Hudson Executive Capital disclosed a stake in Comerica with fanfare earlier this year, part of an effort to push the bank toward a sale. That didn't pan out.
CLSA analyst Mike Mayo is no stranger to controversy, and the latest episode is no exception. He believes the Texas lender Comerica intentionally kept him off a conference call.
Comerica, the Texas lender, drew shareholder ire for its flagging profitability. In response, the bank has unveiled a cost-cutting plan -- but is stopping short of an outright sale.