The five-page job-wanted ad in the Feb. 5 Fortune really worked. Michael Mayo, the dismissed bank stock analyst at Credit Suisse First Boston, has landed a job as managing director in charge of bank-stock analysis at Prudential Securities.
It seems like a perfect fit, where Mayo can do a lot of good and no harm. Prudential has no investment banking business, so Mayo won't be in a position to scare customers away. But his reputation as a tell-the-raw-truth analyst should be great for Prudential's retail brokerage customers. Part of his job at Prudential will be to train young brokers on how to do the same. "My style fits the strategy of Prudential," Mayo says.
The Fortune "ad," of course, wasn't paid; it was just a long story saying that Mayo got tossed out of Credit Suisse by telling the truth and driving away its fat-fee investment banking customers.