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Commercial Lender stories:
CIT sets John Thain's salary at $6 million per year
Feb 8th, 2010 - Reuters
with a holding period of one year and the remaining $3 million in stock restricted for three years, the company said in a regulatory filing.
apart from salary, thain may get an incentive award from the board for 2010 capped at $1.5 million, the commercialFormer Merrill chief tapped to head CIT
Feb 8th, 2010 - CNNMoney
into becoming a "more streamlined commercial lender." an important lender to small and expanding businesses
CIT names ex-Merrill CEO Thain as chairman, CEO
Feb 7th, 2010 - Houston Chronicle
new 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 followingCIT Group names former Merrill Lynch CEO John Thain to lead as chairman and CEO of lender
Feb 7th, 2010 - Newser
cit group said sunday it has chosen former merrill lynch ceo john thain to lead the company as chairman and ceo as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year. cit group inc
CIT Posts Net Worth 16% Above Stock as Thain Plots Recovery
Mar 17th, 2010 - BusinessWeek
march 17 (bloomberg) -- cit group inc., the commercial lender that hired john thain to lead the company after bankruptcy, told investors its book value increased to $41.99 a share, more than forecast and 16 percent above its stock price. cit
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