AmEx CEO Ken Chenault has created one of the best models for executive compensation to date after the credit markets killed off a lot of his compan's profits. AmEx's board granted the executive 1,375,000 stock options in November and should receive the same number again on January 31st. This is a huge number of shares was justified by the unusually distant time horizon over the next six years requiring that EPS grow at lesat 15% a year on average, revenues must grow at least 10% a year, ROE must average at least 36% per year, and total return to shareholders must beat the S&P500 by at least 2.5% per year. Now that's a plan that shareholders can back!