NYU Stern
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  • TASS Chapter of Year Award
    NYU Stern’s chapter of The Adam Smith Society (TASS) was awarded Chapter of the Year at TASS’s National Meeting. The award recognizes the success of Stern’s chapter in the number and quality of on-campus events and in the growth of their membership.
  • – Research Center Events

    Tenth Annual Haitkin Lecture

    March 26, 2015
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    The NYU Stern Business & Society Program will host the Tenth Annual Haitkin Lecture on Thursday, March 26.
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    Excerpt from CKGSB Knowledge -- "One New York University economist sees the availability of on-tap computing and memory storage as a particularly important new advantage. Where 10 years ago, a start-up had to invest significant money in computer systems, today it will simply rent the computing power it needs, says Nicholas Economides, a professor of economics at NYU’s Stern School of Business and a noted scholar on network effects. 'Now you can just go to Amazon or Microsoft or Google and rent computing power at a very low price, so innovating has become much cheaper.'"
  • accepted logo feature
    Excerpt from Accepted.com -- "Make sure an MBA program is going to give you the value that you're seeking. It's a big investment. Time, money and effort. And so, be really sure that this is what you need for the next step in your career and profession and that this is the right time to do it."

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  • cbs logo feature
    Excerpt from CBS News -- "'Because of the fact that Uber's brand and Lyft's brand have emerged very rapidly and have sort of taken on the sheen of, you know, "This is a big company; I can trust this company,"' Sundararajan said. But he urged caution. 'Until we understand what the risks associated with this are, and that can only come with time. I would be cautious about engaging in behaviors like sending kids alone in an Uber or Lyft,' he said."
  • – Research Center Events

    A Conversation with Montek Ahluwalia

    March 25, 2015
    Montek Ahluwalia
    The NYU Stern Center for Global Economy and Business will welcome Montek Ahluwalia, former deputy chairman of the Planning Commission of the Republic of India, for a talk and Q&A session on March 25.
  • forbes logo feature
    Excerpt from Forbes -- "The Bangladesh Accord on Fire and Building Safety (the Accord) and the Alliance for Bangladesh Worker Safety (the Alliance) are working to improve the building and fire safety of Bangladeshi garment firms. According to a Guardian post by Sarah Labowitz of the Center for Business and Human Rights at NYU’s Stern School of Business, an average cost of factory upgrades is estimated by the Alliance to be around $250,000 per factory. Since the total number of factories recognized by various brands comes to about 1,800, the upgrades could cost $400 million for those identified factories alone."
  • OZY logo
    Excerpt from OZY -- "Ironically, the best pitch you can make to your boss may be what Lechner explains: 'We have full transparency now,' she says. 'You can see the trail of technology — when you called, who you emailed, which conference call you jumped in and out of. We know exactly what you’re doing. Who cares where you’re doing it from?'"
  • washington post logo feature
    Excerpt from The Washington Post -- "Economist Nouriel Roubini also doubts that education will be enough to spread the gains from automation around, which could mean that policymakers will need to create a greater degree of income support for those whose jobs are rendered obsolete."
  • fortune logo feature
    Excerpt from Fortune -- "Despite the progress women have made in the U.S. workforce over the past decades, a recent study I conducted with colleagues Emily Amanatullah and Taeya Howell, finds that many men and women still believe in traditional gender roles and prefer the husband to be the primary breadwinner and the wife the primary family caretaker."
  • fox business logo feature
    Excerpt from Fox Business -- "I know from running the entrepreneurship center at NYU, and we have 600 students through every year...Getting clarification on who's doing what in a team and getting it in writing is critical right from the starting point."
  • financial news logo feature
    Excerpt from Financial News -- "Seven years after the financial crisis, global capital market banks have largely achieved compliance with tough new capital standards. However, the economic damage to their businesses in doing so has divided the industry into survivors, committed to strategies that are likely to succeed in a permanently changed world, and laggards that have lost their way."
  • luxury daily logo feature
    Excerpt from Luxury Daily -- "'Heritage Italian brands Lamborghini and d’Avenza share a past that has remained exclusive to a select clientele,' said Thomaï Serdari, Ph.D., founder of PIQLuxury and adjunct professor of luxury marketing at New York University, New York. 'Recently however, both brands have made a definite turn towards a wider market where they can promote products that are destined for a particular type of clientele, most probably of foreign origins.'"
  • bloomberg logo feature
    Excerpt from Bloomberg -- "'Maintaining a growth rate of 7 percent for the next few years is not possible,' Nouriel Roubini, an economist who teaches at New York University’s Stern School of Business, said at the China Development Forum on Saturday. 'The only way you could do so is by increasing further the amount of credit relative to GDP and that increase of leverage eventually is going to lead to massive losses.'"
  • news journal logo feature
    Excerpt from The News Journal -- "'DuPont has been doing the same things for many years,' said April Klein, an accounting professor at New York University's Stern School of Business. 'There has to be feeling that the company is resting on its laurels and maybe it's time to shake things up. It's not clear where DuPont's growth opportunities are anymore and its not illogical for someone to come and try to shake up how the company is being run.'"
  • time magazine logo feature
    Excerpt from TIME -- "Globalization isn’t going away—in fact, it will continue apace. But the U.S.-led world order is deteriorating. An inconsistent, war-weary United States is no longer willing and able to provide global leadership—and no other country is stepping up to take its place: the rest of the West is distracted with problems at home, and allies are looking to hedge their bets."
  • – Faculty News

    Prof. Tom Meyvis explains why people enjoy shopping

    March 21, 2015
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    Excerpt from Quartz -- "It is what’s called 'transactional utility' says Dr. Tom Meyvis, a professor of marketing at NYU’s Stern School of Business and an expert in consumer psychology. 'You see this a lot with clothing,' he tells Quartz. 'Part of the joy you get from shopping is not just that you bought something that you really like and you’re going to use, but also that you got a good deal.'"
  • mogul logo
    Excerpt from MOGUL -- "Gain knowledge, build your network, and open doors to new opportunities. These are three key benefits of earning your MBA."
  • cnbc logo feature
    Excerpt from CNBC -- "Bremmer laid out the two troubling scenarios in a 'Squawk Box' interview. 'You get this deal done, and the Iranians will still have breakout nuclear capabilities of 12 months, maybe 15 [months].' Should Tehran decide to break the deal a few years down the line, the international community would be hard-pressed to restart sanctions, he argued."
  • forbes logo feature
    Excerpt from Forbes -- "Though many of us know this, the paper makes clear that most people do not like others who are open about their status-craving. 'We don’t admit to ourselves that other people don’t like it when we strive for status,' [Pettit] says. In other words, if you’re blatant about your status-seeking, you’ll undermine your goal."
  • forbes logo feature
    Excerpt from Forbes -- "More and more, companies are making vending machines an important part of their product distribution strategies. Vending machines enable products to sell in more locations at a lower cost than in traditional retail shops since the real estate expense is usually lower, and other than restocking the machines, labor costs are non-existent. In most cases, there’s no competitive clutter around the machines and the products are the only ones in their category at that spot."
  • financial times logo feature
    Excerpt from Financial Times -- "Our bottom line is fairly simple. We doubt that the lower bound on nominal interest rates is much below zero over any extended period of time. Trying to keep nominal rates below the cost of currency storage and movement would convert bankers back into goldsmiths, tightening rather than loosening monetary conditions."
  • new york times logo feature
    Excerpt from The New York Times -- "Still, the noted valuation expert Aswath Damodaran asserts that much good could come from share buybacks and that banning or regulating buybacks falls “squarely in the feel-good but do-bad economic policy realm.'"
  • bloomberg logo new
    Excerpt from Bloomberg -- "In many cases, the value we're seeing created from these spinoffs is legitimately real. These companies are actually able to be more efficient, more effective, and better competitors by being more focused. The managers can pay attention to a smaller collection of assets..."
  • – Faculty News

    Prof. Arun Sundararajan on lawsuits against Uber

    March 18, 2015
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    Excerpt from WIRED -- "'Uber’s culture is more command and control than community-building,' Sundararajan says. 'Uber drivers could say this isn’t good, let’s take it up with the company instead of going to court. But maybe they feel they can’t take issues to the company.'"