Paul Abbott

Money Moves

Continuing as CEO under Long Lake ownership

Two years ago, Long Lake was buying suburban homeowners-association managers. On May 4, 2026, the same company agreed to take American Express Global Business Travel private for $6.3 billion in cash—paying a 60% premium to acquire the world's largest corporate travel platform. The deal is the biggest yet in a new venture-backed strategy that uses AI software to absorb traditional service companies wholesale.

Updated 2 hours ago