# Professor Roy Smith discusses declining profits in investment banking

1 Faculty News September 5, 2016 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from [Financial Times](http://www.ft.com/cms/s/0/57dde0f8-712e-11e6-a0c9-1365ce54b926.html#axzz4JTzBHyLR) -- "Boosting returns needed 'out-of-the-box thinking' and perhaps external pressure from activist shareholders, \[[Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith)\] said, to force deeper restructuring. 'Lots of stuff has to happen. These companies are essentially adrift at the moment.'"

[Read more](http://www.ft.com/cms/s/0/57dde0f8-712e-11e6-a0c9-1365ce54b926.html#axzz4JTzBHyLR)