$Stock*Shop*Charts*News*Option$

[Tuff-Stuff]

zh LOL>Match Made In Incompetence Heaven: John Thain Is CIT's New CEO And Chairman

CIT's gorgeous, bouncer-worthy, and recently bankrupt, 5th Avenue lobby is about to receive some golden commodes and even more taxpayer reverse golden showers if and when the government is forced to bail out John Thain for the nth time. In the meantime Thain will receive $500k and 5.5 million shares in stock (something close to $170 million - how many tungsten-plated outhouses will it buy to transfer all commercial lending assets to Goldman Sachs for -15 cents on the dollar?) as he prepares to destroy yet another recently bankrupt company. Read all about the latest massacre of change you can drown your sorrows in from Bloomberg. We refuse to touch this filth.

http://www.zerohedge.com/article/match-made-incompetence-heaven-john-thain-cits-new-ceo-and-chairman