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  • CIT sets John Thain's salary at over $8 million a…
  • NEW YORK (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of US$6 million (S$8.53 million), most of which is in stock, and a bonus of up to another US$1.5 million, in a nod to compensation…
  • AsiaOne
  • ·
  • 20 hours ago
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New York Daily News

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  • State universities make plea for state money
  • CHICAGO – Public university presidents, including Northern Illinois University President John Peters, say they're worried about making payroll and depleting their schools' reserves because the state isn't giving them the money they've been…
  • Daily Chronicle
  • ·
  • 16 hours ago
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CBS 2 Chicago
  • CIT names ex-Merrill CEO Thain as chairman, CEO
  • 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 &…
  • Oregonian
  • ·
  • 1 day ago
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Boston Globe
  • CIT sets John Thain’s salary at US$6M per year
  • CIT Group Inc said its new chief executive John Thain will ... Thain may get an incentive award from the board for 2010 capped at US$1.5-million, the commercial lender said. Mr. Thain, who takes over from CIT's interim CEO Peter Tobin, was…
  • Financial Post
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  • 1 day ago
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New York Daily News
  • CIT names ex-Merrill CEO Thain as chairman
  • CIT Group Inc., one of America’s largest lenders to small and mid-sized businesses, said Thain will take the helm immediately. The 54-year-old replaces acting interim CEO Peter J. Tobin, who will remain on CIT’s board. As chairman and CEO…
  • Today's Zaman
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  • 1 day ago
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Marketwatch
  • CIT Taps Ousted Merrill Lynch Chief John Thain to Run…
  • 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,…
  • Bloomberg
  • ·
  • 08/02/2010
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