Agenda: American Express Moves More Toward Fixed Pay

Agenda: American Express Moves More Toward Fixed Pay

March 22 2010

The American Express board has pushed its executive compensation structure more toward fixed pay.

Financial companies over the last year or so have been moving away from the traditional financial services comp design, which includes relatively lower salaries and bonuses that are multiples of salary, says Joseph Sorrentino, a managing director and compensation consultant with Steven Hall & Partners.  This has been driven by general pressure on financial services companies to identify and try to limit any perception of, or potential for, excessive risk, Sorrentino adds.