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CIT Group Inc. (CIT)

-NYSE
44.08 Down 0.42(0.94%) Jul 11, 4:00PM EDT
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CIT Group Inc.
One CIT Drive
Livingston, NJ 07039
United States - Map
Phone: 973-740-5000
Website: http://www.cit.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Credit Services
Full Time Employees:3,200

Business Summary 

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. The company operates in five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies in various industries, such as commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and railcar industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of domestic and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivables management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, dealers, and product resellers to deliver financing and leasing solutions to end-user customers for the acquisition of equipment. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management and servicing, credit protection, financial risk management, import and export financing, insurance, letters of credit, and mergers and acquisition advisory services, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.

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Corporate Governance 
CIT Group Inc.’s ISS Governance QuickScore as of Jul 1, 2014 is 2. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 2; Compensation: 7.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. John A. Thain , 58
Chairman and Chief Exec. Officer
2.43M0.00
Mr. Nelson J. Chai , 48
Pres, Chairman of CIT Bank, Chief Exec. Officer of CIT Bank and Pres of North American Commercial Fin.
1.85M0.00
Mr. Scott T. Parker , 46
Chief Financial Officer, Chief Accounting Officer and Exec. VP
1.64M0.00
Ms. Lisa K. Polsky , 57
Chief Risk Officer and Exec. VP
1.50M0.00
Mr. C. Jeffrey Knittel , 55
Pres of Transportation & International Fin.
1.56M0.00
Amounts are as of Dec 31, 2013 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.
Currency in USD.
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