Haute 100 Update: American Express CEO Kenneth Chenault Offered Cabinet Job

Kenneth Chenault, the chairman and CEO of American Express, was recently contacted by the White House about replacing Treasury Secretary Timothy F. Geithner, reports Bloomberg.

The 61-year-old is currently one of the world’s most-high-powered executives, and one of the few black leaders running a Fortune 100 company. At the end of 2012’s third quarter, American Express reported $7.9 billion in revenues and a net income $1.3 billion.

Chenault is also a big Obama supporter and has advised the president on various economic issues. He’s donated nearly $140,000 to Democrats since 1989.

Click here to read the full story