Michael Manley has been the CEO of AutoNation since November 2021. With a strong background in the automotive industry, he brings valuable experience to the company. Under his leadership, AutoNation has seen significant performance targets, focusing on adjusted operating income...
Michael Manley has been the CEO of AutoNation since November 2021. With a strong background in the automotive industry, he brings valuable experience to the company. Under his leadership, AutoNation has seen significant performance targets, focusing on adjusted operating income per share that aims for higher profits each year. In 2023, he earned $1.45 million in total compensation, primarily from a $1.3 million salary. He received no bonuses that year but his performance-based incentives tie into the company’s financial success, aligning his goals with those of the shareholders. Manley has also been active in managing his investments, selling stocks worth millions periodically, with peaks around $11.6 million recently. His stock holdings are significant, indicating confidence in the company’s future. He’s required to own multiple times his salary in company stock, showing his commitment to AutoNation. Manley’s embark on using corporate resources reflects strategic decision-making to maximize his productivity and leadership at AutoNation, as he is compensated with perks like vehicle allowances and corporate aircraft usage.