Newspaper article Evansville Courier & Press (2007-Current)

Famous Shareholder Activist Pipes Down ; Gadfly Evelyn Davis Decides She'll Retire from Attending Annual Meetings

Newspaper article Evansville Courier & Press (2007-Current)

Famous Shareholder Activist Pipes Down ; Gadfly Evelyn Davis Decides She'll Retire from Attending Annual Meetings

Article excerpt

Evelyn Y. Davis is the world's most famous shareholder activist. She's also the most outspoken, the most outrageous, the most intelligent, the most confi-dent, the most charming. Just ask her.

"There's no other shareholder like me!" she declared in a recent interview. "There's no other woman like me!"

For decades, Mrs. Davis has been buying stock in big companies for the primary reason, it seems, of attending their annual meetings and turning them into her personal stage.

Simultaneously brash and flirty, she heckles CEOs, remarks on their handsomeness, yells at other shareholders and proclaims she knows more than anyone else in the room.

So there was something missing this year when Mrs. Davis didn't show up at any company's annual meeting. Not Bank of America. Not US Airways. Not Ford or Goldman Sachs or any of the dozens she usually attends.

Age has finally made her do what the most powerful CEOs in

America couldn't: Give it a rest.

"I'm not so young anymore," said Mrs. Davis, 82.

This is the first year she won't publish "Highlights and Lowlights," the newsletter in which since 1965 she has reported on company meetings and how she was treated at them, which reporters gave her the most coverage and anything else on her mind. …

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