egan-jones

CIT Group (CIT), which is facing likely bankruptcy, paid retention bonuses to 40 executives and key employees -- including two named officers in January -- that vest 100 percent after two years, according to the New York-based company's latest proxy statement. "Going into 2009, our guiding...

Looks like the government may be deciding CIT is too big to fail. Reports all over the Internet indicate talks with CIT (CIT) for a possible government bailout have intensified. Analysts have concluded that a bankruptcy won't solve the commercial leasing and financing company's long-term problems....