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This also announces that Ken Chenault, former CEO of American Express, joined their board. What's really interesting is that he also joined the board of Faceboo
by vm 9y ago
This also announces that Ken Chenault, former CEO of American Express, joined their board. What's really interesting is that he also joined the board of Facebook last week [1].
He must be a damn good exec who was recruited left and right during his 37 years at Amex and, now that he's retired, he's going to mentor the top execs at the top companies [2]. Exciting development for both Airbnb and Facebook.
[1] https://www.recode.net/2018/1/18/16905386/facebook-ken-chenault-new-board-directors-mark-zuckerberg https://www.recode.net/2018/1/18/16905386/facebook-ken-chena...
[2] https://www.nytimes.com/2017/10/18/business/american-express-chenault-squeri.html https://www.nytimes.com/2017/10/18/business/american-express...
- panarky 9y agoPart of designing a 21st-century company is designing a Board of Directors that can help us implement our 21st-century vision ... This is the dinosaur who will transform Airbnb into an "infinite" 21st-century company?? Here's the ridiculous story of how Ken Chenault's old-school ways cost Amex their Costco relationship and chopped their customer base by 10%. https://www.bloomberg.com/features/2015-how-amex-lost-costco/ https://www.bloomberg.com/features/2015-how-amex-lost-costco... The Costco guys were tickled by how meticulously Amex choreographed Chenault's movements. Ken Chenault would have an advance team come to our office before he visited. They planned everything — where he would enter the building, the route to the boardroom, where he’d sit at the table. Soon after the breakup with Costco, JetBlue ditched Amex for Barclays and MasterCard. Fidelity may also be thinking about canceling its affinity card.