Mike Mayo owes his career to InstitutionalInvestor. While working at the Federal Reserve in Washington in the late 1980s, Mayo was keen to get a job on Wall Street. But as a complete outsider, he had few contacts and little idea of how to go about it. So he smartly bought a subscription to //, looked up the top-ranked banking analysts and began cold-calling them. "I would not have my job today if it were not for Institutional Investor," says Mayo. Since joining the ranks of the sell side more than two decades ago, Mayo, now himself an All-America Research Team analyst, has become famous for his willingness to speak the truth. He downgraded the banking industry in 1999 and has been bearish on it more or less ever since, a sentiment vividly communicated in his new book, Exileon Wall Street: OneAnalyst's Fight to Save the Big Banks from Themselves.
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