Chenault's Layoffs

http://www.futureofcapitalism.com/2013/01/chenault-layoffs

The press coverage of American Express's announcement that it will eliminate 5,400 jobs (the New York Times printed an Associated Press dispatch; Bloomberg coverage is here; the Wall Street Journal' article is here) manages to omit the highly pertinent fact that the American Express CEO, Kenneth Chenault, is a member of President Obama's Council on Jobs and Competitiveness.

If it were some Wall Street-White House crony of a Republican president announcing significant layoffs, it's hard to imagine that the press would miss the opportunity to make the connection.

by Editor  |  Jan 11, 2013 at 12:05 pm Related Topics:  Banking, President Obama, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list