Table: Portrait of a Survivor
Despite CIT's turbulent history, CEO Al Gamper has hung on for nearly two decades:
Manufacturers Hanover buys CIT from RCA for $1.5 billion. Bank exec Gamper orchestrates deal.
Gamper put in charge after the unit underperforms.
Cash-strapped MH sells 60% of CIT to Japan's Dai-Ichi Kangyo Bank.
While competitor GE Capital goes on buying spree, Gamper emphasizes slow internal growth.
Dai-Ichi spins off its CIT stake in two offerings. Tech-crazy markets react coolly.
Gamper makes first big buy--Toronto-based finance company, Newcourt Credit--despite its last-minute writedown.
Tyco buys CIT for $9.5 billion, keeping Gamper as CEO.
Tyco says it will split into four companies, CIT among them.
Tyco reverses course but goes ahead with CIT spin-off.
SEC approves CIT IPO. Tyco estimates it will fetch up to $5.8 billion.