While American Express is being investigated by the US Dept. of Justice regarding its surcharge practices, it’s still seeking around $3.5 billion in taxpayer-funded money from the federal government. Note that Ken Chenault, the CEO of American Express makes in total compensation $26,249,876 a year.
The card issuer is not directly hit by the housing crisis is requesting taxpayer cash from the Federal government. Retailers, automakers and many others that have been hit by the slowing economy have not gotten government assistance.
Do you believe that the federal government with our tax dollars should pay to bailout AMEX, a credit card company?
