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CFOs On the Move: Week Ending May 20
One Concern, LaunchDarkly, Volvo Trucks, Ulteig, Foursquare, Onto Innovation, Truist, Hydrow, Myers Industries, Evolv Technology
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Lauren Muskett
| May 20, 2022
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Kenneth Chenault
Tax
Tax Law Knocks American Express Into the Red
The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.
By
Matthew Heller
| January 19, 2018
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Financial Performance
Rewards Spending Cuts Into AmEx Profit
The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.
By
Matthew Heller
| July 20, 2017
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Financial Performance
AmEx Sales Drop 2% to $7.9B, Beat Estimates
The company has been more aggressively marketing its products and making changes to the Platinum Card to recover from the loss of its Costco partnership.
By
Matthew Heller
| April 19, 2017
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Investor Relations
Activist Investor Takes $1B Position in AmEx
ValueAct Capital is the latest example of activists “moving up the corporate food chain toward larger targets” as their financial firepower increases.
By
Matthew Heller
| August 7, 2015
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