American Express

American Express has over 150 years of history.

Established in 1850 in New York, American Express Company was one of the foremost and most successful express delivery companies to arise during the rapid westward expansion of the United States.
American Express launched money order business in 1882.
In 1891, the company introduced world’s first travelers cheque.
Throughout the 1890’s and 1900’s, American Express expanded in European countries.
During the First World War, American Express’s traveler’s cheque and delivery services helped many people in Europe.
American Express officially entered the travel business in 1915.

The company faced some troubles in the 30’s but the company rebuilt in the 50’s.

American Express introduced cards from 1958.

In the late 1970’s, American Express began global expansion.

In the 1980’s, there was a string of acquisitions.

The company suffered from the Great Depression of 1987, but survived.

Within a decade American Express acquired a strong position, and by 2000, its earnings, market share, core businesses and share price were strong.

American Express faced some damage of life and property due to the attacks of September 11, 2001. However, within a year of tragedy, the workforce reunited.

Today, American Express is a world leader in providing charge and credit cards to consumers, small businesses and corporations. It is the largest travel agency of the world, offering travel and related consulting services worldwide.
The mission of American Express is to conduct their business by following these core principles:

Customer Commitment
Quality
Integrity
Teamwork
Respect for people
Good Citizenship
A will to win
Personal Accountability

The businesses of American Express are:

Credit Cards(Personal Cards)
Business Services---
1. Small Business
2. Corporations
3. Merchants
Financial Services---
1. Financial Advisors/ Financial Accounts
2. Brokerage
3. Workplace Retirement
4. AEFG
5. Institutional Investors
6. Private Bank
7. Tax and Business Services
Travel Services---
1. Flights
2. Hotels
3. Cars
4. Cruises
5. Vacations
6. Last Minute Deals
7. Travelers Cheque Card

Key Statistics:

American Express holds assets of $113,960 millions.
American Express has earned profits of $3,734 millions in 2006.
American Express operates in 130 countries around the world.
The company has about 65,800 employees.

The organization consist of---

Board of Directors
Key Executives

International Ranking

American Express ranks 193 in the world according to the Fortune Global 500 list.
American Express ranks 88 in the world according to the list of Forbes Magazine.

Subsidiaries

American Express has a number of subsidiaries in its different business fields. E.g. Travel Impressions is a subsidiary of American Express, American Express Financial Corporation is a wholly owned subsidiary of American Express Company, etc.

Headquarter Address

American Express Company
World Financial Center
200 Vesey St.
New York, NY 10285
USA
Phone: 212-640-2000
Website URL: www.americanexpress.com