NYU Stern
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  • forbes india logo
    Excerpt from Forbes India -- "[Lev] was one of the first to credibly point out the limitations of traditional accounting-based financial analysis in capturing a) the true risk profile of company and b) value creation possibilities. He believes that traditional financial analysis captures maybe 15 to 20 per cent of the reality—and I agree."
     
  • fortune logo feature
    Excerpt from Fortune -- "We found that all of the job losses associated with falling house prices during the Great Recession are concentrated among establishments of companies that increased their leverage during the go-go years. Put another way: Employees who had the bad luck of living in towns with a relatively high concentration of debt-laden companies were more likely to get laid off than people who lived elsewhere."
  • new york times logo feature
    Excerpt from The New York Times -- "Between 2009 and 2011, a group of economists at New York University’s Stern School of Business published an influential series of reports and books that sought to explain what, exactly, happened during the financial crisis. ... For the report’s principal authors, Matthew Richardson and Viral Acharya, the evidence of this shift came from careful study of the various ways that banks have legally evaded regulation of their capital requirements.A fundamental tenet of bank regulation is that banks shouldn’t borrow too much, because being overleveraged makes them vulnerable to collapse."
  • bloomberg logo new
    Excerpt from Bloomberg -- "An exit from the euro 'would be a full-scale disaster for Greece, including the collapse of its banks, severe devaluation of its new currency, poverty and hyperinflation,' said Nicholas Economides, an economics professor at New York University’s Stern School of Business."
  • bloomberg logo
    Excerpt from Bloomberg -- "'It’s really about how Goldman is reacting to the tidal wave of litigation that now seems to be part of the ongoing government toolkit for regulating banks,' said Roy Smith, a professor of finance at New York University’s Stern School of Business and a former Goldman Sachs partner. 'It can help to have some people who know how government prosecutors and investigators think, some guy who has the mindset of an alligator.'"
  • san francisco chronicle logo feature
    Excerpt from San Francisco Chronicle -- "The survey results 'underscore that schedule flexibility and work-life balance will be critical for the workforce of the future,' said NYU business professor Arun Sundararajan, who studies the on-demand economy. He thinks that about half of workers will be free-lancers over the next decade, either exclusively or for supplemental income."
  • institutional investor logo feature
    Excerpt from Institutional Investor -- "In reality, the market is just inefficient enough to allow skillful, hardworking active investors compensation for their efforts, costs and risks, but that’s the extent of the inefficiency. The market is just inefficient enough to reward skill, but efficient enough to discourage any more active investing than that."
  • bloomberg logo
    Excerpt from Bloomberg -- "Romer's mathiness eruption…it’s about the role of math in economic theory. Romer says that in the new, debased culture of macroeconomics, 'empirical work is science; theory is entertainment.'"
  • financial times logo feature
    Excerpt from Financial Times -- "'I think that Barclays is just the tip of several fines on Isdafix. Isdafix may become very large, as swaps are a very large market too. Maybe fines will not be bigger than the foreign exchange fines, but I expect they could still be very big,' says Rosa Abrantes-Metz, managing director of Global Economics Group, an economic analysis company."
  • clear admit logo feature
    Excerpt from Clear Admit -- "...Stern this year expanded 'allyship'—a concept promoted within the LGBTQ community of inviting straight peers to serve as allies to LGBTQ community members—to be inclusive of all community members, a first among business schools. As part of Ally Week in April, a full 75 percent of the student body signed the Ally Pledge, promising to serve as allies to one another. 'The Ally Pledge historically has been LGBTQ-specific,' says Hurnyak. 'We changed it so that it includes all people and calls for a promise to respect everyone, making Stern a safe space for everyone.'"
  • Fort Worth Star Telegram
    Excerpt from Fort Worth Star Telegraph -- "Having researched gender stereotypes in the workplace for more than a decade, we believe what needs to happen is a change in the way gender is discussed in order to facilitate progress toward gender equality."
  • – Graduation

    2015 Graduate Convocation

    May 21, 2015
    2015 Graduate Convocation feature image
    The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Thursday, May 21, 2015 at the Theater at Madison Square Garden.
  • financial times logo feature
    Excerpt from Financial Times -- "My brief time in the country challenged my Western perspective and broadened my worldview in important ways. It’s inspiring to visit a place where people govern their lives differently from the way you govern your own. You not only begin to understand the nuances of their culture but you become sensitive to their unique customs and norms—sometimes even leading you to question why things are the way they are in your own culture. In essence, this is what emotional intelligence (EQ) is all about: bridging differences, building empathy and growing self-awareness."
  • SF Gate Logo
    Excerpt from SFGate -- "The survey results 'underscore that schedule flexibility and work-life balance will be critical for the workforce of the future,' said NYU business Professor Arun Sundararajan, who studies the on-demand economy. He thinks that about half of workers will be freelance over the next decade, either exclusively or as supplemental income."
  • bloomberg logo feat
    Excerpt from Bloomberg -- "I think this settlement will show that authorities are serious about deterring future behavior. I think that part of changing future behavior is also a lot of the changes that have happened with respect to how benchmarks are set. The reality is that benchmarks are easy targets - they're very easy to manipulate, nobody was looking, and the gains were humongous."
  • bloomberg logo feat
    Excerpt from Bloomberg -- "'It is likely Barclays is just the first bank' that will settle the ISDAfix charges, said Rosa Abrantes-Metz, an adjunct professor at New York University’s Stern School of Business who is serving as a consultant on a civil lawsuit against the banks related to ISDAfix. 'I studied the likelihood that actual collusion between the banks occurred and the empirical evidence supports that.'"
  • cnbc logo feature
    Excerpt from CNBC -- "The three previous agreements with the lenders, while leading toward a balanced budget and solving fiscal deficits, implemented very few of the microeconomic reforms that would guarantee Greece becoming competitive and eventually not needing any more loan help. At the signing of its fourth loan agreement, it is high time to learn from the mistakes of the previous three and stress the micro rather than the macro part of the program."
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "There is plenty of incentive for countries to collaborate, rather than using trade, finance, monetary policy, public-sector purchasing, tax policy, or other levers to undermine one another. After all, given the connectedness that characterizes today’s globalized financial and economic systems, a full recovery anywhere is virtually impossible without a broad-based recovery nearly everywhere."
  • Vice logo
    Excerpt from VICE -- "Greek economist Nicholas Economides, a professor at the Stern School of Business in New York, said leaving the Eurozone would have as severe consequences as the 1919-1922 Greco-Turkish war. 'We're talking about an enormous bank run as a result, no confidence in the new currency, poverty much worse than we've already seen, lack of basic items such as medicine and petrol,' ... Nobel Laureate Thomas J. Sargent, the summit's keynote speaker, told VICE News Greece was a key factor in what would happen next with Europe's single currency. 'Greece is right at the center of destiny of the Euro, not whether it survives but what it will look like as it survives,' he said."
  • fox business logo feature
    Excerpt from Fox Business -- "It's no longer a case of yes, Strategy A is the right direction...investors want to know that you can not only do Strategy A but you can do B, C, D or E or any combination of that if circumstances change. The problem is Yahoo hasn't put that vision out - nobody really knows how they're going to play out..."
  • huffington post logo feature
    Excerpt from The Huffington Post -- "You wouldn't know it from the record low level of government bond yields, but much of Europe lives under a severe debt burden. Nonfinancial corporate debt exceeds 100 percent of GDP in Belgium, Finland, France, Ireland, Luxembourg, Netherlands, Portugal, and Spain. And, gross government debt (as measured by Eurostat) is close to or exceeds this threshold in Belgium, France, Greece, Ireland, Italy, Portugal and Spain."
  • OZY logo
    Excerpt from Ozy -- "Most professions worth their salt require certification, reasons NYU Stern Business School professor of management Anat Lechner. Yet people in management, who 'control, very often, many resources — and can influence pretty much everybody in society, directly and indirectly — don't.' She adds, as we all know too well, that 'one bad manager can ruin the lives of pretty much everybody underneath them.'"
  • – School News

    Stern's new MS in Accounting is featured

    May 18, 2015
    poets and quants logo
    Excerpt from Poets & Quants -- "And now a new opportunity is coming, that will prepare college graduates in one year to enter the field at the high levels a CPA certification confers. New York University’s Stern School of Business has just announced a new one-year master’s degree in accounting, which will satisfy the education requirements to become a CPA in New York and many other states. In recent years, increasing regulations on business have spurred rising demand for CPAs, says Thomas Pugel, Stern’s vice-dean of MBA programs."
  • forbes logo feature
    Excerpt from Forbes -- "Here are my top picks for pioneers embracing new forms of technology at retail, to differentiate themselves among digitally savvy target audiences. In so doing, they’re better meeting consumer needs such as product customization, or quality and speed of service and payment."
  • – Faculty News

    Prof. April Klein on DuPont's proxy fight

    May 18, 2015
    usa today logo feature
    Excerpt from USA Today -- "April Klein, a professor of accounting at New York University’s Stern School of Business, said the money spent to keep Peltz off the board will benefit the company in the long run because it forced DuPont to review strategies to increase its stock price. She noted the proxy campaign’s $15 million cost is only a small percentage of DuPont’s $66.7 billion capitalization."
     

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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:

Joanne Hvala, Associate Dean
(212) 998-0995; jhvala@stern.nyu.edu

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

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

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

Anna Christensen, Associate Director
(212) 998-0561; achriste@stern.nyu.edu

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