American Express Co. paid Chief Executive Officer Kenneth Chenault $24.4 million for 2013, an 11 percent increase over the previous year.
Chenaults compensation included a $2 million salary, a bonus of $7.95 million, a long-term incentive award of $5.13 million, $6.79 million in restricted stock and $2.54 million in options, the New York-based firm said today in a filing with the U.S. Securities and Exchange Commission. Chenault, 62, was awarded $22 million for his work in 2012 and $24 million for 2011.
American Express was the second-best performer in the Dow Jones Industrial Average last year, climbing 58 percent and outpacing the 27 percent advance of the 30-company benchmark. Profit in 2013 rose 20 percent to $5.4 billion as revenue increased 4.5 percent.
Capital One Financial Corp., the fifth-biggest U.S. credit- card lender, gave CEO Richard Fairbank $18.8 million for his work last year.