Polls
Can John Thain Mend CIT?
Stock quotes in this article:CIT
Thain will replace CEO Peter Tobin, who will remain on CIT's board of directors. Tobin has been heading up the company since Jan. 15 when former CEO Jeffrey Peek retired.
Thain will receive a base salary of $500,000, as well as $5.5 million in stock annually, $2.5 million of which will be subject to a one-year holding period. The other $3 million cannot be sold for three years. He is also eligible to receive up to $1.5 million in bonuses based on the performance of the company. Thain previously served as the CEO of the New York Stock Exchange and as president and chief operating officer at Goldman Sachs(GS). In light of all this, we ask you: Do you think Thain will be able to fix what ails CIT? Take our poll below to see the consensus of TheStreet -- and don't be afraid to voice your opinion in a comment.RELATED STORIES:
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
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