Kenneth Chenault
From Wikipedia, the free encyclopedia
| Kenneth Chenault | |
| Born | Kenneth Irvine Chenault. June 2, 1951 Long Island, New York, USA |
|---|---|
| Nationality |  American |
| Alma mater | Bowdoin College Harvard Law School |
| Occupation | Businessman Chairman & CEO of American Express (2000-) |
| Predecessor | Harvey Golub |
Kenneth Irvine Chenault (born Long Island, June 2, 1951;[1] French pronunciation: [ʃeno]) has been the CEO and Chairman of American Express since 2001.[2][3] He is the third African-American CEO of a Fortune 500 company.
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[edit] Early Life and Career
Chenault grew up on Long Island as the son of a dentist and dental hygienist.[4] He attended the alternative Waldorf School of Garden City,[5] where he served as senior class president.[6] He then received a B.A. in History from Bowdoin College in 1973, and a Juris Doctor from Harvard Law School in 1976.[1] After Harvard he worked as an associate with the law firm Rogers & Wells in New York City, and as a consultant for Bain & Company.[1]
[edit] CEO of American Express
He joined American Express in 1981, working in strategic planning.[7] He became President and Chief Operating Officer in 1997.[7] When he became CEO of American Express in 2001, he was just the third black CEO of a Fortune 500 company in history.
While CEO of American Express in 2007, Kenneth I. Chenault earned a total compensation of $50,126,585, which included a base salary of $1,238,461, a cash bonus of $6,500,000, stocks granted of $8,069,198, and options granted of $33,244,013.[8] In 2008, he earned a total compensation of $42,752,461, which included a base salary of $1,250,000, a cash bonus of $6,112,500, stocks granted of $9,524,931, and options granted of $24,656,788.[9]
He is currently co-chair of the Business Roundtable,[10] a director at IBM,[3][7] and a member at the Council of Foreign Relations.[11] In 1995, Ebony listed him as one of 50 "living pioneers" in the African-American community.[12] Mr. Chenault was inducted into the Junior Achievement U.S. Business Hall of Fame in 2002. In 2008, he gave the commencement address at Howard University.[13]
[edit] References
- ^ a b c "Kenneth Chenault: Corporate CEO". CNN. February 2002. http://www.cnn.com/SPECIALS/2002/black.history/stories/08.chenault/. Retrieved on 2007-05-11.
- ^ "Board of Directors and Executive Officers". American Express. http://ir.americanexpress.com/phoenix.zhtml?c=64467&p=irol-govManage. Retrieved on 2007-05-11.
- ^ a b "Kenneth I Chenault profile". Forbes. http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=935397. Retrieved on 2007-05-11.
- ^ http://www.biography.com/search/article.do?id=37719
- ^ "Ken Chenault: The Rise of a Star" Business Week Dec. 21, 1998
- ^ http://www.biography.com/search/article.do?id=37719
- ^ a b c Bianco, Anthony (December 21 1998). "KEN CHENAULT: THE RISE OF A STAR". Business Week. http://www.businessweek.com/1998/51/b3609001.htm. Retrieved on 2007-05-11.
- ^ 2007 CEO Compensation for Kenneth I. Chenault, Equilar.com
- ^ 2008 CEO Compensation for Kenneth I. Chenault, Equilar.com
- ^ "About us: Officers". Business Roundtable. http://www.businessroundtable.org//aboutUs/officers.aspx. Retrieved on 2007-05-11.
- ^ See for example the transcript of a luncheon over which he presided: "New Realities in the Media Age: A Conversation with Donald Rumsfeld". Council on Foreign Relations. February 17, 2006. http://www.cfr.org/publication/9900/new_realities_in_the_media_age.html. Retrieved on 2007-05-11.
- ^ "50 who changed America - influential African Americans". Ebony. November 1995. http://findarticles.com/p/articles/mi_m1077/is_n1_v51/ai_17531062. Retrieved on 2007-05-11.
- ^ Commencement Speech at Howard University
| Business positions | ||
|---|---|---|
| Preceded by Harvey Golub |
CEO of American Express 2001–present |
Succeeded by Incumbent |
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