Obama's Jobs Advisors Include Job-Cutting Executives

10/10/2011 12:18 pm ET | Updated Dec 10, 2011
  • Alana Semuels, Los Angeles Times latimes.com

Just days before the president appointed Kenneth I. Chenault, chairman and chief executive of American Express, to the council, the company announced a massive restructuring that closed a facility in North Carolina and eliminated 550 jobs, or about 1% of the company's workforce. At the same time, American Express announced it had made $1.1 billion in the fourth quarter of 2010, up 48% from the same period the previous year.

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