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Let Amex' Board Pay For The Perks


Readers Report

LET AMEX' BOARD PAY FOR THE PERKS

In "Little sinkhole on the prairie" (Up Front, Dec. 27), I was absolutely shocked to read for how much Harvey Golub stuck the poor unrepresented stockholder of American Express Co. [because the company bought his house and resold it at a loss]. This deal doesn't pass any smell test I have ever heard of. Perhaps it is time for the Internal Revenue Service to take a long, hard look at what companies classify as expenses, and maybe make this great board of directors take personal responsibility for their actions.

John Rosenthal

Chevy Chase, Md.


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