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- Stock symbol: AXP (NYSE)
- Also known as: AmEx
- Annual revenue (2007): $31.557 billion
- Founders: Henry Wells, William Fargo, John Butterfield
- Year established: 1850
- Industry: Finance
- Phone: (212) 640-2000
- Toll free phone: (800) 528-4800
- HQ: New York, NY
- President: Al Kelly Jr.
- Chairman/CEO: Ken Chenault
- Staff (2007): 67,700
- American Express announced layoffs of 7,000 on October 30, 2008MarketWatch: American Express Announces Reengineering Plan to Generate.... (October 30, 2008)
- Announced layoffs of 4,000 workers, or 6% of their workforce, in May 2009MarketWatch: AmEx to cut 4,000 more jobs, reduce spending (May 18, 2009)
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American Express provides credit cards, travelers cheques, charge cards and other financial services. American Express' well-known slogan, "Don't Leave Home Without It", has been part of American pop culture since 1975.
In May 2009, American Express announced that they will be cutting nearly 6 percent of their workforce, or more than 4,000 jobs. The cuts will save approximately $175 million in 2009 alone. American Express also plans to reduce expenses by lower spending on marketing and business development and by cutting expenses for travel, general overhead, consulting and other services.MarketWatch: AmEx to cut 4,000 more jobs, reduce spending (May 18, 2009)
Key Dates
- 1850: Founded as an express delivery company
- 1882: Begin issuing money orders
- 1891: Creates travelers cheques
- 1895: First European branch
- 1914: Becomes delivery service to British POWs in Germany
- 1950: Over 170 branches worldwide employing 5,500 workers
- 1958: First American Express charge card
- 1966: American Express Gold Card
- 1986: Earnings break $1 billion
- 2006: Ranked 34th most desirable company to work for by CNN
- 2008: Ranked the 75th in Fortune 500
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American Express on Amazon
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Vendetta: American Express and the Smearing of Edmond Safra - $5.99
The author of Barbarians at the Gate uncovers the secret operation involving spies, private eyes, double agents, and dragon ladies that American Express put into motion ...Amazon
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The American Express - $13.95
Beat poet Corso's only novel. Inspired by his days in Europe, anxiously waiting for royalty checks and advances that were slow to appear, this freewheeling and farcical tale is ...Amazon
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American Express Gift Cards $50
American Express Gift Cards are the perfect gift for birthdays, weddings, anniversaries, holidays, and other gift-giving occasions. The American Express ® Gift Card is an easy and ...Amazon
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1951 Vintage Ad American Express Travelers Cheques (39877-0005) - $7.99
Print ads make great gifts. Frame them to make them uniquely yours. This ad will be shipped flat with a white acid free backing board sealed in a protective plastic sleeve. Package...Amazon
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American Express Questions
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How do I get an Amex Black Card? 2 AnswersGetting an Amex Black Card is by invitation only, prospective members must have spent a minimum of $250,000 on your American Express card over a 12 month period... read more -
Bank : What was American Express Credit Card Write-Offs in 2008? 2 AnswersAmerican Express reported $8 billion in write-offs on their 8k for 2008. (7.5% of 32.6 billion category A cards, and 7.3% of $62.4 billion of category B cards).... read more -
Bank : How much did American Express collect in penalty fees in 2008? 4 AnswersPer Footnote 23 (page 112) of the American Express 2008 10-k filing with the SEC, American Express recorded $852,000 in delinquincy fees for the year ended Dece... read more
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On Twitter Powered by Twitter
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RT @OffersDOTcom is giving away $50 American Express Gift Cards for the 12 days of Christmas! How to win http://www.offers.com/geps
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American Express Zync: Will Young Adults Want a Charge Card? - http://bit.ly/4BtfSm
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American Express Scams Small Biz at Floral Design by Yukiko: blog2 - http://neibert.com/blog2/category/american-express/ #smallbiz
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--@She_Scribes win an Amex American Express Gift Card http://shescribes.blogspot.com/2009/12/happy-holidays-from-american-express-50.html?
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RT @OffersDOTcom is giving away $50 American Express Gift Cards for the 12 days of Christmas! How to win: http://www.offers.com/geps
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