American Express Co.'s CEO, Kenneth I. Chenault, reportedly received total compensation of $17.4 million in 2009 as the company grappled with fragile credit markets and the quality of its card loans, and repaid federal aid.
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According to Dow Jones, the amount included a base salary of $1.2 million, a cash bonus of $5.1 million and $5.33 million in cash payments arising from Amex's nonequity incentive compensation, it said in a proxy filing Tuesday with the Securities and Exchange Commission. Chenault made $28.8 million in 2008 and $33.9 million in 2007, the filing said.
