NYU Stern
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  • sydney morning herald logo feature
    Excerpt from Sydney Morning Herald -- "NYU Stern School of Business professor Stephen Brown, who has studied the interim report, said policy around financial advice needed to ensure conflicts of interest were minimised and remuneration structures had a big effect. 'I am a great proponent of fee-based financial advice,' he said. 'That is ethical and the appropriate way to do this. People need advice and they need unconflicted advice.'"
  • cctv logo
    Excerpt from CCTV -- "On the one hand, it’s a good move because the people getting these loans don’t understand how bad things can get if they don’t pay them back. So one solution to go after the lenders who are being exploitative. But it’s also important we recognize there is a significant fraction of the United States that is unbanked."
  • cnbc logo feature
    Excerpt from CNBC -- "We have a Center for Business and Human Rights precisely because millennials are concerned with this. They're not just concerned about doing good, they're not just concerned about making ethical decisions on tax inversion and re-domiciling, but they're concerned about, how do they do that in the context in which they are also capitalists. They also want to make money. They want to do well for their families. So, how do we... address that? And I think that what we are trying to instill here with the Center for Business & Human Rights is really, how does human rights and these other questions... how do they come up in the classroom? And, more importantly, we're seeing them pop up not just in ethics... but we're treating it as a business question... I think that, at Stern, it's important to us to instill that character and integrity in our students."
  • cnbc logo feature
    Excerpt from CNBC -- "One of the things we're really focused on with our students is helping them be leaders by asking the right questions. So, this morning, actually, we just welcomed our incoming class of 409 MBA students. And we put in front of them Malcolm Gladwell, who spoke very, very passionately about the connection between leadership and data, actually. So, in other words, it's not enough just to have lots of information. You have to ask the right questions about how to use that information."
  • huffington post logo feature
    Excerpt from The Huffington Post -- "Just as companies have begun in recent years to monitor social media like Facebook and Twitter for feedback, the recent spate of high-profile recorded customer-service calls may push some companies to improve their customer service, according to Priya Raghubir, a professor of marketing at New York University's Stern School of Business. 'Just the mere fact that consumers could be doing this will get companies to start being a little more cognizant of trying to reduce the extent they try to hold customers hostage,' Raghubir told HuffPost."
  • – Faculty News

    Prof. Scott Galloway discusses Google's future

    August 19, 2014
    bloomberg logo feature
    Excerpt from Bloomberg -- "I think [Google's] ultimate goal, even if none of these great things - self-driving cars, or blimps that increase broadband - come to fruition ... as long as they maintain that status as the supreme source, the most trusted source of information in the world, they're going to do just fine without driverless cars or any other product. So the future looks pretty good for them other than the law of big numbers. It's hard to improve a 400 billion dollar market cap."
  • insidecounsel logo
    Excerpt from InsideCounsel -- "In a statement to InsideCounsel, Michael Spence, a Nobel prize winning economist who teaches at New York University's Stern School of Business, said that, 'Under normal competition policy rules, charging a high price is not a violation of anything unless there is collusion among competitors,' Spence explained. 'There doesn't seem to be any evidence or commentary on that point.'"
  • brw magazine logo
    Excerpt from BRW -- "Much of my investigation centered on flat-panel computer displays. I examined company and product data for 55 firms from the 1980s through the 2000s. Initially, companies pursued either plasma screens or liquid crystal displays. LCDs turned out to be the right call, but several firms with an early focus on plasma, including IBM, ended up as the top LCD performers. Why? I believe that switching to a new technology often forces companies to rapidly ascend a steep learning curve, and they can then use their knowledge to beat competitors whose learning proceeded more slowly."
  • financial times logo feature
    Excerpt from Financial Times -- "The wider lesson, according to Michael Spence, a winner of the Nobel Prize for economics, is that the main current threats to prosperity – those that urgently need effective international co-operation – are the spillover effects of regional tensions, conflict and competing claims to spheres of influence. The most powerful impediment to growth, he adds, is a loss of confidence in the systems that made rising global interdependence possible."
  • forbes logo feature
    Excerpt from Forbes -- "I’ve been amazed each time I discover a new, innovative Microsoft Kinect application for Windows gesture, voice and movement sensing technology. The areas are as diverse as healthcare, education, retail and business-to-business product demos. What Microsoft has done with Xbox Kinect beyond video games highlights two important aspects of new product innovation I think more firms should engage in..."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "I think the world will probably segment into apartment buildings that will advertise themselves as being Airbnb-free and there will be other apartment buildings where people will encourage Airbnb. So you will have an actual segmentation based on what kind of living experience you want and what kind of supplemental income generating potential you want your real estate to have."
  • The New York Times
    Excerpt from The New York Times -- "Beautiful Asset did another review of the art market, using a different measure, and reached a similar conclusion: While, historically, the percentage of works resold within five years is higher now than it was, say, two decades ago, that percentage has been decreasing since 2008. 'It reached a high right before and after the financial crisis,' said Michael Moses, a founder of Beautiful Asset, 'and it has been declining since.'"
  • reno gazette journal logo
    Excerpt from Reno Gazette Journal -- "Kruger and Dunning refer to their finding as the 'dual burden' of the unskilled: 'Not only do these people reach erroneous conclusions and make unfortunate choices, but their incompetence robs them of the metacognitive ability to realize it.'"
  • bloomberg logo feature
    Excerpt from Bloomberg -- "'There’s often an issue that regulators don’t completely understand' the sharing-services industry, said Arun Sundararajan, a professor of information, operations and management sciences at New York University. 'It’s particularly interesting in the area of aviation regulation as it is by far the most regulated transport industry, so it’s going to be a tough transition.'"
  • washington post logo feature
    Excerpt from The Washington Post -- "The study found that, overall, women are 13 percent more likely to meet their Kickstarter goals than men, and the effects are most evident in areas like technology. While less than 10 percent of the technology projects are accounted for by women-led teams on Kickstarter, 65 percent of the technology projects founded by women reached their fundraising goals, compared with just 30 percent of male-led ventures succeed."
  • The New York Times
    Excerpt from The New York Times -- "Another study by Jason Greenberg at New York University’s Stern School of Business and Mr. Mollick also found higher proportions of female funders led to higher success rates in capital-raising for women."
  • forbes logo feature
    Excerpt from Forbes -- "In his book The Happiness Hypothesis, Jonathan Haidt writes: 'The mind is divided in many ways, but the division that really matters is between conscious/reasoned processes and automatic/implicit processes. These two parts are like a rider on the back of an elephant. […] Learning how to train the elephant is the secret of self-improvement.'"
  • fox business logo feature
    Excerpt from Fox Business -- "If you look at the opportunity [of Vurb], I think it's fantastic. They've innovated - it's a typical work-around because it's amazing that nobody else is looking at this situation. The reason for that, I think, is it wasn't a big enough problem to be really broken, it was just one of these...small frustrations that people got complacent about. The second thing was there's been a value shift in the markets so people are moving away from the web on to mobile so they're capitalizing on search for the mobile future. The third thing is they've really leveraged an ingrained behavior."
  • bbc news logo feature
    Excerpt from BBC News -- "Sam Craig, professor of marketing and international business at New York University's Stern School of Business, agrees with Brompton's patient, long-term approach to the US market, saying that such a policy is vital if a foreign firm wants to gain a foothold. 'There is a big difference between selling products in the US and establishing a strong presence,' he says. 'Your product or service has to stand out, be distinctive, and offer superior value.'"
  • CKGSB Logo
    Excerpt from CKGSB Knowledge -- "The rate of change in the world has been accelerating in terms of in developing economies, how easy it is to start a business, the rapidity with which commercial ventures are growing and changing, the recognition of really serious global problems that need more creative solutions to be solved, everything is moving more quickly and the standards are getting higher. So [there is a] much more competitive environment, much more rapidly moving environment, we need new ways to do things."
  • cctv logo
    Excerpt from CCTV -- "'So some countries like France might be heavily indebted, but they have a long tradition of paying high tax rates, going along with whatever along is needed to pay their debts. Other countries like Argentina, I recall it defaulted when it only had 30% to 40% debt to GDP, they just did not have the political will to do so. Then there’s countries like Pakistan where there’s such unrest and so many economic challenges, that whatever the debt is, you just question the ability of the government to repay it,' Joseph Foudy said."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "On Kickstarter, where backers make contributions in exchange for rewards, women-led companies account for less than 10% of technology projects. But roughly two-thirds of women-led technology ventures reached their fundraising goals versus just 30% of technology ventures with male founders, according to a new academic study. Overall, women are 13% more likely than men to meet their Kickstarter goals, even after controlling for project type, amount being raised and other factors, according to the analysis, which examined 1,250 projects in five categories that sought at least $5,000 between 2010 and 2012."
  • financial news logo feature
    Excerpt from Financial News -- "What ethical and cultural workshops will accomplish is unclear. Such events have a history of being of little value but, with some effort by the Fed, the forthcoming ones could be quite significant. The Fed could begin by defining the standards it wants banks to meet. These should begin with the requirement that all banks strive to achieve a culture that values high ethical conduct and insists on treating customers fairly. The effort to do this is auditable to a reasonable degree. The Fed could say it will provide a “safe harbour” for banks – that is, will hold them blameless as institutions – if they can demonstrate they have adopted and are enforcing policies that make unit heads and mid-level management responsible for the integrity of products and marketing and sales procedures. Products or procedures that involve potentially injurious conflicts of interest, or rely on loopholes or technicalities, need to be nipped in the bud."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "Companies that have affirmative action programs – some with a government contract are required to do so – risk subjecting minorities and women to increased scrutiny from their peers, Leslie’s research suggests. ... the policies are seen as making minorities and women more competitive, giving them a leg up in the race for resources and jobs. 'We tend to make negative attributions about people we compete with,' Leslie said, for example assuming they’re not nice. That can lead to less positive performance reviews from superiors. ... She recommends companies combat the perception that minorities and women aren’t qualified by stressing that hiring and promotions are based on merit. Organizations should also emphasize that diversity benefits everyone, Leslie said, pointing to findings that heterogeneous groups outperform homogenous ones and that a range of perspectives can lead to more creativity and innovation."
  • business insider logo feature
    Excerpt from Business Insider -- "In a New York University study, researchers found that people with easier-to-pronounce names often have higher-status positions at work. One of the psychologists, Adam Alter, explains to Wired, 'When we can process a piece of information more easily, when it's easier to comprehend, we come to like it more.' In a further study, Alter also found that companies with simpler names and ticker symbols performed better in the stock market."