Filed under: Management, Bank of America (BAC), CIT Group (CIT), Options, Technical Analysis

John Thain — whom you may recall as the man who presided over the spectacular implosion of Merrill Lynch — is looking to have some new business cards printed up. Over the weekend, CIT Group (CIT) officially announced that its board of directors has elected Thain as chairman and CEO.

Due to his controversial past, the decision to elect Thain wasn’t an easy one. After shelling out a small fortune to tart up his office digs at Merrill Lynch — and doling out lofty bonuses amid the bank’s hasty takeover by Bank of America (BAC) — Thain became something of a poster boy for Wall Street excesses.

Continue reading John Thain Takes the Top Spot at CIT Group

John Thain Takes the Top Spot at CIT Group originally appeared on BloggingStocks on Mon, 08 Feb 2010 11:00:00 EST. Please see our terms for use of feeds.

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