Thursday, March 19, 2009

American Express jettisoning customers ???

Chief Executive Officer Kenneth Chenault is shedding customers after efforts to expand backfired, and the company’s stock declined by more than two-thirds in 12 months. The firm is paying some cardholders $300 each to close accounts so the lender can reduce the risk of default as the recession deepens.

Darn, I meant to sign up for those puppies!

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