KENNETH I. CHENAULT
He is the Chairman and Chief Executive Officer American Express, a global services, payments, and travel company. He is the third African-American CEO of a Fortune 500 firm. He joined the company in 1981 as Director of Strategic Planning and held several key managerial positions in the company. He became the Chief Operating Officer in 1997, and Chair and CEO in 2001. His notable contribution to the company was he helped in boosting the company’s market share by expanding its customer base.
Before working for the company, he first worked in Rogers & Wells as an associate and in Bain & Company as a consultant.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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