NEW YORK (AP) - The chief executive of American Express Co. received a pay package worth nearly $43 million in 2008, although much of that consists of stock and option awards currently of little value given the sharp decline in the credit card company's stock price.
CEO Kenneth I. Chenault also declined to accept a 2008 cash bonus, though four other top executives received 2008 bonuses totaling more than $10 million, according to a regulatory filing Tuesday.
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