March 9, 2013 / 12:09 AM / 5 years ago

American Express CEO made $28.5 million in 2012

(Reuters) - Credit card company American Express Co (AXP.N) chief executive Kenneth Chenault received a total payout of about $28.5 million in 2012, according to a filing, an increase of about 24 percent over the previous year,

Chairman and CEO of American Express Company Kenneth Chenault speaks to the Council on Foreign Relations in New York December 6, 2011. REUTERS/Mike Segar

Chenault's base salary was $2 million, according to a proxy filed with the Securities and Exchange Commission on Friday. His bonus was $4 million, while stock awards accounted for about $18.9 million and options awards total led about $2.2 million. (link.reuters.com/vur56t)

In January, American Express said it would cut about 5,400 jobs, or 8.5 percent of its workforce, to restructure its business and pay legal bills.

Reporting By Vrinda Manocha in Bangalore; Editing by Gary Hill

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