William Freeman - CIT Independent Director
Director
Mr. William M. Freeman is Independent Director of the CIT Group Inc. He has served as a director of CIT since July 2003. Mr. Freeman retired in February 2010 as Chairman of the Board of Arbinetthexchange, Inc., in which capacity he had served since November 2007. Previously, Mr. Freeman served as President and Chief Executive Officer and Director of Arbinetthexchange, Inc. from November 2007 until September 2008. Prior to joining Arbinetthexchange, Mr. Freeman was elected to the board of Motient Corporationration,, in February 2007, and Chairman of MotientTerreStar in March 2007. Mr. Freeman also served as Chief Executive Officer and Director of Leap Wireless International, Inc. from May 2004 to February 2005 and as President of the Public Communications Group of Verizon Communications Inc. from 2000 to February 2004. Mr. Freeman served on the Board of Directors of Summit Bancorp from 1999 to 2002. Mr. Freeman served as President and Chief Executive Officer of Bell AtlanticNew Jersey from 1998 to 2000, President and Chief Executive Officer of Bell AtlanticWashington, D.C. from 1994 to 1998, and in a number of other executive and management positions at Verizon since 1974. Mr. Freeman was a founder and coowner of Synthesis Security LLC, a closely held telecommunications company since 2003.
| Age | 67 |
| Tenure | 22 years |
| Phone | 212 461-5200 |
| Web | www.cit.com |
CIT Management Efficiency
The company has Return on Asset of 1.24 % which means that on every $100 spent on assets, it made $1.24 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 11.98 %, implying that it generated $11.98 on every 100 dollars invested. CIT's management efficiency ratios could be used to measure how well CIT manages its routine affairs as well as how well it operates its assets and liabilities.CIT Group has 6.17 B in debt with debt to equity (D/E) ratio of 1.69, which is OK given its current industry classification. Note however, debt could still be an excellent tool for CIT to invest in growth at high rates of return.
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Management Performance
| Return On Equity | 11.98 | |||
| Return On Asset | 1.24 |
CIT Group Leadership Team
Elected by the shareholders, the CIT's board of directors comprises two types of representatives: CIT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CIT. The board's role is to monitor CIT's management team and ensure that shareholders' interests are well served. CIT's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CIT's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ellen Alemany, Vice Chairman, Member of Audit Committee, Member of Regulatory Compliance Committee, CEO of CIT Bank, N.A. and President of CIT Bank, N. A., and Directors of CIT Bank, N.A. | ||
| Marisa Harney, Executive Vice President, Chief Credit Officer | ||
| R Oates, Independent Director | ||
| Alan Frank, Independent Director | ||
| Edward Sperling, Executive Vice President Principal Accounting Officer, Corporate Controller | ||
| David Harnisch, President of Commercial Finance | ||
| Michael Brosnan, Independent Director | ||
| Dorene Dominguez, Independent Director | ||
| Sheila Stamps, Independent Director | ||
| James Duffy, Executive Vice President and Chief Human Resources Officer | ||
| Michael Carpenter, Independent Director | ||
| Steven Solk, President of Consumer Banking, President, California | ||
| Gerald Rosenfeld, Independent Director | ||
| Wahida Plummer, Executive Vice President, Chief Risk Officer | ||
| James Hubbard, Executive Vice President General Counsel and Corporate Secretary | ||
| Denise Menelly, Executive Vice President and Head of Technology and Operations | ||
| Laura Unger, Independent Director | ||
| John Fawcett, Chief Financial Officer, Executive Vice President | ||
| William Freeman, Independent Director | ||
| John Ryan, Lead Independent Director | ||
| James Hubbardh, Executive Vice President, General Counsel and Corporate Secretary | ||
| Khanh Tran, Independent Director | ||
| Gina Proia, Executive Vice President Chief Marketing and Communications Officer |
CIT Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is CIT a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 11.98 | |||
| Return On Asset | 1.24 | |||
| Profit Margin | 25.80 % | |||
| Operating Margin | 41.40 % | |||
| Current Valuation | 7.13 B | |||
| Shares Outstanding | 99.17 M | |||
| Shares Owned By Insiders | 1.09 % | |||
| Shares Owned By Institutions | 94.43 % | |||
| Number Of Shares Shorted | 5.72 M | |||
| Price To Earning | 7.78 X |
Thematic Opportunities
Explore Investment Opportunities
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Consideration for investing in CIT Stock
If you are still planning to invest in CIT Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CIT's history and understand the potential risks before investing.
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