In late May last year, some 250 salespeople at American Express learned they weren't going to get paid.
In addition to earning commissions, the Premium Wire volumes helped them reach higher compensation tiers, known as kickers.
For the first time, the Premium Wire product made economic sense.
The presentation discussed shifting the sales focus toward Premium Wire and another product to "accelerate revenue growth and meet client's needs."
Isserlis said Williams was fired because of misconduct unrelated to Premium Wire.
Persons:
Amex, salespeople, Salespeople, Adam Isserlis, Isserlis, Stephen Squeri, John Moore, Amex salespeople, Pablo Ribas, Ribas, Anna Marrs, Marrs, Charles Schwab, Schwab, Mike Peterson, Charlene Luke, they'd, Nick Williams, Williams, Nick, Mr, —, Thomas Zoerner, Zoerner, Amex's, she's, weren't, Carter Johnson
Organizations:
American Express, Commercial Services, Securities and Exchange Commission, Justice Department, Internal Revenue Service, Street, IRS, Getty, Credit, Employees, Business, SME, Global Commercial Services, Marriott, Express, University of Florida's Levin College of Law, Amex, California Labor, Court, whistleblowing
Locations:
Brooklyn, California, Manhattan, Canadian, —, Orange County , California, New York, Webex