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  • Hollywood Reporter logo 192 x 144
    Excerpt from The Hollywood Reporter -- "'Severance is an insurance policy. In the entertainment business, you are putting a product out there that requires imagination. It's inherently risky to be in a creative business,' says compensation expert David Yermack, a professor at NYU's Stern School of Business. 'And you want to provide a safe landing for those you are firing without cause. It's a signal to the next group of managers that you will take care of them.'"
  • KSCJ Radio 192 x 144
    Excerpt from KSCJ -- "Hamilton was absolutely crucial in setting up our financial system... the national debt, the dollar, the first central bank, banking systems, stock markets and corporations.. Hamilton was the key person in giving us that right from the beginning of our history."
  • the guardian logo feature
    Excerpt from The Guardian -- "Dishonesty hurts a brand’s reputation as well as sales, said Tülin Erdem, a business and marketing professor who specializes in brand reputation management at New York University’s Stern School of Business. Welspun’s shares dropped by nearly 43% in the week following the announcement from Target, which was the manufacturer’s second largest customer and accounted for $90m, or 10% of the company’s business, in the fiscal year that ended in March. Retailers play a part in ensuring consumers get what they’re paying for. Although it can be difficult to track every manufacturer’s claim, retailers have a responsibility to take action promptly when they suspect dishonesty, said Erdem."
  • nightly business report logo feature
    Excerpt from Nightly Business Report -- "...there are several things that companies can and often do do in these situations. The first thing is to do what Ford and Apple did which is to try to remind the American people they create a lot of jobs here in the U.S. and they are good citizens here in the United States. Another thing that companies often do is they will speak directly to policymakers to try and shape how they think about the kinds of problems and decisions they have to make. And so, it doesn't surprise me to see Bill Ford pick up the phone and to try and speak with President-elect Trump."
  • harvard law blog logo feature
    Exceprt from the Harvard Law blog -- "Our research shows that companies that also think about their stakeholders when they strategize about their business operations can effectively prevent stakeholder mobilization that escalates into reputational crises. To this end, the same process used for managing employees, suppliers and customers should be applied to managing stakeholders more broadly defined, including local communities, NGOs and activists, mayors and local councils, governments and regulatory agencies."
  • wallethub logo
    Excerpt from WalletHub -- "I would strongly encourage consumers to read the 'fine print' on these deals. Some will say the deal is only good for the specific model (stock keeping unit or SKU), and the deal is only good for existing stock. Some may say you can get a "rain check" for when they come back in stock."
  • business insider logo feature
    Excerpt from Business Insider -- "'Whether an iPhone is going to go up in price $10 or something is a small issue,' Wachtel said. 'If President Trump starts putting tariffs on electronic goods, does that begin to wreak havoc on the global electronics industry? Now you're talking a real issue.'"
  • wealthtrack logo
    Excerpt from WealthTrack -- "[Theodore Roosevelt] was very independent and a lot of the republican leadership didn't trust him. The republicans were the business party. Teddy Roosevelt was a trust buster and so he kind of alienated some of his own party by pursuing large corporations and breaking them up. They thought a good republican president should be pro-business... so he was somebody who bucked the center of his party."
  • knowledge at wharton logo feature
    Excerpt from Knowledge@Wharton -- "Mobile marketing is a powerful approach. Other forms of advertising... can't really come close to matching. But the reality is, in the digital world, a lot of folks find advertising on mobile devices annoying or intrusive and they strongly dislike these ads that ruin their browsing or consumption experience. But the reason this happens is twofold. One is: brands don't have enough information about consumer preferences, so they're showing them a bunch of ads, like throwing darts in the air, hoping one will stick. But in return, what happens is people get overwhelmed and annoyed by those offers and they tune out. So the solution here is figuring out an optimal balance where the number of offers should be less frequent than what it is right now and should be more relevant and targeted. And that's where I ... talk about this two-way communication between consumers and brands. If consumers are able to share more information about themselves, then brands are going to be able to use mobile as a concierge and as a butler, but not as a stalker."
  • new york times logo feature
    Excerpt from The New York Times -- "'Through this new technology, people are now empowered to express their grievances and to follow people they see as echoing their grievances,' Mr. Bremmer said. 'If it wasn’t for social media, I don’t see Trump winning.'"
  • bloomberg view logo
    Excerpt from Bloomberg View -- "What this means is that, so long as liquidity in the underlying assets backing the ETF is sufficient, the APs will execute an arbitrage that keeps the market price of the ETF close to the net-asset value of the underlying portfolio. But, during periods of market stress, should it become difficult to trade underlying assets, investors wanting to sell their shares may have to settle for prices below the NAV. That is, those who want to sell may have to do it at a discount. Put another way, when markets are liquid, ETFs operate like open-end mutual funds; but should markets become illiquid, ETFs then operate like closed-end funds. As a consequence, ETFs face no run risk."
  • inc logo feature
    Excerpt from Inc. -- "Sundararajan adds that Uber should also be concerned about investors pressuring the company to go after profit prematurely, say, by filing for an initial public offering. It's still in the company's best interest to remain private for a while longer, he says. That way, the NYU professor insists, it can make a greater leap into autonomous vehicular transportation. 'Investors have to realize that [Uber is] really going after a bigger pie here. They have to lose money to gain market share,' he says."
  • voxeu logo feature
    Excerpt from VoxEU -- "...we propose studying the implications of converting a rapidly growing class of open-end mutual funds into ETFs. If the SEC is to undertake a ‘root-and-branch review’ of the ETF industry (Financial Times 2016), it ought to consider it in the context of the mutual fund industry as a whole, allowing for the serious possibility that – relative to mutual funds holding illiquid assets – ETFs could reduce systemic risk."
  • bloomberg view logo
    Excerpt from Bloomberg View -- "Ghemawat is dubious of this digital-takeover angle. 'If you looked back to the 1930s, information flows probably kept rising then, too,' he told me when I visited his NYU office last month. His overall take was that on the whole, while things had slowed down since the 1990s and early 2000s, global integration was still fitfully increasing. 'We're neither inevitably headed for a great reversal or a renaissance,' he said."
  • SF Gate Logo
    Excerpt from SFGate -- "'The story that is being told is that people take units off the long-term rental market to rent them on Airbnb,' Sundararajan said. 'It’s a story that resonates with a lot of people. But if you look at the data ... it is very clear that if there is any effect that Airbnb is having on the availability of long-term rentals, it is very small compared to the effects of rent stabilization and population growth.'"
  • Vox 192 x 144
    Excerpt from Vox -- "So what do we do now about our multiethnic democracy? Do we try to assimilate and emphasize our similarities, or do we celebrate differences and endorse multiculturalism? This is exactly what we need to debate and discuss as a country, and my vote is firmly for emphasizing assimilation, similarity, and unity — this, I think, is the best way to have a multiethnic democracy."
  • new york times logo feature
    Excerpt from The New York Times -- "The program was intended to reward people for putting money into the United States. Projects that raised more than $1 billion were practically nonexistent in the program before 2010, Prof. Jeanne Calderon of New York University’s Stern School of Business wrote in a March report on the program. But when banks turned off the credit spigot around the 2008 financial crisis, developers started getting more creative in finding alternative financing."
  • mit technology review logo feature
    Excerpt from MIT Technology Review -- "'Pure-play Web retailing is not sustainable,' New York University marketing professor Scott Galloway told me. He points out that the deep discounting and high delivery costs that characterize Web sales have made it hard for Amazon to turn a profit. If Amazon were to remain an online-only merchant, he says, its future success would be in jeopardy. He believes the company will end up opening 'hundreds and then thousands of stores.'"
  • am new york logo
    Excerpt from amNewYork -- "'He thinks it's a one-way street that "oh we'll just cut back on what we'll buy and that won't affect what we sell," but sorry the world doesn't work that way,' White said. 'For one thing there will be retaliation. Even in the absence of retaliation, if we buy less from abroad there are going to be adjustments in the exchange rate, which will then make it harder for us to sell abroad.' While White said it won't devastate the city's 'very robust economy,' it also won't be very beneficial."
  • cnnmoney logo feature
    Excerpt from CNNMoney -- "Henry has raised more money than any dean in the school's history, and focuses on creating greater access to higher education."
  • Dartmouth Review 192 x 144
    Excerpt from Dartmouth Review -- "As the academy began to lean more and more to the left, and as the culture got more and more intense I began to notice some weak reasoning among social scientists. I started getting concerned that the lack of viewpoint diversity was harming our science, our research and our scholarship. I first began talking about that in 2011 and since then its gotten worse and worse and I’ve gotten more and more passionate about it. So that’s the story about how I’ve become active in the movement for viewpoint diversity."
  • financial times logo feature
    Excerpt from the Financial Times -- "Similar work has also begun to appear in academic journals, including a recent paper by Professor Robert Whitelaw from the New York University’s Stern School of Business: 'The real value of China’s stock market.'"
  • BusinessBecause
    Excerpt from BusinessBecause -- "The wider fintech curriculum — which includes peer-to-peer lending, financial data analytics and entrepreneurship — will have to be taught at every business school, argues Professor David Yermack, chair of NYU Stern's finance department, because employers will demand it."
  • economist logo feature
    Excerpt from The Economist -- "A paper published in 2010 by Stijn Van Nieuwerburgh, of New York University, and Pierre-Olivier Weill, of the University of California, Los Angeles, found that the association between incomes and house prices had strengthened. Between 1975 and 2007 house prices became ten times more sensitive to wages. As productivity and wage gaps across metro areas widened, house prices also diverged. This trend has continued."
  • xinhua logo feature
    Excerpt from Xinhua -- "It is conceivable that the Trump administration could throw the global economy into recession. Not necessarily. I'm not even predicting it myself. But it is a possibility."


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

Or contact us directly:

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(212) 998-0678;

Janine Savarese, Executive Director
(212) 998-0202;

Carolyn Ritter, Director
(212) 998-0624;

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