Merrill Lynch’s John Thain lands new job
Feb 8th, 2010 | By | Category: News• Former boss of Wall Street firm was criticised over bonuses and his expensive office refurbishment • New role as head of CIT, the troubled US lender, could net him $5.5m in shares John Thain, the former boss of Merrill Lynch, returned to the business world today when he was named as the new chief executive of troubled US commercial lender CIT Group. The company announced early this morning that Thain had been chosen as its chairman and chief executive with immediate effect
