Amex Chief to Rely on Millennials to Keep the Company Profitable

On October 18, 2007, American Express Co. announced a replacement for their longtime chief Kenneth Chenault as the chairman and CEO of the company. Stephen Squeri took over as the leader of the troubled card giant. The company is known for issuing cards to their customers. Besides, the company has its card network and gives loans to some people and businesses.

Challenges Faced by AmEx

AmEx has faced stiff competition from its competitors mainly the banks and other card networks like Visa Inc. At the beginning of this year, the company lost one of its most loyal customers, Chris Burch. Burch, who was named as one of the wealthiest Americans by Forbes in 2014 has now has joined started using Sapphire Reserve card from J.P. Morgan Chase & Co.

PayPal Holdings Inc. is one company that has presented stiff competition to AmEx. The company has recently overtaken AmEx in market value. The company’s market share in the US credit-card has been falling in recent years. In 2015, the AmEx’s stock fell to 25.4% from 26% in 2014.

Chenault said that under his leadership, the company faced various challenges but still survived. For instance, the company went through the 9/11 crisis. In 2008, the company also survived the financial crisis hence he should be held solely responsible for the current troubles.

Way Forward for AmEx

The greatest challenge that Mr. Squeli faces is regaining customers who have left the company. The company is also unsure where it will get revenue from in the long-term and how it will respond to the emergence of mobile payment methods. Mr. Squeli is determined to attract millennials to drive growth in the future.

About Chris Burch

Christopher Burch is a prominent American businessman who is known as the man bending Burch Creative Capital where he serves as the CEO. Besides, he is also the co-founder of Tory Burch, a fashion brand. His investments are not restricted to any one industry.

Additional article to read here.

Burch has been an investor and entrepreneur for about four decades. He has vast knowledge of consumer behavior and has experience with direct sourcing. This has helped him start over 50 companies in his career.  Check one of his awesome investment here, click on

For instance, Burch and his brother founded Eagles Eye apparel and later sold it out after seeing its revenue hit $165 million.  More to read on

More news on this useful link

Glen Wakeman Opens Up During Q&A Session with

Glen Wakeman is undoubtedly one of the most successful entrepreneurs globally. He is currently the CEO of LaunchPad Holdings llc, a firm he co-founded in 2015. An icon to many young and established entrepreneurs, Wakeman has been on the forefront supporting various people to actualize their ideas. In a session with, Glen opens up to a number of factors which are actually meant to inspire upcoming global entrepreneurs.

He points out that he has made it his culture to match every idea he comes across with money. Glen reminds readers that an idea and implementation plan are two different things. When building LaunchPad, they designed a plan which enabled them to develop a simpler software platform: and eventually the company. Follow Glen Wakeman’s profile on Twitter.

Glen Wakeman begins every new day by reviewing previous day’s activities before approaching the day’s duties and activities. Like other reputable businessmen, He is mostly excited on how technology has been incorporated into solving daily business challenges. Glen Wakeman pointed out that he puts his ideas into shape by sharing them with other people, especially those who critic them. This helps him to identify the various gaps in the concept and work on them.

The LaunchPad CEO explains that his high level of curiosity has made him more productive. He is always eager to learn why things are the way they are so that he can identify the gaps and fill them. He recommends a number of software applications including live chat, doodle, and fiver, affirming that they can actually help one save both time and money. Given a chance to start over, Glen says he would keep clear records of friends and associates citing their significance towards a business success or failure. He encourages all entrepreneurs to read ‘The Art of War’ by Sun Tzu, claiming it teaches the best strategies ever. Read more about Glen Wakeman at Affiliate Dork.

Glen Wakeman

He earned a BS in Economics and Finance from the University of Scranton before getting his MBA in Finance from University of Chicago. Wakeman began his entrepreneurial career with GE Capital and has since worked with several organizations serving in different capacities. He has also co-founded a number of companies which he has led to great success. Glen has lived in 6 different countries and led business operations in more than 30. His success record is a motivation to many.


Chris Burch Knew What it Took

From construction to fashion and even hotels, Chris Burch knows the right type of business to have. In fact, he doesn’t think just one industry is the best industry. He has businesses that are in different industries because he wants to show people they can have a variety and still be successful. With that variety comes different streams of income. The streams all come together to make Chris Burch one of the wealthiest entrepreneurs in the world. As a billionaire, he feels he can do anything he wants to help people get all the solutions they need.  Check on for more reading.

A note-worthy article here.

In fact, the solutions Chris Burch has come up with are all about helping customers. He doesn’t feel the need to help customers with different things unless he knows they need them. Chris Burch is a great entrepreneur because he can often see issues people are having before they even know about them. He can read people well and see what their needs are based on the things they are doing. He uses that to provide them with the solutions that can help them have a better life, a better business or a better situation that they are living in.  for updates on his recent timeline activities, hit

Since Chris Burch knows what he can do to help people with their own lives, he is aware of the right way to give people the things they need. He also knows what people can get out of the situations they are a part of. Chris Burch knows what to do to help people so he can show them all the different situations they need. He also wants to help people have the best experiences possible while they are working on their own lives. Even the fashion industry benefits from Tory Burch which Chris Burch created to be a major fashion player. Additional reading on

Chris Burch has always done his best to help people with the things they need, and he continues to give people the right opportunities for their own lives. Chris Burch tries to show others what they can do to be successful like him. He doesn’t want to make money from the advice he gives so he tries to always show people what they can do to make their own lives better on their own. The things that Chris Burch have a lot of opportunities with them so he uses them to teach people the right way to be successful like he is.

Have a glimpse to one of his impressive investment on