American Express CEO Stephen Squeri has eliminated a bonus system that encouraged executives to compete for resources, shifting instead to a model where bonuses are tied to the company's overall performance. This change aims to foster a more collaborative environment, encouraging leaders to act as enterprise builders rather than divisional owners. The new system links executive rewards to company-wide metrics like earnings per share and revenue growth, promoting a 'sink or swim together' mentality. AI
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IMPACT This change in executive compensation strategy at American Express is unlikely to have a direct impact on AI operators or the broader AI industry.
RANK_REASON This is a change in internal corporate policy and executive compensation, not a core AI development or industry-wide trend.
