Merrill Lynch’s John Thain lands new job with CIT
• Thain was criticised over expensive office refurbishment • Role as head of the troubled US lender could net him $6m
The former Merrill Lynch boss John Thain, who was ousted a year ago amid a furore over lavish office expenditure, has won a chance to rehabilitate his career by landing a $6m-a-year (£3.8m) job as [...]
Merrill Lynch’s John Thain lands new job
• Thain was criticised over bonuses and expensive office refurbishment • New role as head of CIT, 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 chief executive of troubled US commercial lender CIT Group.
The company announced [...]
