On February 8, 2010, In Business, Business Advice, Business News, Energy, Finance, Media, Retail, Technology, Top Stories, UK Business, US Business, world, By Reuters: Business News
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 Obama administration's pay czar.
On February 8, 2010, In Business, Business Advice, Business News, Energy, Finance, Media, Retail, Technology, Top Stories, UK Business, US Business, world, By Yahoo! News: Business News
AP - John Thain is getting a second chance.
On February 8, 2010, In Business, Business Advice, Business News, Energy, Finance, Media, Retail, Technology, Top Stories, UK Business, US Business, world, By Reuters: Business News
NEW YORK (Reuters) - CIT Group Inc has hired former Merrill Lynch CEO John Thain as its new chief executive, the commercial lender said late on Sunday, wagering that the well-traveled executive can guide its post-bankruptcy turnaround.
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