The Fall of CIT Group: The CEO Left Off the Lifeboat

by Benjamin Domenech on 10:24 am July 18, 2009

CIT and CEO Jeffrey Peek banked everything on getting bailout cash, missing sea change against more bailouts: “one of the nation’s largest lenders to small and midsize businesses.” The company “could file for bankruptcy protection as early as Monday morning, say people familiar with the matter. It would be the fifth-largest bankruptcy in U.S. history.”

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