# Professor Roy Smith comments on Silicon Valley's efforts to work with more diverse underwriters

1 Faculty News February 18, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2016-02-18/silicon-valley-pushes-for-diversity-on-wall-street) -- "Others, however, see the Silicon Valley move mainly as public relations: Allocating a tiny fraction of deals to the firms costs corporations next to nothing. 'It’s entirely cosmetic,' says [Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a professor of finance at New York University and a former partner at Goldman Sachs. 'It’s a sign of good behavior.'"

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