Sizzle Alexa: Users are spending more, and they seem to like doing it, as evidenced by stickiness. A new study reports that Amazon Echo users are boosting their buying by double-digit percentages depending on the goods. Diapers are a hot seller, up 13.5 percent in the third quarter...
During his last investor conference as head of American Express, Ken Chenault warned that a mistake many lenders made a decade ago could leave them on the sidelines of the payments industry. According to a Bloomberg news report, Chenault spoke on Tuesday (Dec. 5) about...
While any one big piece of bad news in a single week can be enough to knock a big-name brand into fizzle territory, American Express had the misfortune of being hit by something of a one-two punch. This week, we learned that long-time CEO Ken...
American Express CEO Ken Chenault said last week that he would like to see more growth in the economy, but overall he is happy with the company’s performance, saying its first quarter was “very, very good.” “At the end of the day, we feel good...
April 20, 2017
With Costco increasingly in the rearview mirror, American Express hurdled Street estimates, as members spent more both here and abroad.
January 18, 2018
Facebook has appointed Kenneth Chenault, exiting American Express chief executive officer, to its board of directors. In a Facebook post, Mark Zuckerberg, CEO of the world’s biggest social media network, said he had been trying to recruit Chenault for years given his “unique expertise” in areas in which Facebook needs to improve and learn more. Zuckerberg […]
December 06, 2017
During his last investor conference as head of American Express, Ken Chenault warned that a mistake many lenders made a decade ago could leave them on the sidelines of the...
May 09, 2017
American Express CEO Ken Chenault said last week that he would like to see more growth in the economy, but overall he is happy with the company’s performance, saying its...
June 25, 2015
The unexpected death of American Express President Ed Gilligan late last month continues to reverberate at the company, most recently in the form of the realignment of several positions at...