Experience Stern | News & Events

Excerpt from Axios -- "'In some towns, [Sears is] arguably the only viable department store ... In many malls, they are the anchors,' says Herb Kleinberger, a professor of retail at NYU's Stern."

Excerpt from Forbes -- "Ikonick, the brainchild of Jeff Cole and Mark Mastrandrea, launched 15 months ago, selling their canvas art prints at prices ranging from $40-$700. The company was a way to monetize Cole’s popular Instagram account with 400,000 followers, and his eye for aesthetically pleasing, emotional images with 'prescriptive thought/messages.' The result, he believed, was artwork Millennials would want on the walls of their homes and offices. The company claims it has been cash-flow positive since its first month and is approaching $10 million in sales since launching 15 months ago. Ikonick has signed deals for Muhammed Ali and the NBA."

Excerpt from ThinkAdvisor -- "'The Bitcoin Boom: Asset, Currency, Commodity or Collectible?' by Aswath Damodaran, finance professor, NYU Stern School of Business: 'Bitcoin is not an asset class. You don’t invest in Bitcoin; you trade it. Bitcoin is a young currency.'"

Excerpt from Poets & Quants -- "The first is a sustainability impact consulting course set in New York and Costa Rica. Classes will meet in the fall then spend a week in Costa Rica at the beginning of January working on such potential student projects as business and marketing plans for agricultural production, ecotourism, and environmental education for youth. Other new courses on Stern’s roster are Economics of Innovation — studying the behavior of inventors, artists, and writers to figure out what makes people creative, what encourages firms to take risks, and what types of institutions encourage people to do their best work. The other is Deal Making in the Entertainment Industry which uses film and television content as the primary example for what goes into cutting a deal in the entertainment world."
 

Excerpt from Poets & Quants -- "MBA graduates themselves inspired their peers to return to campus. NYU Stern’s Schnurman, for example, reviewed the Linkedin profiles of senior leaders in global organizations she admired and noticed a trend: they all had MBAs. ... NYU Stern’s Langinger uses 'clear-eyed' to represent her class. 'They know what they like, what they don’t like, and what they’re working toward.'"

Excerpt from Coinbase -- "Yermack says he first developed the class because he was interested in bitcoin and how quickly interest in the cryptocurrency was growing. But other reasons soon emerged, notably demand from companies for people who understood cryptocurrency-related issues. Now, he sees his class as a way to give students the skills they’ll need for jobs in the future. 'A process is well underway that will lead to the migration of most financial data to blockchain-based organizations,' he says. 'Students will benefit greatly by studying this area.'"

Excerpt from The New York Times -- "'When adult-supervised activities crowd out free play, children are less likely to develop the art of association,' Lukianoff and Haidt write, along with other social skills central to the making of good citizens capable of healthy compromise. Worse, the consequences of a generation unable or disinclined to engage with ideas and interlocutors that make them uncomfortable are dire for society, and open the door — accessible from both the left and the right — to various forms of authoritarianism."

Excerpt from The Guardian -- "New York’s approach is one of the harshest, said NYU professor of business Arun Sundararajan. 'We have among the most restrictive Airbnb laws, and I think it will hurt the city in the long term,' he said."

Excerpt from Medium -- “I try to put my phone on airplane mode on weekends so I can take photos of my two young kids without interruptions from emails and other needy platforms.”
 

Excerpt from Bloomberg -- "The way a good firm translates to a good economy is that the good firm should hire and invest more and the issue we have seen is that these firms are great, they are productive and they are making lots of money, but they don't invest and hire as much as they should and as much as other successful firms did in the past. So that's the missing link between this efficient firm and this relatively inefficient economy."

Excerpt from the New York Law Journal -- "A 2017 report from NYU’s Stern School of Business evaluated 12 leading ESG measurement frameworks—including the UN Guiding Principles Reporting Framework, Bloomberg Social indicators, and the Corporate Human Rights Benchmark—which issue rankings, reports, or certifications for particular companies based on ESG metrics. The report found that for all twelve frameworks, more than half of the social impact indicators focused more on a company’s efforts than the impact of its those efforts."

Excerpt from The CPA Journal -- "A report on research into the effect of audit committees in the March 2018 CPA Journal (April Klein, 'Questioning the Effectiveness of Independent Audit Committees: Does the Current Regulatory Regime Improve Reporting Quality?' http://bit.ly/2LFI6mg) describes measuring various market and other effects of the audit committee and finding none..."

Excerpt from the Financial Times -- "Scott Galloway, professor of marketing at the New York University Stern School of Business, claims Apple’s decision to invest in high-end stores remains one of the group’s most revolutionary and successful ideas."

Excerpt from La República -- "The end of the volatility low in February 2018 was mainly due to the increase in interest rates in the US. but this effect would not have produced a prolonged period of high volatility, which is why I believe that Trump's trade policies have been an important cause."

Excerpt from U.S. News & World Report -- "Alex Dontoh, an accounting professor and director of the master of science in accounting program at New York University's Stern School of Business, says that a first-rate, graduate-level accounting curriculum should include technological training. He says that lessons on data tools like Python, XBRL and SQL are vital. He also says that knowledge of digital ledger technology, the global accounting network that allows for the transaction of digital currencies like bitcoin, commonly known as blockchain, is necessary. 'Our graduate accounting offerings have incorporated aspects of these technologies in the curriculum to better prepare our MBA and M.S. in Accounting students,' Dontoh said via email."

Excerpt from CyclingTips -- "Professor Barasch says that intent is critical. And bad news if you’re fixated on capturing something ‘Insta-worthy’. 'When people are thinking about getting the best photo for Instagram or Facebook, to get likes, to think about how they’ll be evaluated … this creates anxiety, fear of getting the perfect image.'"

Excerpt from Entrepreneur -- "'While there are a number of ways in which independent workers can potentially replicate the benefits that full-time workers have, the challenge is often bandwidth and the ability to have the right options placed in front of you,' Sundararajan says."

Excerpt from Inc. -- "'They know what website you're on. They're observing your behaviors,' Carr says.'[What's needed] is explanations of why people are doing these things. What's in people's hearts and minds?'"

Excerpt from Whitewall Magazine -- "The Fashion* Initiative encompasses education, mentorship, collaboration, and community. Designers participating in the Fashion* Initiative had the opportunity to partake in a series of sustainability-focused workshops with experts in the field, a trip to the Copenhagen Fashion Summit, and to engage and problem-solve through education via a live case study, with MBA team support, led by the NYU Stern Center for Sustainable Business through the 'Sustainability for Competitive Advantage' course."

Excerpt from The New York Times -- "'When you are talking to someone who is overburdened, become a sounding board for what needs to be renegotiated,' she added. 'It gives the other person the space to think about the boundaries of the work that was assigned and what can be renegotiated.' Maybe they need more time? Or more resources? Listen and help them find out."

Excerpt from MarketWatch -- "As for the analysis of ReadyForZero users, Kuchler and Pagel advised removing one variable from the equation: temptation. 'Allow consumers to select a certain amount to be deducted from their regular paycheck to be put towards debt repayment, and to make it costly or complicated to change this selection,' they wrote."

Excerpt from TIME -- "'There are lots of reasons why being able to save matters. Being able to have a deposit account that doesn’t cost very much, gives them access to their funds and allows them to cash checks and wages they receive or government transfers — all of that is really valuable and it improves people’s lives,' said Kim Schoenholtz, a professor of financial institutions and markets at New York University. 'Postal banking is one way of delivering that, but it’s certainly not the only way of delivering it.'"

Except from U.S. News & World Report -- "Kristen Sosulski, a clinical associate professor of information, operations and management sciences at New York University's Stern School of Business, says that some skills taught at MBA programs are relevant throughout the business world. For instance, business schools teach students how to maximize a company's efficiency, which is a vital skill, regardless of the sector they enter, Sosulski says. ... 'Whatever a candidate's career aspirations are, they need to have a clear idea of what they would like to do after school and the self-awareness to understand what holes in their skill sets need plugging,' Shah wrote via email."

Excerpt from Fortune -- "In April, four economists released a working paper that gave green-bond fans reason for optimism. They found that municipal bonds labeled 'green' paid six basis points (0.06%) less in yield than nongreen bonds—and that the effect doubled or tripled for bonds that took the extra step of being certified green. Bond yields fall when buyers drive up prices, so the lower yields suggest that demand for green bonds is stronger than the norm. On a typical muni bond, that could result in millions of dollars in savings on interest. Compared with those benefits, 'the cost of certifying a green bond is modest,' says coauthor Jeffrey Wurgler, a professor of finance at the NYU Stern School of Business, while borrower and investor alike 'get a green glow.'"