As part of a recapitalization agreement announced Tuesday, existing and new investors in the American Express Global Business Travel joint venture made a ten-year commitment. Chairman Greg O'Hara intends to stay in the role that long, as well. Owners affirmed a $5 billion value for the company, including debt.
During a Wednesday phone interview, O'Hara said American Express Company execs approached him a year ago seeking to extend the joint venture — announced more than five years ago — for another decade because of how well it was going.
"I told them I'd . . .