American Express Company 2007 Base Salary Approval for Named Executive Officers

Summary

American Express Company’s Compensation and Benefits Committee approved the 2007 annual base salaries for its named executive officers, effective January 22, 2007. The agreement lists the officers, their positions, and their respective base salaries for 2007 and 2006. The document also notes that Gary L. Crittenden resigned effective February 23, 2007. This approval formalizes the compensation structure for the company’s top executives for the year.

EX-10.44 8 y30921exv10w44.htm EX-10.44: DESCRIPTION OF 2007 BASE SALARIES OF NAMED EXECUTIVE OFFICERS EX-10.44

EXHIBIT 10.44

BASE SALARIES FOR NAMED EXECUTIVE OFFICERS

On January 22, 2007, the Compensation and Benefits Committee of the Board of Directors of American Express Company (the “Company”) approved the annual base salaries (effective as of such date) of the Company’s executive officers after a review of performance and competitive market data. The following table sets forth the annual base salary levels of the Company’s Named Executive Officers (which officers were determined by reference to the Company’s proxy statement, dated March 17, 2006) for 2007 and 2006:


Name and Position	Year		Base Salary
Kenneth I. Chenault		2007	$	1,250,000
Chairman and Chief		2006	$	1,100,000
Executive Officer
Gary L. Crittenden (1)		2007	$	675,000
Former Executive Vice President		2006	$	575,000
and Chief Financial Officer; Head, Global Network Services
Edward P. Gilligan		2007	$	725,000
Group President		2006	$	575,000
American Express International and Global Corporate Services
Alfred F. Kelly, Jr.		2007	$	725,000
Group President		2006	$	575,000
Consumer, Small Business and Merchant Services
Louise M. Parent		2007	$	525,000
Executive Vice President		2006	$	500,000
and General Counsel


(1)		Mr. Crittenden resigned from the Company effective February 23, 2007.