# Professor Roy Smith weighs in on some of the recent leadership changes at Bank of America

1 Faculty News September 20, 2018 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2018-09-20/as-bofa-gets-gun-shy-on-risk-some-executives-head-for-the-door) -- "'That is not what the investment bankers signed on to be; they wanted to be "masters of the universe" and make big bucks,' said Roy Smith, emeritus professor of management practice at New York University’s Stern School of Business. 'They didn’t sign on to be low-risk public utilities.'"

[Read more](https://www.bloomberg.com/news/articles/2018-09-20/as-bofa-gets-gun-shy-on-risk-some-executives-head-for-the-door)