American Express Membership Rewards - American Express Settles $31M Suit

American Express Co. has agreed to a $31 million settlement of a sex and age discrimination suit filed by 17 women who say they were unfairly denied promotions and pay.

Company spokeswoman Luz Marie Davis confirmed the agreement but denied the allegations. She said American Express is proud of its hiring and promotion record and settled the suit to avoid expensive litigation.

http://www.nytimes.com/aponline/business/AP-American-Express-Lawsuit.html

BUMP! Yesterday, a federal judge finalized the $31MM discrimination suit settlement. Four thousand female financial advisors may be party to the settlement.

Way to go Amex! While laying-off thousands of workers, paying your CEO $29MM and profiting over $1.3Billion in 2001, you will now pay $31MM to women who have been discriminated against at the same time as portraying the company as diversity-friendly. Seems a little two-faced to me!

Snowcap

And I bet some of those women also had used their AMEX cards to purchase cyberrebate. http://www.flyertalk.com/forum/smile.gif