American Express posted Q3 results that beat the Street on growth in its lending and card businesses. But the numbers were possibly overshadowed by news that the company’s CEO, Kenneth Chenault, is retiring — to be succeeded by Stephen Squeri, who has served at the...
American Express will be spending money to (hopefully) make money. At the company’s annual investor day on Monday (May 2), Chief Executive Officer Ken Chenault said that the credit card giant would be devoting more money to efforts to acquire more cardholders and also strike...
“Is the American Express business model fundamentally broken? I can tell you with complete confidence: That answer here is no.” So said company Chief Executive Officer Ken Chenault during the firm’s investor day on Thursday (March 10). But in an acknowledgement of the competitive landscape...
The payments giant delivered mixed results for the fourth quarter and somber guidance. It’s cutting expenses by $1 billion over the next two years, but will that be enough?
October 30, 2017
Kenneth Chenault, the long-running chief executive at American Express, stands to have made more than $370 million during his years at the helm. According to a report in the Financial Times, citing data provided to the newspaper by Equilar, the pay consultancy firm, the longest-running CEO for a Dow Jones Industrial Average company will pocket […]
October 19, 2017
American Express posted Q3 results that beat the Street on growth in its lending and card businesses. But the numbers were possibly overshadowed by news that the company’s CEO, Kenneth...
May 03, 2016
American Express will be spending money to (hopefully) make money. At the company’s annual investor day on Monday (May 2), Chief Executive Officer Ken Chenault said that the credit card...
March 11, 2016
“Is the American Express business model fundamentally broken? I can tell you with complete confidence: That answer here is no.” So said company Chief Executive Officer Ken Chenault during the...
