AmEx Paid Chenault $17.4 Million in 2009

Published March 04, 2010, 3:01 p.m. EST

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Updated March 04, 2010, 2:01 p.m. EST

1 Min Read

American Express Co. reportedly awarded its chairman and CEO, Kenneth I. Chenault, compensation totaling $17.4 million last year.

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According to Bloomberg News, the pay package included a $5.13 million cash bonus and $1.2 million salary, AmEx said Wednesday in a filing. Chenault, 58, declined a bonus in 2008, when his compensation totaled $28.8 million, including the value of stock and options awarded in previous years. Chenault's 2010 salary was raised to $2 million, AmEx said Jan. 29.

Chenault's 2009 pay package rivals the compensation of about $18 million that JPMorgan Chase & Co. awarded its CEO Jamie Dimon.

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