02 | 08 | 2010
CIT Group names former Merrill Lynch CEO John Thain to lead as chairman and CEO
Associated Press
He’s taking on an extremely challenging situation,” said Steve Hagenbuckle, managing principle of private equity fund TerraCap Partners. “If he survives and rights the ship, then I think his legacy has been written. It’s a perfect storm to come out a hero or come out a failure.”