Mike Mayo Was Once Stranded Without Cash, Couldn't Find An ATM, Had To Go To A Deli And Pay A $3 Fee, And Now Citi Is Paying The Price

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Oct 4, 2010

“The A.T.M.’s are inside the building, tough to find (no signs to point out) and wedged in a corner in a glass room between a vacant store and the stub end of a small newsstand. Moreover, the A.T.M. requires paper envelops for making deposits,” Mayo wrote in his latest report. “In contrast, nearby Chase and Bank of America A.T.M.’S are more sophisticated and do not require the use of envelopes.” [Dealbook]

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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 us days ago 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 the demands of Mayo 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]

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Mike Mayo Was Once Stranded Without Cash, Couldn't Find An ATM, Had To Go To A Deli And Pay A $3 Fee, And Now Citi Is Paying The Price

Mike Mayo Is Willing To Give Citi A Chance To Prove Itself To Him

Mike Mayo Suggests Citi Chair Dick Parsons Be Gone In A Fortnight

Dick Parsons Actually Gives Mike Mayo What He Wants

That's Interesting, Because Just The Other Day, Vikram Pandit Was Telling Someone That He'd Rather Hear Alec Baldwin's Opinions On Airplane Etiquette Than Mike Mayo's On How To Run A Bank

Mike Mayo Can't Believe He's Saying This, But Citigroup's Not Looking Like Such A Joke These Days

Mike Mayo Demanding People Resign Or Be Fired From Citi Again

Mike Mayo: Citi Not To Be Trusted

Mike Mayo Brings The Thunder