# Professor Roy Smith looks at CEO John Cryan's plan to withhold Deutsche Bank's dividends for two years

1 Faculty News October 28, 2015 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2015-10-28/deutsche-bank-plans-to-scrap-dividend-for-2-years-in-overhaul) -- "Announcements by his predecessors 'have lacked credibility because they didn’t want to admit that they couldn’t make it in investment banking, or because cost-cutting in Europe is harder to do than elsewhere,' [\[Roy\] Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith) said. 'But a dividend holiday truly gets attention, and may set Cryan apart from the rest as a doer.'"

[Read more](http://www.bloomberg.com/news/articles/2015-10-28/deutsche-bank-plans-to-scrap-dividend-for-2-years-in-overhaul)