American Express CEO Receives $17.4 million In Compensation (AMEX)
Posted in: News, Management
Kenneth I. Chenault, Chief Executive Officer of American Express (NYSE:AMEX), received total compensation worth $17.4 million in 2009. This amount includes a base salary of $1.2 million, a cash bonus worth $5.1 million and $5.33 million in nonequity incentive compensation. This sum is considerably lower than the previous year’s figure of $28.8 million.
American Express (AMEX) had earlier announced a hike in base salary for its CEO. The Chief Executive Officer’s salary has been increased to $2 million, with effect from February 1. However, the cash bonus component of the compensation mix has been reduced. American Express repaid $3.4 billion it received as part of the Troubled Asset Relief Program in June last year.
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