Experience News & Events

On July 30, the NYU Stern Center for Innovation in Teaching and Learning will be honored for its work on Langone Lab Orientation with the 2014 Campus Technology Innovators Award at the 21st Annual Campus Technology Conference.

Excerpt from Quartz -- “Detroit is a long way from Dhaka, but the American city’s effort to address blight offer lessons for cleaning up the garment sector in Bangladesh. Released in May, the Detroit’s Blight Removal Task Force’s plan (pdf) offers a practical vision for addressing the more than 78,000 dilapidated buildings that are the primary obstacle to the city’s growth and vitality. In the year since the factory collapse in Dhaka, which killed more than 1,100 garment workers, brands and policymakers have focused on improving inspection in a subset of factories producing for the export market. … The next important step for Bangladesh—and the brands and retailers that depend on the country’s apparel sector—is developing a comprehensive plan for relocating, closing, and fixing factories. Here’s where Detroit can help.”

Excerpt from Project Syndicate -- "The global economy is a far more highly interconnected place than it was 40 years ago. The cross-border flows of goods, information, people, and capital that are its lifeblood rely on a threshold level of safety, stability, and predictability. It is this threshold that appears to be under threat. Continued economic progress in the developing world and recovery in the developed countries requires preventing local and regional conflict from delivering large systemic shocks."

Excerpt from TIME -- "'People are seeking out human connection in our day-to-day economic transactions,' says Arun Sundararajan, a business professor at New York University who studies these budding economies. 'There is a noneconomic value that comes from giving your stuff to other people'"

Excerpt from Quartz -- "'It’s a reflection of the fact that Bangladesh is at the beginning of the chain for manufacturing.' said Sarah Labowitz, a research scholar on business and human rights at NYU Stern School of Business, and a co-author of Stern’s report on supply chains and sourcing after Rana Plaza (pdf)."

Excerpt from The New York Times -- "Russ Winer, a professor of marketing at the Stern School of Business at New York University, said the campaign was 'an important thing for Ryder to do' for businesspeople who have misperceptions about its current strategy."

Excerpt from Associated Press -- "While companies sell Fair Trade food, clothing and bedding products because they believe in being socially responsible, the goods can also be part of a marketing strategy, says Russell Winer, a marketing professor at New York University's Stern School of Business. Sixty percent of shoppers are willing to pay the higher prices that Fair Trade items tend to have, according to a 2013 study he co-wrote."

Excerpt from Slate -- "A 2008 paper by Xavier Gabaix and Augustin Landier concluded that the entire 'six-fold increase of U.S. CEO pay between 1980 and 2003 can be fully attributed to the six-fold increase in market capitalization of large companies during that period.'"

Excerpt from The Guardian -- "[Michael] Posner, now a professor at New York University, called Tye 'conscientious, diligent and honest. A very dedicated public servant'. Posner declined to give his own perspective on 12333 or Tye's op-ed, but commented: 'I am broadly concerned that there needs to be a broader public debate about the scope of US surveillance, the consequences for privacy, and the way information is both collected and used.'"

Excerpt from E-Commerce Times -- "Since secrecy is such an integral component, it seems a little surprising that Secret would want to add Facebook integration, said Anindya Ghose, professor of IT and marketing at New York University and co-director of the Center for Business Analytics at NYU Stern. ... 'At first glance, it seems counterintuitive to me. The foundation of Secret is based on preserving anonymity. A potential integration with Facebook can jeopardize the comfort feeling that current users have with this app,' Ghose suggested."

Excerpt from Bloomberg -- “'People who are conservative can unload the stock because there’s probably a line around the block of hedge funds and risk arbs that are willing to take the risk,' said Charlie Murphy, a professor of investment banking at New York University’s Stern School of Business. 'There’s a lot of demand out there because it’s a really exciting deal.'”

Excerpt from The New Yorker -- "This isn’t to say that TaskRabbit is to blame for the present state of affairs; in fact, it’s probably helping underemployed people find work that might otherwise have been difficult to track down. 'Increasing demand for relatively low-skilled people is an attractive proposition,' [John] Horton told me. 'Sometimes the sharing-economy rhetoric is sort of BS-y. It really is rich people buying from poor people. But that’s not necessarily a bad thing.'”

Excerpt from SF Gate -- "NYU business professor Arun Sundararajan said he sees the change as a positive. 'It counters the argument that these platforms are creating low-wage jobs that will suck the life out of the economy,' he said. Services like Homejoy that provide training, employee background checks and other features, 'are creating a more valuable product so they can charge a higher price.'”

Excerpt from CFA Institute -- "I don’t think there is one right way to do investing. The markets accommodate all these different points of views, and actually there is money to be made [using many of these approaches] although it’s getting harder all the time. People have the same skill sets, and they are all pretty well tagged up."

Excerpt from Financial Times -- "Relying on cyclical patterns to judge economic and financial trends may not be as dependable as it once was because of the structural changes in financial markets. Compared with just a few decades ago, financial markets are huge, trading activity is huge and financial assets are highly concentrated in relatively few institutions that are deemed too big to fail."

Excerpt from Stars & Stripes -- "Professor J.P. Eggers at the New York University Stern School of Business, said the new leadership also needs to evaluate middle managers to figure out whom to empower and whom to sideline. 'I would thoroughly expect that there would be a number of interviews [and] conversations to try and identify … the ones who are too far gone to save in terms of their commitment to the existing status quo, versus the ones who have the potential for leadership, who have the reputation within the organization, and will have the willingness to push for change; and finding ways to get those people as involved as possible in identifying problems [and] identifying solutions,' he said."

Excerpt from TIME -- “'Here you can evaluate the quality of output over time and then decide whether you want to continue subscribing or not,' says Anindya Ghose, a professor of information, operation and management sciences at New York University who also studies crowdfunding. 'It’s a very positive self-reinforcing cycle where people give small amounts of money, which incentivizes artists to do a better job, which then leads people to give more money more frequently.'"

Excerpt from Financial Review -- "'It’s a rebirth of the notion that bigger is better,' says C. Samuel Craig, director of New York University’s Stern School of ­Business entertainment, media and tech­nology program."

Excerpt from The Wall Street Journal -- "[Anish] Patel, 20, is the founder of Uplift Humanity, a New Jersey-based nonprofit that works with orphans and imprisoned youth in India. It’s an organization he founded four years ago, following a series of annual family vacations to Gujarat. 'My yearly trips to India gave me a new understanding of how luck defines the circumstances you are put in,' he said. 'I believe these kids deserve a second chance.' ... Mr. Patel’s organization focuses primarily on youth who are caught in a cycle of poverty and theft. “You can work on confidence-building and anger management. The kids who come to these facilities struggle with low self-esteem and it’s a major factor as to why they turn to things like theft,” he said."

Excerpt from El Pais -- "Productivity in some parts of Europe was low before the crisis, but fell [further during the crisis] and still has not recovered, except in Germany. Unlike Japan, on the outskirts loss was especially [in the area of] employment. Moreover, Europe does not seem to be making the investment in human capital [they] should do to improve their productivity."

Excerpt from Le Monde -- "Today, more than 20% of the American workforce is independent, that is to say, not employed by a traditional organization, and this figure is growing rapidly. This dynamic is reflected in the fact that significant portions of the innovative activity migrate increasingly outside organizations. This has resulted in a dramatic increase in micro-entrepreneurship. Part of this entrepreneurship and innovation on a small scale can lead to the creation of large traditional companies, but a large share of economic activity could still be caused by this new hybrid-business market."

Excerpt from Bloomberg -- "'It is based on actual trades amongst a select group, rather than being based on trades by all market participants,' Rosa Abrantes-Metz, a professor at New York University’s Stern School of Business, said today by phone. 'The benchmark should be based on trades that are occurring for a longer period of time in the day. It should be based on trades that can be collected electronically and by anybody that’s traded during that time period.'"

Excerpt from San Francisco Chronicle -- "Arun Sundararajan, an NYU business professor who studies emerging digital economies, said it's not possible to determine whether the complaints are from a vocal minority or represent widespread dissatisfaction. 'It seemed like (the new model) was a necessary shift for TaskRabbit to grow, but they may have underestimated the extent to which providers and clients felt a sense of ownership over doing things the old way,' he said. 'In any marketplace, the people who are trading start to feel engaged with the process they have learned.'"

Excerpt from Business News Network -- "It's actually very difficult to really say whether insider trading occurs or not... We got inspired by a series of insider trading cases that were discussed in the financial press. We just thought we should go out there and do a systematic study on this in the context of M&A activity and in the options market. Now, within that market, what we see is that there is unusual activity in the options market going on ahead of these announcements, but that only suggests that there is a lot of informed trading. So it's very difficult to say whether that is insider trading or not."

Excerpt from BusinessBecause -- "NYU Stern created the Social Impact Internship Fund, a financial stipend of up to $10,000, which supports first-year full-time MBA students who wish to complete a summer internship working at the intersection of business and society. Several other schools have followed suit. Recipients have worked with nonprofit organizations [and] for-profit social enterprises, and started their own social ventures."