The Activist Investor

The Activist Investor

UPDATE: A New Proxy Advisor?

How did a prominent sell-side equity analyst do this year?

Aug 19, 2025
∙ Paid

Earlier this year, we saw something new: Mike Mayo of Wells Fargo advised his investor clients to vote against various directors at four companies based on generous pay packages (below). We don’t usually see prominent equity analysts doling out proxy voting advice.

A few months later, we look at what happened.

User's avatar

Continue reading this post for free, courtesy of Michael Levin.

Or purchase a paid subscription.
© 2026 Michael Levin · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture