Iron Mountain CEO ‘praying for inflation’ because it’s good for business: report

The chief executive of a Boston-based tech firm told investors that he has been “praying for inflation” because it’s good for his business, according to a report.

William Meaney, CEO data storage and management company Iron Mountain, told Wall Street analysts last week that high prices benefit the company’s margins, which is why he has been “doing my inflation dance praying for inflation,” according to audio of the speech obtained by the news site The Intercept.

Meaney told investors on Sept. 20 that raising prices “obviously covers our increased costs,...