On Air Now

Listen

Listen Live Now » 103.7 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
68° Feels Like: 68°
Wind: SSE 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy 75°

Tonight

Isolated Thunderstorms 62°

Tomorrow

Isolated Thunderstorms 83°

Alerts

American Express CEO made $28.5 million in 2012

Chairman and CEO of American Express Company Kenneth Chenault speaks to the Council on Foreign Relations in New York December 6, 2011. REUTE
Chairman and CEO of American Express Company Kenneth Chenault speaks to the Council on Foreign Relations in New York December 6, 2011. REUTE

(Reuters) - 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 of about 24 percent over the previous year,

Chenault's base salary was $2 million, according to a proxy filed with the Securities and Exchange Commission on Friday. His bonus was $4 million, while stock awards accounted for about $18.9 million and options awards total led about $2.2 million. (http://link.reuters.com/vur56t)

In January, American Express said it would cut about 5,400 jobs, or 8.5 percent of its workforce, to restructure its business and pay legal bills.

(Reporting By Vrinda Manocha in Bangalore; Editing by Gary Hill)

Comments