February 16, 2001
American Express Will Run Chicago City Colleges' Financial Offices
The City Colleges of Chicago system will outsource its payroll, purchasing, and other financial operations to American Express Tax and Business Services, a shift that one higher education business expert characterized as unprecedented.
Officials at the Chicago system said they made the move because of the stiff competition they had faced from private companies in attracting top financial officers. The system has employed five chief financial officers over the
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