Mike Mayo

Especially when he’s working his ass off to make this company big money and no one seems to give a baker’s damn.  Here’s a tip from the Mayo Jar: When Fortune All-Star Analysts talk, you listen. Read more »

  • 02 Mar 2012 at 4:59 PM

Dick Parsons Actually Gives Mike Mayo What He Wants

Is Mike Mayo the most powerful man on Wall Street, able to bend CEOs and bank chairmen to his will with the greatest of ease? If you’d asked earlier this week or even yesterday we would have said, “Well he does have a varsity analyst jacket but eh.” Today? The answer is we have no idea but Dick Parsons is certainly helping make that case by not only complying with Mayo’s demands but doing so on his specified time schedule. [WSJ, Earlier: “I think that Parsons should leave in the next two weeks,” said Mayo on Feb. 23]

For the last several years, Mike Mayo has had a fairly contentious relationship with Citigroup. Since telling investors to pull their money and run in October 2007, he’s warned people the bank is not to be trusted, detailed what he believes are Vikram Pandit’s cruel and unfeeling ways, and bitched about the fact that their ATMs still require you to use envelopes for deposits. Most recently Mayo took aim at Citi chairman Dick Parsons and while he gets points for dramatic effect, one can’t but help feel that a certain other analyst would’ve made more of a ripple. Read more »

As those of you who keep up with the trials and travails of Wall Street’s celebrity analysts know, Citigroup has not always had the best relationships with these sensitive and highly-strung individuals. At one time or another, Meredith Whitney, Dick Bové, and Mike Mayo have all had their emotions toyed with and, particularly in the case of the men, have not responded well. Bové got drunk and sent out a mass email detailing the ways in which Citi defiled her and treated her like a cheap whore not deserving of respect and a couple years back, Mike Mayo went public with his own drama, wherein he and Vikram went from being super close in 2007 to the Citi CEO going radio-silent. FOR NO REASON. FOR TWO YEARS. Read more »

PULL-UPS: Mayo…can do 35 consecutively and 150 in an hour. Used to do as many as 200 push-ups at a time when stress level got high. Changed to pull-ups after push-ups started causing him neck pain. BREAKFAST: 10 egg-white omelette with grilled onions. [Miami Herald via BI]

  • 18 Oct 2011 at 1:40 PM

Bank Of America Silences Mike Mayo

Is someone afraid of the Mayo Jar? Read more »

What do top financial services employees think of the month-long protests headquartered in Zucotti Park, which took over Times Square over the weekend? So far the most vocal people have expressed support for the movement, like Jim Chanos, who said, “New York is so finance-centric that people here underappreciate the reaction of the rest of the country” and that OWS shouldn’t be underestimated; Larry Fink, who told reporters, “I believe we should not turn our backs on these protests…Maybe we will get some balance”; Jamie Dimon, who told those listening to the JPM conference on Thursday, “I do vaguely remember the First Amendment that it is legal to demonstrate and it is completely fine. You should listen and not just have a knee-jerk reaction”; and Vikram Pandit, who in addition to saying that “trust has been broken between financial institutions and the citizens of the US,” told protesters he’d love to chat over the phone. With the exception of John Paulson, however, who last week issued a statement telling protesters to 1) beat it and 2) thank their lucky stars that as the founder of a ‘most successful business‘, he chose to set up shop in New York, most financiers with less then charitable feelings have kept their feelings to themselves, fearing retribution from the anti-Wall Street group. Until now. Read more »