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Kenneth Chenault

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American Express Chief Financial Officer to Step Down

American Express Co. (AXP) Chief Financial Officer Daniel Henry plans to step down later this year, marking the latest management change for the credit-card company.Mr. Henry, who turns 64 this year, will help in the company's external search for a new CFO, which is expected to take a couple of months, according to a letter sent Tuesday to employees from Chairman and Chief Executive Kenneth Chenault.He will continue to serve in the position until a successor is in place.Mr. Henry, who joined American Express in 1990 from accounting firm Ernst & Young, has been discussing his plans for the "next chapter of his personal and professional life," Mr. Chenault said. "With our business, balance sheet and 2013 plans in strong shape, we decided that now was the right time to begin the transition."American Express, the largest credit-card lender based on spending, has announced other management changes in recent weeks, including the promotion last month of vice chairman Edward Gilligan to presid...

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  1. American Express CEO made $28.5 million in 2012

    Credit card company American Express Co chief executive Kenneth Chenault received a total payout of about $28.5 million in 2012, according to a filing, an increase o...

  2. Investors Question Price of Plastic as Card Issuers Face Strain

    Credit-card lenders are losing their luster with investors amid the slow economic recovery, intense competition for borrowers and weakened performance from some play...

  3. AmEx Earnings Down 47% On Charges

    American Express (NYSE:AXP) said Thursday its quarterly earnings fell 47% from a year ago on a handful on one-time charges.For the fourth quarter ended Dec. 31, 2012...

  4. AmEx to Cut 5,400 Jobs in Restructuring

    American Express (NYSE:AXP) announced plans late Thursday to cut 4% to 6% of its workforce in 2013, or about 5,400 jobs, as part of a larger overhaul.The company rec...

  5. AmEx CEO Chenault Eyed as Geithner Successor

    In a move that could help improve the White House's rocky relationship with the business world, President Obama is exploring hiring long-time American Express (NYSE:...

  6. White House lists two dozen leaders to meet with Obama on deficit

    Two dozen business, labor and civic leaders, including the chief executives of major U.S. corporations such as Ford, IBM and Wal-Mart, will meet President Barack Oba...

  7. American Express Profit Up 1.2%

    American Express Co.'s (AXP) third-quarter earnings rose 1.2% as revenue improved due to an increase in customer card spending and higher net interest income.America...

  8. American Express thrid-quarter profit rises marginally

    American Express Co's third-quarter profit rose only marginally as cardmember spending growth remained muted for the second quarter in a row.The company earned $1.25...

  9. AmEx Discloses Mixed 3Q Results

    American Express (NYSE:AXP) posted an in-line 1% increase in third-quarter earnings on Wednesday, but the card giant's revenue grew slightly less than Wall Street ha...

  10. Procter & Gamble CEO defends plan at staid shareholder meeting

    Procter & Gamble Co's CEO stood behind the company's plan for increasing profit and sales at a drama-free annual meeting notable for the absence of William Ackman, t...

  11. American Express, Discover Lead Again in Card Satisfaction Survey

    It's not exactly love, but American consumers appear to be developing growing affection for -- or maybe it's just growing toleration of -- their credit card companie...

  12. Visa, MasterCard Settlement Won't Change Swipe Fee Structure for Retailers

    Visa , MasterCard, and a coalition of member banks signed a memorandum of understanding to end a seven year legal battle over credit card processing fees. The defend...

  1. American Express CFO Daniel Henry to Retire

    American Express Co (NYSE:AXP) said Chief Financial Officer Daniel Henry will retire as soon as a replacement is found, a process that could take "a couple of months...

  2. American Express CFO Daniel Henry to retire

    American Express Co said Chief Financial Officer Daniel Henry will retire as soon as a replacement is found, a process that could take "a couple of months.""With our...

  3. Buffett Managers Score Big Payday

    Warren Buffett told investors in March he "hit the jackpot" hiring two former hedge-fund managers to help run Berkshire Hathaway Inc.'s investing business.Todd Combs...

  4. American Express Shareholders Reject Proposal to Split Chairman, CEO Roles

    American Express Co. (AXP) shareholders on Monday rejected a proposal to separate the roles of chairman and chief executive held by Kenneth Chenault.Investors voted ...

  5. American Express Shareholder Proposal Fails

    American Express Co. (AXP) shareholders voted against a proposal calling for the company's chairman to be an independent director at the credit-card company's annual...

  6. American Express Logs Mixed 1Q Results

    American Express (NYSE:AXP) unveiled a stronger-than-expected 2% rise in first-quarter profits on Wednesday despite a "slow growth economy," but the card giant's rev...

  7. American Express Adds Checks, FDIC Insurance to Bluebird Product

    American Express Co. (AXP) is adding paper checks and deposit insurance to the Bluebird prepaid card it debuted last year with Wal-Mart Stores Inc. (WMT) as it faces...

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