Gilligan started at Amex 35 years ago as in intern. He worked his way up to vice chairman in 2007 and was named president in 2013.
Something we won't be seeing as much of down the road. It seems like people hop to a new company every 5 years or so.Letter from the CEO
5 years is a long time to last at one place without being "rightsized".
Where I work, in order for that to happen, all it takes is the shareholders screaming and crying they didn't get 39 cents a share like they feel they deserve and only got 37 cents, and there's a RIF to keep them "happy". It's already happened at least once this year, that I know of.
So you can be doing a great job, but because the shareholders whined, you lose your job for a potential short term cut in expenses, but of course, unless you are useless, in the long term it hurts the company, but hey the shareholders don't give a rat's behind about the long term of the company so no biggie as long as they get a couple of pennies per share return next quarter.
Then corporate America moans about how loyalty is dead. Gee, ya think? And in my state, good old Scottie boy wants to drug test you if that happens, because of course in his mind it happened because you are a dope using douche who is sponging off society, even though he's happy to throw your tax money at certain billionaire sports club owners, who are "cough" sponging off society for a new stadium. Ironic how the "rugged individualists" are the first to line up at the public trough, and the first to bash people getting food stamps, and I bet the owner doesn't have to take a drug test for his welfare. Yep, gotta love it.