By Stephen Nakrosis 
 

American Express Co. (AXP) on Friday said the board's compensation and benefits committee raised the target value of annual long-term incentive awards for the company's chairman and chief executive, Stephen J. Squeri.

The company said the target value has been raised to $12.2 million from $10.2 million. Mr. Squeri's base salary and his annual cash incentive award target are unchanged.

American Express also said the board committee approved an increase in the annual base salary of Douglas E. Buckminster, group president, global consumer services, to $1 million from $900,000 per annum.

He will also be eligible to earn an annual cash incentive award of $3.7 million and annual long-term incentive awards with a target value of $4.8 million.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 25, 2019 14:11 ET (19:11 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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