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  • san francisco chronicle logo feature
    Excerpt from the San Francisco Chronicle -- "Sundararajan said ride-hailing companies such as Lyft and Uber have to employ nonprofessional drivers. And at Airbnb, he added, everyday people are converted into part-time hoteliers. 'Munchery and Sprig aren’t converting hobbyist home cooks into commercial chefs. They’re simply creating a bigger market for professionals.'"
  • boston globe logo feature
    Excerpt from The Boston Globe -- "These workers may want the benefits that come with regular full-time jobs while maintaining the ability to work whatever hours they choose, said Arun Sundararajan, author of the upcoming book 'The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism.' 'You’ve got this Faustian bargain: You either get the flexibility or you get the benefits,' said Sundararajan, a New York University professor. 'All we’ve got to do is come up with a funding model that allows both.'"
  • new york times logo feature
    Excerpt from The New York Times -- "Over the last year, America’s professional intelligentsia has been placed under the microscope in several interesting ways. First, a group of prominent social psychologists released a paper quantifying and criticizing their field’s overwhelming left-wing tilt. Then Jonathan Haidt, one of the paper’s co-authors, highlighted research showing that the entire American academy has become more left-wing since the 1990s."
  • Austin American Statesman 192 x 144
    Exerpt from Austin American-Statesman -- "Experts said Whole Foods took too long to respond to the New York case by releasing an apologetic video featuring Mackey and co-CEO Walter Robb. The video felt awkward and didn’t go far enough, experts said. 'They waited a week before responding — in an era of 24/7 news coverage and endless social media, that’s an eternity,' said Irv Schenkler, clinical professor of management communication for New York University’s Stern School of Business. 'And the New York City market is the most intense media-centric of markets. So their surprise at the rate of coverage speaks to an unusual lack of media savvy.'"
  • bloomberg logo feat
    Excerpt from Bloomberg -- "As far as Uber is concerned, this is a big win for them. As you've pointed out, Uber's bigger source of valuation risk is uncertainty around worker classification. This is a big step in the direction of Uber being able to put that issue aside, and as a consequence, I think that the $100 million, they're going to make up multi-fold through an increase in their valuation. I think overall, this is good for the sharing economy. I'm sure there are situations in which it makes sense to classify sharing economy providers as employees. But with Uber drivers and Lyft drivers; I don't think this is one of those cases. I do think, however, it's really important that we start to think about a way in which we can fund benefits for these drivers and for other providers in the sharing economy. It's not all going to come from Uber. It's not all going to come from the government. It's not going to come from the drivers themselves. There has to be a partnership model."

    Watch the video

    Additional coverage appeared on Marketplace.
  • reuters logo feature
    Excerpt from Reuters -- "The vast problem remains that only a fraction of garment factories are even covered by protections currently intended to be in place. The use of subcontracting in the garment industry is pervasive. According to our research estimates, more than 30 percent of garment producing facilities in Bangladesh are producing off the radar and without government or private oversight. Workers in these often smaller facilities therefore remain unprotected and invisible to regulators. It is essential that we increase supply chain transparency in order to be able to bring all garment producing facilities under appropriate safety programs."
  • reuters logo feature
    Excerpt from Reuters -- "'You have about 200 brands working together, and there's definitely more transparency, more attention to the issue of human rights in the global supply chain,' Sarah Labowitz, co-director of the Center for Business and Human Rights at the NYU Stern School of Business in New York, told the Thomson Reuters Foundation."
  • fortune logo feature
    Excerpt from Fortune -- "Firms that place sustainability at the core of their business strategy will drive positive climate performance, create wealth while creating competitive advantage, reduce risk and create stable ecosystems that drive both ecological and corporate value."
  • new york times logo feature
    Excerpt from The New York Times -- "A stalemate over who will pay for safety upgrades and oversight to those factories has left many workers still in danger, according to Sarah Labowitz, lead researcher of the report, 'Beyond the Tip of the Iceberg: Bangladesh’s Forgotten Apparel Workers.' ... 'Bangladesh should enforce its own labor laws and protect its own citizens and workers but I think they lack the political will and capacity to do that. The question for everybody, including brands, is what do you do in the absence of local government enforcement and regulation,' she said."
  • financial times logo feature
    Excerpt from the Financial Times -- "Frank’s argument in Success and Luck is easily summarised: the idea of meritocracy and the assumption that successful people get where they are solely by dint of their own efforts disguise the extent to which 'success and failure often hinge decisively on events completely beyond any individual’s control'."
  • harvard business review logo feature
    Excerpt from the Harvard Business Review -- "In crowdfunding, however, women outperform men. My research with Jason Greenberg of NYU shows that, all else being equal, women are 13% more likely to raise succeed in raising money on Kickstarter than men. Further, we find that this success comes from the support of other women, and especially when the female project creators are operating in a male-dominated space, such as technology or video games."
  • cnbc logo feature
    Excerpt from CNBC -- "'In every conceivable way this looks like a bad company, but at the right price, even a bad company could be a good investment,' he said in an interview with 'Closing Bell.' Valeant's problems include losing credibility with investors, delaying its financial filings and have a board of directors in 'flux,' [Damodaran] said."
     
  • Bend Bulletin logo 192 x 144
    Excerpt from Bend Bulletin -- "A professor of business management took it upon herself to untangle the evidence and published her theory in the recent edition of the Journal of Alzheimer’s Disease. New York University professor Melissa Schilling feels so strongly that pre-diabetes plays a role in many cases of Alzheimer’s that she’s asking all neurologists to test their dementia patients for glucose tolerance."
  • economic times logo feature
    Excerpt from The Economic Times -- "Agreeing with the cab companies and other experts, Arun Sundararajan, professor at the Stern School of Business in New York, said, 'The nature of taxis is such that there will always be periodic supply and demand imbalances over the day. For a market-based platform like Uber, price changes are the way in which a supply of drivers is brought into the market when needed.'"
  • financial times logo feature
    Excerpt from the Financial Times -- "In the 1920s, American finance also dazzled. Indeed, profits were so high that the economists Thomas Philippon and Ariell Reshef estimated that average banker pay was 1.6 times higher than other professions in 1928 (which, in a neat twist of history, was the same ratio seen in 2006.)"
  • los angeles times logo feature
    Excerpt from the Los Angeles Times -- "'He [Hamilton] launched the financial system, he straightened out the government's finances,' said Richard Sylla, financial history professor at the NYU Stern School of Business. 'A lot of the good things about American history were due to what Hamilton did as treasury secretary. I think Americans weren't quite aware of that.'"
  • – Faculty News

    Professor Aswath Damodaran discusses Yahoo's value

    April 20, 2016
    cnbc logo feature
    Excerpt from CNBC -- "'It is still not clear what is being offered in the auction, but I can almost guarantee you that it does not include cash on hand,' said Aswath Damodaran, finance professor at the Stern School of Business, who has owned shares of Yahoo. Damodaran initially valued Yahoo in 2014, calling the company 'a puzzle, a mystery and an enigma.' He found the core business was worth $4.6 billion and has declined in value since."
  • crowdfund beat 192 x 144
    Excerpt from CrowdFund Beat -- "'In the future, donors will be a lot more circumspect and skeptical about putting in money, especially in projects where they could have even an inkling of an idea that this might be bought out by a tech giant like Google, Facebook, or Apple,' says Anindya Ghose, a professor at New York University who studies the crowdfunding sector. 'They do not believe in backing projects for financial, commercial reasons. For them it’s a lot about a cause or altruism.'"
  • bloomberg logo new
    Excerpt from Bloomberg -- "... In terms of bidding, the odds [favor] Verizon because Verizon can afford to overpay $105 million; 105 million handsets plus the assets of AOL and Yahoo. You're looking at what can be the largest mobile network in the world. … The epicenter of growth around media is mobile advertising. So Verizon can probably come in and spill a billion or two billion bucks to get this thing over."

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  • bloomberg logo new
    Excerpt from Bloomberg -- "China’s decades of rapid development under tight Communist Party control may be coming to an end, according to Roy Smith, the New York University academic who as a banker in 1990 anticipated Japan’s decline. 'China has now arrived at an existential moment after nearly 40 years of extraordinary economic progress,' said Smith, who also warned about budding Japan-like financial strains ahead of the Chinese stock rout in 2015. The country’s 'increasingly complex and troubled economic and social system with all its scarcities' will make it tougher for Communist cadres to manage, he said."
  • bloomberg logo new
    Excerpt from Bloomberg -- "We can look back to the history of Wall Street, and if you look back, you had an industry that was a much larger, relative investment banking business--much smaller trading. So the issue that we have is the trading business, since the Crisis, have not been able to beat their cost of capital. You look at these banks and--how many years out are we since the Crisis--and we only have a couple of them who are operating above 10 percent ROE. The rest of them are all dragging down. And of course, you're seeing that in terms of the valuation."
  • australian financial review logo feature
    Except from the Australian Financial Review -- "David Yermack, a professor at New York University's Stern School of Business, said blockchain could lead to far fewer banks and perhaps even remove the need for share-trading exchanges. It would render redundant millions of employees who execute and record financial transactions across banking, asset management and insurance, he said."
  • new york times logo feature
    Excerpt from The New York Times -- "Responses aren’t necessarily driven by ignorance. 'Where there is a sacred value that empirical science contradicts,' science will have trouble making headway, notes Jonathan Haidt, a social psychologist at the Stern School of Business at New York University."
  • atlantic logo feature
    Excerpt from The Atlantic -- "Jonathan Haidt, who believes it has gone too far, offers a fourth theory. 'If an increasingly left-leaning academy is staffed by people who are increasingly hostile to conservatives, then we can expect that their concepts will shift, via motivated scholarship, in ways that will help them and their allies (e.g., university administrators) to prosecute and condemn conservatives,' he writes."
  • luxury daily logo feature
    Excerpt from Luxury Daily -- "'For a fashion house, jewelry collections are brand extensions,' said Thomaï Serdari, Ph.D., founder of PIQLuxury, Co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York. 'These allow the brand to reach out to a broader audience whose interests are not focused on fashion exclusively and incentivize existing customers to spend more on brand extensions,' she said. 'While brand extensions may be priced to move the brand lower in the pyramid of luxury brands, in the case of Dior, its line of high jewelry is intended to reinforce the luxury status of the fashion house. In that sense, Dior’s jewelry collections are complementary to the creations of its fashion lines.'"

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