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    In just two years, NYU Stern has lifted the number of full scholarships from zero to 34 for high-achieving/low-income business students who are admitted to the School’s Undergraduate College. Named “The Access Initiative,” the effort marks a radical change in the School’s ability to open its doors to the most promising young people with extreme financial need.
  • reuters logo feature
    Excerpt from Reuters -- "'It strengthens the hand of investors in other price-fixing cases based on benchmarks that were reached in collaborative, or outright collusive, arrangements,' said Lawrence White, a professor at New York University's Stern School of Business."
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    Excerpt from Bloomberg -- "'The Greek parliament approved significant increases in taxes and reductions in pensions, which are likely to intensify the recession, and also approved selling a large swath of state assets to partially pay for its debt,' said Nicholas Economides, professor at Stern School of Business at New York University. The IMF and the EU are too far apart on the issue of debt relief to converge by the May 24 Eurogroup meeting, Economides said, 'therefore the likely outcome is an approval of an installment of the EU part of the Greek loan with the IMF’s position to be clarified at a later time.'"
     
  • – Research Center Events

    New Research & Outlook on Credit Markets

    May 24, 2016
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    The NYU Salomon Center and S&P Global Market Intelligence will co-host a conference on “New Research & Outlook on Credit Markets” on Tuesday, May 24. World class academics, distinguished practitioners, and regulators will provide their research and insights on the global credit market outlook and hot topic issues.
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    Exerpt from CNBC -- "Eliminating forced labor in seafood is a monumental task that will require more from public and private actors. First, governments need to do more, both in consuming countries in North America and Europe, and in sourcing countries like Thailand. In the United States, Secretary of State John Kerry has launched an important new initiative, the Our Ocean Summit, aimed at protecting ocean resources. This initiative dovetails with new standards proposed by the National Oceanic and Atmospheric Administration to include data reporting to ensure seafood traceability from harvest to import."
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    Excerpt from Forbes -- "To increase casual interactions, everyone enters on the 12th floor. The first impression to hit you is the positive and productive energy—people seem genuinely happy. At the center of the top floor is a café and cafeteria, in some ways the heart of the office, with tables scattered around for drinking, eating, and impromptu meetings. Thirty screens mounted high around the center perimeter feature photos of the talent teams that work on each account, rotating along with client names and creative work highlights."
  • Pew Research Logo 192 x 144
    Excerpt from Pew Research -- "The reason why all the regulatory scrutiny [thus far] has been from city agencies is because the most salient services involved – mobility and accommodation – have historically been governed at the local level. As I discuss in my book, there’s a misfit between regulatory interventions that were necessary in the past and the new models. So the conflict isn’t surprising. Nobody’s in the wrong – it’s just that we need to rethink and reinvent regulation, rather than trying to retrofit."
     
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    Excerpt from Kathimerini -- "The IMF and the US now state that the Greek debt is unsustainable after its increase by 87 billion. With the July 2015 memorandum, the IMF proposed an extension of maturities of Greek obligations to Europe and a significant extension of the grace period in which Greece does not pay interest."
  • new york times logo feature
    Excerpt from The New York Times -- "They’re not so much agents as accomplices, new tools for ancient impulses, part of 'a long sequence of technological innovations that enable us to do what we want,' noted the social psychologist Jonathan Haidt, who wrote the 2012 best seller 'The Righteous Mind,' when we spoke last week. 'And one of the things we want is to spend more time with people who think like us and less with people who are different,' Haidt added. 'The Facebook effect isn’t trivial. But it’s catalyzing or amplifying a tendency that was already there.'"
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    Excerpt from the Business Standard -- "In order to promote India-centric research in the area of empirical finance and corporate governance, the Finance Lab of Indian Institute of Management Calcutta (IIM-C) has joined hands with the Stern Business School of New York University to hold the first-ever India-centric conference in the United States of America."
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    Excerpt from Barron's -- "Xavier Gabaix, a finance professor at New York University, has derived a crash-frequency formula that he believes captures a universal trait of all markets, not just equity markets or those in the U.S. According to that formula, the odds of a 12.8% crash in any given six-month period are 0.92%, almost as low as the actual frequency in the U.S. stock market over the last century."
  • marketplace radio logo feature
    Excerpt from Marketplace -- "The Japanese central bank is so desperate to spur growth that they’ve gone over to negative interest rates, and Japan has suggested it would like to devalue its currency to promote growth — which doesn’t sit well with the U.S. The aspect of Abenomics that calls for structural reforms and economic liberalization has been very slow to materialize, which NYU Stern Business School professor Gian Luca Clementi said is key to growing the country’s economy. 'There are lots of small banks that give loans on very dubious criteria, and lots of companies that are definitely not the most productive, but they are entrenched politically. [They] receive continuous financing for projects of dubious productivity,' he said. 'On the other hand, smaller entrepreneurs, younger entrepreneurs have a harder time getting financing.'"
  • fast company logo feature
    Excerpt from Fast Company -- "Failure to fix Airbnb's regulatory problems in New York and elsewhere would hurt the $25.5 billion-valued company’s prospects with future investors, public markets, and the public. 'The prospect of having to face regulatory risk questions every time they announce earnings, it’s just going to stymie the growth of the company,' says Arun Sundararajan, an NYU professor and the author of a recent book about the sharing economy."
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    Excerpt from Business 2 Community -- "There’s a phenomenon known as the illusion of explanatory depth, and the idea is that there are certain things that we assume we understand much better than we do. If you ask someone how well can they can explain how a bicycle works on a scale of one to ten, people will between an eight and a ten out of ten."
  • fortune logo feature
    Excerpt from Fortune -- "This is a world that needs better leaders, with new skill sets. The playbook from the past won’t cut it today. My advice for you as you enter this world is to be flexible, be bold, and don’t fear criticism."
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    Excerpt from The Wall Street Journal -- "Academics have previously found a more significant two-day effect [of hedge fund investments on stocks], but that is for fast-moving day traders, not investors. Over a month, a study a few years ago by Stephen Brown of New York’s Stern School of Business and Christopher Schwarz of the University of California found no impact from 1999 to 2008."
  • new york times logo feature
    Excerpt from The New York Times -- "Most of us have no difficulty recognizing luck when it’s on conspicuous display, as when someone wins the lottery. But randomness often plays out in subtle ways, and it’s easy to construct narratives that portray success as having been inevitable. Those stories are almost invariably misleading, however, a simple fact that has surprising implications for public policy."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "[Kotkin's] answer to 'How should we live?' is: amid an 'urban pluralism' that 'encompasses the city center as well as close-in suburbs, new fringe developments, and exurbs.' I find this quite sensible and level-headed but worry that the middle ground—the place we used to come to and to sit and reason together and agree on the common good—seems to be more and more difficult to get to these days."
  • – Graduation

    2016 Graduate Convocation

    May 20, 2016
    2015 Graduate Convocation feature image
    The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Friday, May 20, 2016 at the Theater at Madison Square Garden.
  • – Graduation

    NYU Stern’s Graduate Convocation 2016

    May 20, 2016
    Nyu graduate convocation 2016
    Learn more about NYU Stern's Graduate Convocation ceremony.
  • – Graduation

    NYU Stern's Undergraduate Baccalaureate 2016

    May 20, 2016
    Celebrate Possible | Undergraduate Baccalaureate 2015
    Learn more about NYU Stern's Undergraduate Baccalaureate ceremony.
  • Wall Street Daily 192 x 144
    Excerpt from Wall Street Daily -- "Polman is dedicated to securing Unilever’s role as a positive influence on the planet as well as the market. He’s dedicated to green energy, fair taxation, and innovations that help all kinds of people. Further, he’s keenly aware of the habits and patterns of consumers all over the world. His efforts will attempt to maintain Unilever’s sales and success, as, by 2020, millennials will have the majority of the U.S. vote. This rising generation is becoming more vital to the economy, and 80% of millennials want to work towards solving the issue of climate change."
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    Excerpt from Lohud.com -- "Thomas, who took office in January, received an executive MBA in finance and leadership after attending the school for two years every other weekend. 'I think it's going to help me really speak to the economic problems of Mount Vernon and connect a network of disconnects,' Thomas said Tuesday. 'Mount Vernon has never had a clear relationship with its finances. It's always been a political football.'"
  • huffington post logo feature
    Excerpt from The Huffington Post -- "Governor Andrew Cuomo’s $22 billion transportation capital plan, particularly the 'Pave NY' program, will yield major dividends for the Empire State. Should New York provide cities with the option to assess an infrastructure charge, we can leverage more public dollars to do more for the public good. As mayor of one of the densest cities in New York and in the nation, I see immense potential in this idea. It will raise the resources necessary to underwrite major long term construction projects, creating sustainable jobs and economic growth for years to come. Building and maintaining this vast network requires a coalition of engineers, equipment companies, contractors, and educators to trains and ready the workforce to do the work. Additionally, it will raise awareness of the need to reduce carbon emissions, making our air better to breathe."
  • fortune logo feature
    Excerpt from Fortune -- "Now it turns out that those women who have reached the top have probably been out-earning their male counterparts for years. That’s because companies making a genuine effort to increase diversity in senior management have apparently been holding on to 'high-potential' women — meaning those perceived as having the right skills and talent to move up — at least in part by paying them more than 'high-potential' men. On average, says a new study, high-potential women earn 10% more annually than their high-potential male colleagues."

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Contact NYU Stern Public Affairs

If you're a member of the press, please contact Stern’s Office of Public Affairs at:

Phone: 212-998-0670
Fax: 212-995-4950
Email: paffairs@stern.nyu.edu

Or contact us directly:

Jessica Neville, Executive Director
(416) 516-7677; jneville@stern.nyu.edu

Rika Nazem, Executive Director
(212) 998-0678; rnazem@stern.nyu.edu

Carolyn Ritter, Director
(212) 998-0624; critter@stern.nyu.edu

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