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CIT Group Names Ex-Merrill CEO Thain As Chairman

from National Public Radio
February 8, 2010

CIT Group has chosen former Merrill Lynch CEO John Thain to lead the company as chairman and CEO as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year. Thain served as chairman and CEO of Merrill Lynch until its sale to Bank of America was completed in January 2009.

Broadcast Dates

  • Morning Edition, February 8, 2010
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