March 7, 2016Blog Posts

American Express CEO Chenault On Thin Ice, Company Possibly in Play

Fox Business

American Express (AXP) may be an acquisition target as investors lose faith in longtime CEO Kenneth Chenault. Sources at AmEx tell the FOX Business Network that Chenault’s increasingly tense relations with the company’s board -and possible departure–is now fueling speculation among bankers that the company may seek a deal with an outside suitor that would settle the succession issue and give a boost to the company’s sagging stock, which has lost 27% over the past year.

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