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Egan Says John Thain Needs 2 to 3 Years to Rebuild CIT: Video

2010-02-08T14:20:19Z

Sean Egan, president of Egan-Jones Ratings Co., talks with Bloomberg's Jon Erlichman and Deirdre Bolton about CIT Group Inc.'s decision to name John Thain as chief executive officer.

Egan also discusses Thain's performance while CEO of Merrill Lynch & Co. and the strategy needed to restore the profitability of CIT. (Source: Bloomberg) 

00:00 Outlook for Thain at CIT, business objectives

Running time 03:21

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