American Express Company 2005 Base Salaries for Named Executive Officers
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Summary
American Express Company’s Compensation and Benefits Committee approved the annual base salaries for its top executive officers, effective January 24, 2005. The agreement lists the 2004 and 2005 base salary amounts for the Chairman and CEO, Group Presidents, Executive Vice President, and Chief Financial Officer. The document outlines the compensation decisions made after reviewing performance and market data, specifying the salary for each named executive officer for both years.
EX-10.37 3 y06418exv10w37.txt DESCRIPTION OF BASE SALARIES EXHIBIT 10.37 BASE SALARIES FOR NAMED EXECUTIVE OFFICERS On January 24, 2005, the Compensation and Benefits Committee (the "Compensation 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 10, 2004) for 2005 and 2004: