NYU Stern
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  • luxury daily logo feature
    Excerpt from Luxury Daily -- "'What is missing is cultural insight that needs to be internal,' Ms. Serdari said. 'To either partner with people who are bicultural–which is very different than bilingual, by the way–or to hire talent because even though it is expensive, [brands] will have much more return on their investment in the long term if [they] really have people who interpret who the local celebrity is, what TV show is watched, is there a Gossip Girl in Brazil, for example,' she said. '[Brands should ask], are we going to showcase our merchandise with that particular platform? Why or why not?'"
  • harvard business review logo feature
    Excerpt from Harvard Business Review -- "'When I was just starting at HBS [as a professor] in 1983, Fudenberg and Tirole were kind of the reigning duo of young theorists,' says Pankaj Ghemawat, who now teaches at NYU’s Stern School and the IESE Business School in Barcelona. 'Every single working paper of theirs was eagerly awaited.'"
  • christian science monitor
    Excerpt from Christian Science Monitor -- "Public announcements like Burse’s can become the pretext for asking departments to reign in their budgets and employees to take similar salary cuts. An executive can use himself as an example in these situations, Dr. Yermack says. The Courier-Journal reported that Kentucky State University has a $7 million budget gap. 'This is purely symbolic,' Yermack says."
  • SNL Financial Logo
    Excerpt from SNL Financial -- "The insurers took on an increasing percentage of below-investment-grade bonds and shifted more assets to off-balance-sheet vehicles, while escaping scrutiny through "regulatory arbitrage" techniques, C.V. Starr Professor of Economics Viral Acharya said Oct. 14. The result is an industry that has added to its systemic risk during a period where most others are focused on reducing financial hazards. 'Everything in financial plumbing is connected to each other,' he said. 'We find that the insurance sector really doesn't seem that different from the banking sector.'"
  • bbc news logo feature
    Excerpt from BBC News -- "As NYU economics Prof Gian Luca Clementi tells the Tampa Bay Times, 'factors like government expenditure and private investment mean that buying power and [the total income produced in a country] aren't comparable.'"
  • crains new york logo feature
    Excerpt from Crain's -- "'Research suggests STEM education develops critical-thinking skills and science literacy, which drives innovation and economic expansion,' said Ari Ginsberg, a professor of entrepreneurship at New York University. 'The business world has signaled its need to hire people with substantial STEM expertise, and parents want to make sure those opportunities are available to their children.'"
  • marketplace radio logo feature
    Excerpt from Marketplace Radio -- "It's going to make it more costly for these entities to borrow, so they're going to less of it... And, in the event the entity runs into difficulties, the amount of collateral will be greater. The lenders to the entity will feel more secure, [it] will be less likely that there will be a run on this entity and less likely that there will be a run on other similar entities."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "'Uber and Lyft are sort of changing the business model, whereas Hailo is trying to layer on top of the existing one,' said Arun Sundararajan, a professor at New York University’s Leonard N. Stern School of Business."
  • bloomberg businessweek logo feature
    Excerpt from Bloomberg Businessweek -- "I spoke today with Lawrence J. White, who helped develop the original Justice Department horizontal merger guidelines as chief economist of its Antitrust Division under President Reagan in 1982 and 1983. 'This is a well-deserved award,' says White, who is a professor of economics at New York University’s Stern School of Business. The theories of Tirole and others probably influenced antitrust regulators to put conditions on Comcast’s acquisition of NBC Universal, White says."
  • new york times logo feature
    Excerpt from The New York Times -- "'So now, when there is a major merger that involves important vertical relationships, the authorities take a more nuanced view,' said Mr. White, who served as chief economist of the antitrust division of the Justice Department in the early 1980s. 'And we have Tirole in part to thank.' Mr. White said a recent example came in 2011, when the government conditioned Comcast’s acquisition of NBCUniversal on the terms of a deal that made NBCUniversal’s content available to Comcast’s rivals."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "'There was too much complacency about the euro zone getting out of its crisis,' said Nouriel Roubini, chairman of Roubini Global Economics LLC in New York. 'The center of tension is another downturn in the euro zone.'"
  • the hill logo
    Excerpt from The Hill -- "Many observers fear that ICANN could soon be subject to the heavy-handed influences of governments that do not share the values that have led to the innovation, flexibility and openness that has hitherto characterized the Internet. The United States' proposed withdrawal is the opportunity for a rethinking of ICANN's governance structure. Moreover, we believe that there is a reasonable solution to ICANN's longstanding accountability problem that would mitigate concerns of government influence."
  • pbs newshour logo feature
    Excerpt from PBS NewsHour -- "There’s no clear way of predicting that people are going to lose their jobs in the long run. There’s definitely going to be a shift, in the same way that a century ago, like, 25, 30 percent of the United States worked in agriculture. Today, it’s less than 1 percent."
  • new york times logo feature
    Excerpt from The New York Times -- "A handful of academic researchers have studied what goes on inside our heads when credit cards are in our wallets, and even people who do not carry a balance each month are prone to overspending for a variety of reasons. ... A study in 2008, titled 'Monopoly Money,' featured a gift card denominated in dollars. Even though the gift card lost value instantly when people used it, people were still more likely to spend freely with it than they did with cash."
  • financial times logo feature
    Excerpt from Financial Times -- "It is also possible that productivity growth might be only temporarily low in rich countries, a view expressed by professor Paul Romer of the Stern School of Business at New York University. He said it was 'possible we’re really missing a huge opportunity by not being more aggressive on the demand side right now', and called for a more aggressive monetary stimulus."
  • marketplace radio logo feature
    Excerpt from Marketplace -- "[Icahn is] a 78-year-old man worth $23 billion, whose favorite sport seems to be arguing with CEOs. 'Activism in general draws a person who does not shy away from the limelight or shy away from a fight,' says Scott Galloway, professor of marketing at NYU's Stern School of Business."  
  • bloomberg logo feature
    Excerpt from Bloomberg -- "Fund managers need to take into account changes in the composition and behavior of fellow investors, said Aswath Damodaran, who focuses on equity valuation as a professor of finance at New York University’s Stern School of Business. 'These retirement funds have longer time horizons and preferences for larger dividend paying stocks than the rest of the market,' he said in an e-mailed response to questions. 'The old metrics, applied lazily and as rules of thumb, will yield the conclusion that these stocks are over-priced. If you believe that the fund flows have changed, you have to find a way to bring it into your analysis.'"
  • telegraph logo feature
    Excerpt from The Telegraph -- "In a separate IMF panel discussion on Wednesday with NYU professor Paul Romer and Ernesto Zedillo, the former president of Mexico, Mr Spence said it was imperative that governments overhauled labour laws to tip the balance back in favour of younger workers, who had paid a 'dreadful price' in the aftermath of the crisis."
  • fast company logo feature
    Excerpt from Fast Co.Design -- "'If comprehending human communication consisted merely of translating sentences and syntax into thoughts and ideas, there would be no room for misunderstanding,' Kruger and company write. 'But it does not, and so there is... Email recipients only identified seriousness or sarcasm 56% of the time--not much better than chance.'"
  • forbes logo feature
    Excerpt from Forbes -- "How much of a price premium will consumers be willing to pay for the benefits, or will the customization be viewed as a competitive tactic to increase new customer acquisitions and brand loyalty, without a price premium? In the latter case, there is a calculable marketing replacement value to customization."
  • treasury and risk logo feature
    Excerpt from Treasury & Risk -- "'The amount of data that’s being generated just doubles every year,' said Vasant Dhar, a professor and head of the information systems group at NYU’s Stern School and co-director of Stern’s Center for Business Analytics. 'In the old days, data was something that was collected painfully and there wasn’t too much of it. Now we’re in an age where everything is recorded almost as a by-product of how we function. The fact there’s so much that’s out there and available opens up a whole new world of possibilities and risks,' he added. 'This is the new math; it’s a new way of functioning and thinking about the world.'"
  • fortune logo feature
    Excerpt from Fortune -- "Western companies benefit from a globalized marketplace backstopped by universal values that allows them to improve supply chains and reach new customers. They are engineered to compete with other corporations, not governments. Clashing states will force many companies to make painful choices about how they do business—and where."
  • – Faculty News

    Prof. Aswath Damodaran discusses stock buybacks

    October 8, 2014
    marketplace radio logo feature
    Excerpt from Marketplace -- "When [Damodaran] looks at the biggest companies buying back the most stock—companies like Microsoft, Hewlett Packard, IBM—he sees a pattern. 'I mean you look at that list,' he says, 'and every single one of them, you look at the last decade, have a history of destroying value— of investing in things where they have nothing to show for it 5 years out, 10 years out.  I look at that list, and I say: Thank God for buybacks.'"
  • cnbc logo feature
    Excerpt from CNBC -- "'It's like water,' said Marti G. Subrahmanyam, professor at NYU's Stern School of Business, said. 'So long the floodgates have been kept closed and water could not flow from China to Hong Kong. They are slightly opening the floodgates.'"
  • The New York Times
    Excerpt from The New York Times -- "'They are concentrated in the hardest part of the business,' said Roy C. Smith, a former partner at Goldman who is now a historian of the financial industry at New York University. 'In terms of the modern life of the place, this is the most difficult ordeal to manage its way through that the firm has ever faced.'"


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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