# Professor Roy Smith comments on leadership changes at private equity firms

1 Faculty News October 27, 2017 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](https://www.ft.com/content/d31ea406-baf6-11e7-9bfb-4a9c83ffa852) -- "'Carlyle is going about it sensibly, without taking away from the firm the founders’ clout and influence with big investor institutions,' says Mr [Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a Goldman Sachs partner before he went into academia. 'Others will do the same.'"

[Read more](https://www.ft.com/content/d31ea406-baf6-11e7-9bfb-4a9c83ffa852)