Economics
AutoNation Pay Freeze as Company Excels Shows No Inflation: Cars
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Mike Jackson, chief executive officer of AutoNation Inc., says the largest U.S. auto dealer is stronger than ever. What’s not strong in his view is the U.S. economy, and that’s why he’s telling workers they won’t see higher paychecks anytime soon.
“We have a fragile recovery that’s under way, which means if you introduce anything into it that’s disruptive, it’s going to knock it off its pace,” Jackson, 62, said in an Aug. 3 interview, hours before reprising his commentary for local Federal Reserve economists.