Mike Mayo, analyst at CLSA, known on Wall Street for his brash style and pointed questions to CEOs, has had a contentious relationship with Citigroup over the last few year. Now that may all be changing.
MarketWatch reports that Citigroup has reached out to Mayo to meet with CEO Mike Corbat, the analyst told MarketWatch.
'The communication has been pretty continuous over the last few months', said Mayo. 'It’s been a process of engagement and listening more'.
In fact, it’s got so friendly that Mayo was scheduled to meet with Mike Corbat on Monday this week two days before the firm’s shareholder meeting in New York. But unfortunately, it was Mayo that had to decline the meeting, as he couldn’t cancel on another meeting with another major firm’s chief financial officer. Mayo has bought shares of Citigroup so he could participate in that meeting and ask the firm’s leadership questions.
'It’s gone from cold war to détente to engagement', said Mayo, on the recent warming of relations with the firm.
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