Word: golub
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Dates: during 1990-1999
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...control the damage, Robinson put bearlike Amex president Harvey Golub in direct charge of the Travel Related Services division, which includes card operations. Golub, known for his expertise on the ski slopes and in the kitchen, had been boss of one of Amex's few star performers, IDS Financial Services. To cut losses in the credit-card business, Golub plans a top-to- bottom overhaul at a cost of $110 million, which will include laying off 1,700 workers. Among other goals, Golub plans to boost the growth of Amex cards in force. Among the possible incentives: waiving...