Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

American Express CEO Received $28.5 Million in 2012

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/08/2013 | 11:46pm CEST

American Express Co. (>> American Express Company) said Chairman and Chief Executive Ken Chenault received $28.5 million in 2012, an increase of 23.7% over the prior year.

Mr. Chenault's compensation included a base salary of $2 million, a $4 million bonus, stock awards valued at $18.9 million, option awards valued at $2.2 million and other payments, according to the company's annual proxy filed with the Securities and Exchange Commission.

In 2011, Mr. Chenault received $23 million, including $2 million in salary, a $2 million bonus, $15.3 million in stock awards and $2.2 million in option awards.

The calculation was based on the SEC's reporting guidelines for executive compensation, which may reflect awards made in prior years.

By the company's own measure, which shows compensation for 2012 based on decisions made in January 2013, Mr. Chenault received $22 million, down from $24 million a year earlier. About 73% of Mr. Chenault's pay is deferred, the company said.

In determining Mr. Chenault's compensation for 2012, the company said its board's compensation and benefits committee considered the impact of settlements American Express reached last year with the Consumer Financial Protection Bureau and other banking regulators over its card practices.

American Express agreed in October to pay $112.5 million, including $85 million in customer refunds, tied to allegations that it engaged in misleading marketing for rewards programs, inappropriate collections practices and other activities.

The company in January said it had identified additional billings issues that would result in $153 million more in customer refunds.

American Express is the largest credit-card lender based on spending and has enjoyed the lowest loss rates in the industry thanks to its focus on customers who use their cards frequently but pay their balances off in full. It's one of the few credit-card lenders experiencing consistent loan growth, though it's less dependent on revolving loan balances for revenue than its competitors because it generates more of its top line from merchant fees.

The company's revenue increased 5% to $31.58 billion last year while profit fell 9% to $4.48 billion as expenses increased 6% to $23.14 billion. In an effort to broaden its customer base, the company has rolled out prepaid cards, which don't require a credit check, that are sold in stores including Wal-Mart Stores Inc. (>> Wal-Mart Stores, Inc.) and Target Corp. (>> Target Corporation). The company has also struck partnerships with social-media companies like Facebook Inc. (>> Facebook Inc) and Twitter that allow cardholders to receive merchant deals on their websites.

In January, American Express announced plans to lay off 5,400 employees, mainly in its travel-services business, as it repositions the unit to better compete for customers online.

Write to Andrew R. Johnson at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN EXPRESS COMPANY
11:50a AMERICAN EXPRESS : Dubai the top spot for luxury spending by Mideast shoppers
05/22 TWEET WHAT YOU EAT : Diners and Restaurateurs Embrace the “Food Selfie,&rd..
05/19 MASTERCARD : Payment card use sees double-digit global growth in 2016
05/19 AMERICAN EXPRESS : Reports First Quarter EPS of $1.34
05/18 AMERICAN EXPRESS : The National Center on Addiction and Substance Abuse 25th Ann..
05/18 AMERICAN EXPRESS : Chief Executive Officer to Participate in the Bernstein Strat..
05/18 MASTERCARD : Spending topped $20 Trillion on AmEx, Diners Club/Discover, JCB, Ma..
05/18 AMERICAN EXPRESS : Kevin Carey appointed as EVP, Chief Operating Officer of AHLA
05/17 AMERICAN EXPRESS : Optimism Trends Upward and Growth is Top Priority, Says Ameri..
05/17 AMERICAN EXPRESS : MAG USA`s Escape Lounge Now Offers Complimentary Access to Am..
More news
Sector news : Consumer Credit Card Services
05/08DJBank of America Pays Peanuts for Deposits, but the Money Keeps Flowing In
05/04DJSqueeze on Car Loans Deepens Sales Drop -- WSJ
05/03DJBanks Pull Back on Car Loans as Used-Auto Prices Plummet
04/27 Goldman hopes high rates will lure consumers to online bank
04/25DJCAPITAL ONE FINANCIAL : Earnings Fall as Charge-Offs Increase
More sector news : Consumer Credit Card Services
News from SeekingAlpha
05/23 Cloud Computing Does Not Need Help From Washington - Cramer's Mad Money (5/22..
05/22 Buy Visa For Growth
05/22 Tracking Tweedy Browne Portfolio - Q1 2017 Update
05/19 "Subprime problem" for credit card sector - Wells Fargo downgrade
05/19 Berkshire requests boosted cap on AmEx ownership
Advertisement
Financials ($)
Sales 2017 32 740 M
EBIT 2017 9 708 M
Net income 2017 5 074 M
Debt 2017 -
Yield 2017 1,72%
P/E ratio 2017 13,58
P/E ratio 2018 12,30
Capi. / Sales 2017 2,11x
Capi. / Sales 2018 2,01x
Capitalization 69 000 M
More Financials
Chart AMERICAN EXPRESS COMPANY
Duration : Period :
American Express Company Technical Analysis Chart | AXP | US0258161092 | 4-Traders
Full-screen chart
Technical analysis trends AMERICAN EXPRESS ...
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 83,0 $
Spread / Average Target 7,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kenneth Irvine Chenault Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive Vice President
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Ursula M. Burns Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN EXPRESS COMPA..3.91%68 803
CAPITAL ONE FINANCIAL ..-7.91%38 459
BLACKHAWK NETWORK HOLD..14.80%2 425
GREEN DOT CORPORATION52.57%1 788
POCKET CARD CO LTD20.82%480
CPI CARD GROUP INC-46.99%125
More Results