AmEx Cuts CEO's Pay 26% to Lowest Since 2008 as Stock Slides

Updated on
  • CEO Ken Chenault awarded $18.5 million for work in 2015
  • AmEx shares tumbled 25% last year as net income fell 12%

Kenneth Chenault.

Photographer: Andrew Harrer/Bloomberg

American Express Co. cut Chief Executive Officer Kenneth Chenault’s pay 26 percent to the lowest level since 2008 after the credit-card lender’s stock and profit slumped last year.

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