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American Express Company Message Board

  • bottomfisher2012 bottomfisher2012 Mar 25, 2014 3:37 PM Flag

    Executive Pay Ridiculous at $60 Million

    Small dividends and super sized executive pay go together to make this a poor investment for now.
    Service is not what it used to be as fewer workers and automation are the rule with high executive pay. I expect to cancel my American Express Cards this year as the benefits of having them are not worth the extra expense. Some competitors will give me better benefits and some cards are free. Chase has several card choices to replace the card. Also, there are a lot of cards that reward you for signing up. I expect that part of my annual fee goes to pay this outrageous executive pay. Last year they did not even send me my new club card to save money. So cheap but the fee was $65 last year.

    Another thing is the savings accounts used to pay close to 1.00% and has been reduced to 0.80%. GE Capital has a similar savings account that pays 0.90%. So, I would consider closing the savings account and replacing it with an GE or other higher paying account for those with savings.

    Last on the list for AXP is the high share price. Expect the executives to sell some to pocket cash. Although some rating services have this as a buy, beware as they sometimes seem to be part of a pump and dump operation. It has been a good momentum stock until the recently, but it might be losing momentum as it loses customers.

    Sentiment: Sell

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