Reuters

AmEx terminates some employees for inappropriately pitching certain products

The company said the issue primarily involved Premium Wire, which enables businesses to send wire payments globally, and that it had hired a law firm to investigate its small business sales practices in the United States, including sales of Premium Wire. The Wall Street Journal had earlier reported that some of the company’s salespeople had pitched a strategy to business owners, relying on a shaky interpretation of how tax law treats rewards points. “As a result of an internal investigation, we terminated employees and disciplined others, made product changes, adjusted our sales compensation plan, required additional training, and reinforced our permitted sales practices and policies.”