Friday, December 17, 2004

AmEx Cutting 2,000 Jobs

American Express Co. announced it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes [Link].

Salary watch: Chief Executive Kenneth Chenault's compensation in 2002 was almost $14.5 million [Link]. Think he's taking a pay cut?

A related site of interest is found here.

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