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Saturday, July 11, 2009, 8:59PM ET - U.S. Markets Closed. Dow Down 0.45% Nasdaq Up 0.20%
CIT Group, Inc. (CIT)On Jul 10: 1.53  Down 0.33 (17.74%)  
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CIT Group, Inc.
505 Fifth Avenue
New York, NY 10017
United States - Map
Phone: 212-771-0505
Fax: 212-771-9884
Web Site: http://www.CIT.com

DETAILS 
Index Membership:S&P 500
S&P 1500 Super Comp
Sector:Financial
Industry:Credit Services
Full Time Employees:4,830

BUSINESS SUMMARY 
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, and management advisory services to the small and middle market companies worldwide. Its products principally include asset based loans; secured lines of credit; operating, capital, and leveraged leases; vendor finance programs; import and export financing; debtor-in-possession/turnaround financing; acquisition and expansion financing; letters of credit/trade acceptances structuring; and small business loans. The company’s services primarily comprise financial risk management; asset management and servicing; merger and acquisition advisory services; debt restructuring; credit protection; accounts receivable collection; debt underwriting and syndication; capital markets; and insurance services for small businesses and middle market customers. It serves clients in various industries, including transportation, particularly aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. The company was founded in 1908 and is headquartered in New York, New York.
Key Statistics

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    CORPORATE GOVERNANCE 
    CIT Group, Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Jul-09 is better than 93.9% of S&P 500 companies and 99.4% of Diversified Financials companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Jeffrey M. Peek , 61
    Chairman and Chief Exec. Officer
    N/A N/A
    Mr. Alexander Manson , 57
    Pres and Chief Operating Officer
    $ 1.68MN/A
    Mr. Joseph M. Leone , 55
    Vice Chairman and Chief Financial Officer
    $ 500.00K $ 5.56M
    Mr. C. Jeffrey Knittel , 50
    Pres of CIT Transportation Fin. and Pres of CIT Aerospace
    $ 1.19MN/A
    Mr. John F. Daly , 60
    Pres of Trade Fin.
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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