American Express paid CEO $27.3 million in 2008

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Source: MarketWatch.com

NEW YORK -- Financial-services firm American Express Co. said Monday that it paid Chief Executive Ken Chenault $27.3 million in 2008.

The compensation package included a base salary of $1.25 million and no cash bonus. Chenault also received $10.2 million of stock awards and $$7.9 million of stock-option awards.

In a filing with the Securities and Exchange Commission, American Express also disclosed that it paid Chenault $6.1 million in nonequity incentive pay, $640,711 for change in pension value and $1.2 million in "other compensation."

Other compensation included perquisites totaling $874,047, which included $134,2999 in "local travel benefits" and $414,702 for personal-aircraft use.

Read more: http://www.marketwatch.com/news/story/American-Express-paid-CEO-273/story.aspx?guid={1E90E25F-DE7C-46DD-AC74-BB16EFE7AAC4}

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And who can forget this little gem from back in December...

American Express Will Get $3.39 Billion in TARP Funds

(Bloomberg) -- American Express Co., the credit- card company that’s converting into a bank, will get $3.39 billion of fresh capital from the U.S. rescue fund to ensure its survival as the recession heads into a second year.

Link:
http://www.bloomberg.com/apps/news?pid=20601087&sid=afjV5RFxHw1s&refer=home