Top Stories on CIT Group

CIT sets John Thain's salary at $6 million a year - CNN Money

NEW YORK, (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the ...

Ex-Merrill chief John Thain takes helm at CIT - PITTSBURGH TRIBUNE-REVIEW

NEW YORK ? John Thain is getting a second chance. CIT Group Inc., the lender that is trying to regain its former stature after almost collapsing during the financial industry crisis, said late Sunday it has hired the former Merrill Lynch & Co. CEO ...

CIT sets Thain's salary at $6 mln a year - Reuters UK

NEW YORK (Reuters) - CIT Group Inc ( CIT.N ) said its new Chief Executive John Thain will get an annual base salary of $6 million (3.85 million pounds), most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation ...

CIT Taps Ousted Merrill Lynch Chief John Thain to Run 102-Year-Old ... - Bloomberg

Feb. 8 (Bloomberg) -- John Thain , the ousted chief of Merrill Lynch & Co., was named to lead CIT Group Inc. , the commercial lender that emerged from bankruptcy in December, after almost a four-month search for a replacement. Thain, 54, becomes ...

Stocks Move Mostly Lower, Extending Recent Downward Move - U.S ... - RTT News

(RTTNews) - Stocks have moved mostly lower in early trading on Monday, with the major averages seeing some further downside after falling in each of the four previous weeks. Selling pressure has remained somewhat subdued, however, limiting the ...