• CIT sets John Thain's salary at $6 million a year
  • 1 month ago
  • [ REUTERS ]
  • [ businessNews ]
  • CIT sets John Thain's salary at $6 million a year
  • NEW YORK (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration's pay czar.
MORE : CIT sets John Thain's salary at $6 million a yearREUTERS (English)