# Prof. Roy Smith reacts to Deutsche Bank's "Strategy 2020" reorganization plan

1 Faculty News April 27, 2015 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/con_035448.jpg?itok=IVkgK8oz)>

Excerpt from [The New York Times](http://www.nytimes.com/2015/04/28/business/dealbook/deutsche-bank-reorganization.html) -- "'If anything you would have to say this is a muddling through,' said [Mr. Smith](http://w4.stern.nyu.edu/faculty/bio/roy-smith), who has written about Deutsche Bank’s strategy. Deutsche Bank remains enormously complex and difficult to manage, he said. 'It’s a big bull of a bank,' Mr. Smith said. Mr. Smith pointed out that the name of the reorganization plan, Strategy 2020, means that even if Deutsche Bank meets all its goals, it will still have been 12 years since the beginning of the financial crisis 'before they get to some kind of equilibrium.'"

[Read more](http://www.nytimes.com/2015/04/28/business/dealbook/deutsche-bank-reorganization.html)

Additional coverage appeared on [Bloomberg](http://www.bloomberg.com/news/articles/2015-04-25/deutsche-bank-profit-boost-seen-needing-more-than-postbank-sale).