Reopening economy involves “two truths” of health risk and financial pain: Ford CEO

Tension over how to reopen the U.S. economy amid the coronavirus outbreak has embroiled the nation in recent days, as President Donald Trump has differed publicly with the nation’s top infectious-disease expert, Dr. Anthony S. Fauci, over how to weigh public health risks against economic pain.

Jim Hackett, the president and CEO of Ford Motor Company (F), advocated on Thursday for a middle ground, telling Yahoo Finance that workplace safety must remain a priority while warning that a prolonged economic shutdown could cause more damage than the virus.

“There are two truths here and they’re in competition,” says Hackett, whose company will begin reopening North American auto plants on Monday. “It’s one of the biggest paradoxes.”

“One is we’ve got to have safe work environments, and the other is if we keep the economy turned off we’re going to have a fate worse than some of the things that

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