Barbara Horne is a Business Strategy and Management professional focused on Process Improvement and Project Management Training. She has successfully taught thousands of individuals in environments ranging from Wall Street’s Top Firms to the Government and Academia. She has designed and... More
Just a short time ago Mr. Thain made a call for his bonus at the start of the recession; while the masses were concerned about job loss due to companies crumbling.
In cases like this we have to examine the implications of such a decision not just on the bottom line of CIT, but our society.
What happens when a CEO who does not care about the impact of his decisions now runs another major financial industry at time when credit markets are still tight for small business and the general population?
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CIT has again managed to Insult the Investor 0 comments
Just a short time ago Mr. Thain made a call for his bonus at the start of the recession; while the masses were concerned about job loss due to companies crumbling.
In cases like this we have to examine the implications of such a decision not just on the bottom line of CIT, but our society.
What happens when a CEO who does not care about the impact of his decisions now runs another major financial industry at time when credit markets are still tight for small business and the general population?
http://finance.yahoo.com/news/CIT-names-exMerrill-CEO-Thain-apf-4122357615.html?x=0&sec=topStories&pos=1&asset=&ccode=
Disclosure: "No Positions"
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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