Chief Executive Mike Jackson, who stood out in the tight-lipped auto industry for his outspoken personality and willingness to challenge auto makers publicly, will step down in 2019 after leading the U.S.’s largest dealership chain for nearly two decades.
Mr. Jackson, 69 years old, will stay on as executive chairman, and AutoNation’s board will conduct a search for a new CEO.
A New Jersey native who got his start fixing cars at a Mercedes dealership, Mr. Jackson is known in the industry for his bluntness. A frequent commentator on CNBC, his outspokenness has served as a contrast to most auto executives, who tend to steer clear of controversy.
As CEO, Mr. Jackson slimmed down operations, added more imported and luxury brands and led AutoNation’s push into the digital era. The company’s stock price has more than quadrupled since he took over in October 1999. The shares closed at $43.09 Tuesday, giving AutoNation a market capitalization of nearly $4 billion.
“I’m very proud of what we’ve built here,” Mr. Jackson said in an interview. “Next year, I’m 70 years old, and with 20 years as CEO, it’s a good time to hand the baton to the next CEO. I’m kicking myself upstairs.”
His transition comes as U.S. auto sales are starting to cool, following a seven-year growth streak that lifted profits for both car makers and dealers.
AutoNation, with more than 325 locations coast-to-coast, is in the midst of expanding its business beyond traditional new-car sales, aiming to reduce its dependence on auto companies for profits.
In 2017, the dealership chain opened its first stand-alone used-car center, AutoNation USA, aiming to build a chain of preowned stores to compete with CarMax Inc. The company has also launched a line of AutoNation-branded car parts, auctions and collision centers, and has joined with Alphabet Inc.’s driverless car unit Waymo LLC to service robo-vans that are being tested in Arizona and California.
Mr. Jackson, who grew up in a large Irish-American family, quickly rose through the auto retailing ranks, eventually owning his own Mercedes dealership and later joining the German luxury brand to run sales and marketing in the U.S. By 1992, he was president of Mercedes’s U.S. operations.
AutoNation hired Mr. Jackson in 1999 to revive the company’s stock price and boost its credibility with Wall Street. In the next few years, he sold underperforming dealerships, shut the retailer’s chain of used-car megastores and expanded its offerings from mostly domestic brands to include imports such as Toyota, BMW and Mercedes. Mr. Jackson was an early proponent of the dealership chain having a strong digital presence as more buyers migrated to the internet to do their car shopping.
Over the years, Mr. Jackson developed a reputation for speaking his mind, even if his views weren’t always popular with his colleagues.
He has been pointed in his criticisms of President Trump, citing his ascent to the White House as a reason he quit the Republican Party. Mr. Jackson also has come out in favor of higher gasoline prices, arguing they are needed to spur innovation on fuel-saving technologies, such as hybrids and electric cars.
In the years leading up to the 2008 economic crisis, Mr. Jackson criticized U.S. car makers for overbuilding their inventory and then using steep discounts to move cars off dealer lots, a practice that erodes profits and damages a brand’s image. More recently, he has chided car manufacturers for inciting a pricing war that has hurt dealer businesses.
Mr. Jackson said he feels it is his duty to speak out on behalf of consumers and dealers who otherwise wouldn’t have a voice in the auto industry. It is a role he intends to maintain as executive chairman.
“That came from my father, who said ‘Mike, always do the right thing,’” Mr. Jackson said. “’If you always do the right thing, at the end of the day they will respect you, and respect is more important than likability.’”
Web & Domain Protection Software Market SWOT Analysis by Key Players: Leaseweb, Namecheap, SiteLock, Verisign, Sucuri
The Latest research study released by HTF MI “Global Web & Domain Protection Software Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. The research study provides estimates for Global Web & Domain Protection Software market Forecasted till 2025*. Some of the Major Companies covered in this Research are ZeroFOX, Comodo, Domain.com, GoDaddy, Register.com, Leaseweb, Namecheap, SiteLock, Verisign, Sucuri, Cloudflare, Pointer Brand Protection, Sasahost, WebARX, AppRiver, Rebel.com
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Browse market information, tables and figures extent in-depth TOC on “Web & Domain Protection Software Market by Application (Large Enterprises & Small and Medium-sized Enterprises (SMEs)), by Product Type (, Cloud-Based & On-Premise), Business scope, Manufacturing and Outlook – Estimate to 2025”.
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On the basis of report- titled segments and sub-segment of the market are highlighted below:
Global Web & Domain Protection Software Market By Application/End-User (Value and Volume from 2019 to 2025) : Large Enterprises & Small and Medium-sized Enterprises (SMEs)
Market By Type (Value and Volume from 2019 to 2025) : , Cloud-Based & On-Premise
Global Web & Domain Protection Software Market by Key Players: ZeroFOX, Comodo, Domain.com, GoDaddy, Register.com, Leaseweb, Namecheap, SiteLock, Verisign, Sucuri, Cloudflare, Pointer Brand Protection, Sasahost, WebARX, AppRiver, Rebel.com
Geographically, this report is segmented into some key Regions, with manufacture, depletion, revenue (million USD), and market share and growth rate of Web & Domain Protection Software in these regions, from 2012 to 2022 (forecast), covering China, USA, Europe, Japan, Korea, India, Southeast Asia & South America and its Share (%) and CAGR for the forecasted period 2019 to 2025.
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Some of the important question for stakeholders and business professional for expanding their position in the Global Web & Domain Protection Software Market :
Q 1. Which Region offers the most rewarding open doors for the market in 2019?
Q 2. What are the business threats and variable scenario concerning the market?
Q 3. What are probably the most encouraging, high-development scenarios for Web & Domain Protection Software movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Web & Domain Protection Software Market in 2019 and beyond?
Q 5. Who are the significant players confronting and developing in Web & Domain Protection Software Market?
For More Information Read Table of Content @: https://www.htfmarketreport.com/reports/1585651-global-web-domain-protection-software-market
Key poles of the TOC:
Chapter 1 Global Web & Domain Protection Software Market Business Overview
Chapter 2 Major Breakdown by Type [, Cloud-Based & On-Premise]
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
BY SYLVIA SANCHEZ
Bombastic barrister Michael Avenatti facing new indictment for Nike ‘shakedown’
Prosecutors slapped trash-talking attorney Michael Avenatti with a new charge Wednesday for his alleged shakedown of Nike while also reducing the legal risk for celeb lawyer Mark Geragos, who is implicated in the case.
The new indictment filed in Manhattan Federal Court eliminated conspiracy charges against Avenatti, who is accused of attempting to extort the shoe giant for more than $20 million or he’d go public with claims the company secretly paid college basketball prospects.
Avenatti and Geragos were representing Gary Franklin Sr., a prominent figure in the youth basketball world, when prosecutors say Avenatti crossed the line from legal advocate to criminal.
A conspiracy charge requires an agreement with a second person, raising the possibility that Geragos was the other person involved in the alleged extortion plot. But in the new indictment, prosecutors replaced two conspiracy charges with an honest services fraud charge against Avenatti. The evidence in the case remains the same.
“I’ll go take $10 billion off your client’s market cap… I’m not f—–g around,” Avenatti told Nike lawyers on March 20, according to a criminal complaint.
Avenatti, 48, demanded Nike hire him and Geragos to conduct an internal investigation paying up to $25 million, the complaint reads.
Avenatti has pleaded not guilty and said he’s the victim of “vindictive prosecution” due to his criticism of President Trump. As part of his defense, Avenatti seeks to introduce evidence of Nike payments to college basketball players.
Geragos, a Los Angeles-based attorney who has represented celebrities including Winona Ryder, Kesha, Colin Kaepernick and Michael Jackson, did not respond to an email. He has not been charged.
“I am extremely pleased that the two counts alleging I engaged in a conspiracy against Nike have just been dismissed by Trump’s DOJ. I expect to be fully exonerated when it is all said and done,” Avenatti tweeted.
A trial is set for January.
Avenatti is separately charged in Manhattan with stealing $300,000 from a book deal made by his former client, porn star Stormy Daniels, who claims to have had an affair with Trump. Avenatti became famous in large part through his aggressive representation of Daniels.
By STEPHEN REX BROWN
Elon Musk picks Berlin for Tesla’s Europe Gigafactory
Elon Musk said Tuesday during an awards ceremony in Germany that Tesla’s European gigafactory will be built in the Berlin area.
Musk was on stage to receive a Golden Steering Wheel Award given by BILD.
“There’s not enough time tonight to tell all the details,” Musk said during an on stage interview with Volkswagen Group CEO Herbert Diess. “But it’s in the Berlin area, and it’s near the new airport.”
Tesla is also going to create an engineering and design center in Berlin because “I think Berlin has some of the best art in the world,” Musk said.
Musk took to Twitter after the ceremony and provided a bit more detail, including that this factory will build batteries, powertrains and vehicles, beginning with the Model Y.
Will build batteries, powertrains & vehicles, starting with Model Y
— Elon Musk (@elonmusk) November 12, 2019
Diess thanked Musk while on stage for “pushing us” towards electrification. Diess later said that Musk and Telsa is demonstrating that moving towards electrification works.
“I don’t think Germany is that far behind,” Musk said when asked about why German automakers were behind in electric vehicles. He later added that some of the best cars in the world are made in Germany.
“Everyone knows that German engineering is outstanding and that’s part of the reason we’re locating our gigafactory Europe in Germany,” Musk said.
By Kirsten Korosec
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