Jeff Peek came to CIT ( CIT) in 2003 to shake up a sleepy lender.A Princeton University graduate and regular on New York's social circuit, Peek climbed the ranks at Merrill Lynch, eventually running its asset management business before getting pushed out in a power struggle with (now-former) CEO Stan O'Neal. He then moved to a high-level job at Credit Suisse ( CS). When he joined CIT -- now on the brink of bankruptcy -- it was with the notion that he would shortly succeed CEO Albert Gamper and did so the following year. He added the chairmanship of the board of directors to his duties at the start of 2005. And his ambitions were not small.
|Jeffrey M. Peek|