigating difficult times, including the impact of market changes on Avis's operational strategy.