Retailers, consumers and prices
Remember a couple of years ago, when it was discovered that an executive used his corporate American Express card to pay for $241,000 worth of "services" at a New York-based "gentleman's club" then tried to stiff AmEx on paying the bill?
How might someone explain a $241,000 charge on his or her statement, to his or her boss (or his or her spouse, for that matter)when it gets sent to the home office -- or worse, the home -- at the end of the month?
"Wow, those steaks really WERE expensive."
"We all had dessert."
"There must be a missing decimal point somewhere. I hope."
Well now, that problem might be a little easier to manage as American Express said on Tuesday it will no longer send paper copies of their bill to clients at large companies.
Now, some people like to get their AmEx bill in paper form and some people won't mind that bill floating around the office ... or the living room.