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The Company, together with its consolidated subsidiaries is a global payments, network and travel company which offers its products and services throughout the world.
American Express began dumping their elite charge-card niche in the late 1990s. They've since been quite successful in launcing straight credit cards such as Blue and its clones. They also worked very hard cobranding credit cards with the likes of Delta Airlines, Hilton Hotels, Costco, Safeway, and several second rate sports teams. If you think their cardmember fees put them in a seperate class then you haven't looked hard enough at their exposure. Former CEO Harvey Golub worked hard to maintain brand and customer service. Current CEO Ken Chenault cut all that and works hard to maintain his 92 million dollar golden parachute: one of the largest in the US.
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