Cit Group stories:

  • Merrill’s former CEO will head CIT Group

    Feb 9th, 2010 - Boston

    Merrill’s former CEO will head CIT Groupnew york - john thain is getting a second chance. cit group inc., a lender trying to regain its stature after nearly collapsing during the financial crisis, has hired the former merrill lynch & co. ceo as its chairman and chief executive. thain

  • Former Merrill Lynch boss appointed CIT chief

    Feb 8th, 2010 - BBC NEWS

    Former Merrill Lynch boss appointed CIT chief mr thain said cit was well positioned despite recent troubles the former chief executive of merrill lynch, john thain, has been appointed as the new boss of us lender cit group, which recently emerged from bankruptcy. cit will pay mr thain $6m

  • CIT Group names Thain as CEO

    Feb 8th, 2010 - bizjournals

    the board at cit group inc. has elected former merrill lynch & co. chief executive john thain as chairman and ceo, effective immediately. thain, 54, succeeds interim ceo peter tobin. thain ceded his role as ceo of merrill lynch after charlotte-based

  • CIT sets John Thain's salary at $6 million per year

    Feb 8th, 2010 - Reuters

    CIT sets John Thain's salary at $6 million per year(reuters) - cit group inc (cit.n) said its new chief executive john thain will get an annual salary of $6 million, mostly in restricted stock. the former merrill lynch chief will get $500,000 in cash, $2.5 million of restricted cit stock

  • CIT names ex-Merrill CEO Thain as chairman, CEO

    Feb 7th, 2010 - Houston Chronicle

    CIT names ex-Merrill CEO Thain as chairman, CEOnew york - former merrill lynch ceo john thain, who brokered the investment bank's controversial sale to bank of america, is taking over as chairman and ceo of cit group as the commercial lender continues to restructure its business following

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