Sounds like a marriage made in heaven. He's very highly respected, you know. That's what the "insider" people are saying in the press so it has to be right. Hopefully he owns plenty of debt and can figure out that now may not be the time for a million dollar office decoration plan.
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 following a brief stay in bankruptcy protection last year.
