AmEx Raises Target Value of CEO's Long-Term Incentive Award
January 25 2019 - 2:26PM
Dow Jones News
By Stephen Nakrosis
American Express Co. (AXP) on Friday said the board's
compensation and benefits committee raised the target value of
annual long-term incentive awards for the company's chairman and
chief executive, Stephen J. Squeri.
The company said the target value has been raised to $12.2
million from $10.2 million. Mr. Squeri's base salary and his annual
cash incentive award target are unchanged.
American Express also said the board committee approved an
increase in the annual base salary of Douglas E. Buckminster, group
president, global consumer services, to $1 million from $900,000
per annum.
He will also be eligible to earn an annual cash incentive award
of $3.7 million and annual long-term incentive awards with a target
value of $4.8 million.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 25, 2019 14:11 ET (19:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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