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The CEO who was told he'd never run American Express has made Amex cool again—and is beating JPMorgan, Visa, and the S&P 500

Summary by Fortune
Stephen Squeri appeared to check all the boxes as the next CEO of American Express. By 2016 he had spent three decades at the credit card colossus, reshaped tech operations, headed the corporate and merchant franchises, and orchestrated a spectacularly successful restructuring. But the Queens, N.Y., native had a giant liability in his quest to succeed the crisply tailored, cuff-link-sporting Ken Chenault: He didn’t dress like a Wall Street CEO. …

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Fortune broke the news in New York, United States on Wednesday, May 6, 2026.
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