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Saylor’s MSTR challenges MSCI delisting test as “fundamentally flawed”

Michael Saylor’s Strategy (MSTR) told MSCI that its latest proposal to exclude “non-operating” companies from benchmarks is “fundamentally flawed,” citing reputational damage.

MSCIMSTR

Michael Saylor’s Strategy (MSTR) told index provider Morgan Stanley Capital International (MSCI) that its latest proposal to exclude “non-operating” companies from its benchmarks was “fundamentally flawed,” the second time in less than a year the firm has pushed back against an MSCI effort to remov…