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CarMax to furlough 15,500, slash exec pay, other costs

Posted on Wed, 08th of Apr, 2020 14:30:58 UTC

The furloughs are effective April 18, and CarMax CEO Bill Nash is forgoing 50 percent of his salary as the used-car retailer moves to preserve cash. About half of the company's 217 U.S. stores are ether closed or operating on a limited basis. ... read news

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