Experience Stern | News & Events

Excerpt from the Financial Times -- "Two economists, Germán Gutiérrez and Thomas Philippon, have argued that corporate America is underinvesting. One reason is that companies are impatiently funnelling cash to investors and executives rather than take a long-term view."

A team of NYU Stern MBA students won the eighth annual MBA National Case Competition sponsored by Deloitte. The team, including Eric Gioseffi (MBA ‘19), Denitsa Kosharova (MBA ‘19), Utkarsh Satyawadi (MBA ‘19) and Kelly Williams (MBA ‘19), earned a combined scholarship of $20,000 for their presentation, which took the top honors, marking Stern’s first win in the competition.

Excerpt from Poets & Quants -- "Each year, we scour the internet and reach out to the world’s most elite business schools to find startups launched in the past five years with at least one founder who graduated with an MBA in the same time period. We then rank them on one standard: how much funding each new venture has raised."

Excerpt from Reuters -- "'Poor planning regulations are responsible for unaffordable housing in many prosperous cities,' Bertaud told the Thomson Reuters Foundation."

Excerpt from Bloomberg -- "'Similar to the candy and magazine racks, which are the most valuable space in the store, Amazon is the most valuable space on the web because you are at the very bottom of the funnel,' says Scott Galloway, a marketing professor at New York University’s Stern School of Business and author of The Four: The Hidden DNA of Amazon, Apple, Facebook and Google."

Excerpt from Finextra -- "Jamie Tobias, assistant dean, NYU Stern, adds: 'NYU Stern students are really responding to the opportunity to work on these types of real-world innovation projects, and doing so at a global bank will not only help them hone their skills in strategy and technical product development, but also expand their awareness of future career opportunities at Citi and beyond.'"

Excerpt from TopMBA -- "'Given the importance among MBA students to seek a return on investment for their degrees, Stern has been proud to offer a diverse set of funding options for well over a decade and has expanded our funding options over time,' says Paula Steisel Goldfarb, associate dean of MBA Admissions, Financial Aid, and Academic Affairs at Stern."

Excerpt from CNBC -- "I think it's a huge win for Uber as a company, it's a really big win for their CEO and it puts the company on much more stable ground, puts to rest the boardroom battle that dominated the news in 2017...overall I think its a huge win for Uber. It's also a big win for Softbank because they are consolidating their position as the investor to go to globally for on demand mobility. They have majority or significant stakes in all the large ride sharing platforms in the world now."

Excerpt from The New York Times -- "[Gary Cohn] delivered the tax legislation,' [Smith] said. 'Whether you agree with it or not, he executed. That’s his skill. And he stood up to the president after Charlottesville. People respect that. I think he could leave now with his reputation intact.' Alone among the prominent Goldman alumni in the administration, Mr. Mnuchin seems likely to stay. 'He’s been a good and loyal employee,' Professor Smith said. 'But he’s more of a Hollywood person now. His reputation in the professional financial sector may not matter that much to him.'"

Excerpt from Insurance News Net -- "Pricing and hedging challenges attached to variable annuities (VA) with living benefits raises questions about their suitability for consumers in search of retirement income, according to a new study by a pair of economists. When insurers that sold VAs with living benefits saw the valuation of existing liabilities rise, they raised costs and trimmed benefits, the study found. Those liabilities rose with the falling stock market and lower interest rates after the financial crisis."

Excerpt from Poets & Quants -- "One of the school’s most unique features is its global immersion program. A semester-long required course, juniors complete field studies overseas to gain a deeper understanding of globalization and differing business cultures and economic systems. In a world gone global, Stern’s International Studies Program offers graduates a decided edge in the marketplace. The same is true of global exchange programs, where an impressive 56% of graduates spend a semester studying abroad."

Excerpt from Clear Admit -- "Vikram Gulati, now in his first year at NYU Stern School of Business, also advised getting an earlier start. ... 'I highly recommend making the effort to visit business schools you’re interested in before submitting your applications, permitting you have the vacation time and resources to do so.' - Calan Underwood ... 'If you have something in your life that helps you relax or puts your mind at ease, do it,' he said. 'For me it was exercising, and I should have done more of it. I stressed myself out a few times throughout the process. It’s a lot of work, but looking back, I had the time to take a couple of breaks here and there.' - Hamilton Jordan"

Excerpt from the Harvard Law blog -- "CVC investments are now at the highest levels since the dot com era. The motivating research questions we are interested in examining in this setting are: 1) how transparent are firms about their CVC investments, and 2) is CVC investing a productive use of a firm’s capital resources?"

Excerpt from the Washington Examiner -- "By processing payments through a blockchain, the Fed could cut out the middleman of banks. Everyone could have a deposit account directly with the Fed via the blockchain, allowing for faster payments and far greater control of prices by the central bank. 'If that occurs, the fractional reserve banking system may become a thing of the past,' Yermack said."

Excerpt from The Wall Street Journal -- "'GE is a relic of a bygone era,' said Robert Salomon, a management professor at New York University’s Stern School of Business. Mr. Salomon said former GE CEO Jack Welch’s status as 'darling of Wall Street' in the 1990s allowed his pursuit of diversification to work when the same approach failed for many other managers and conglomerates."

Excerpt from Luxury Daily -- "'Considering that younger consumers have shown interest in citizenship and political engagement while many more issues that warrant debate have come to light, it seems that many more brands will openly embrace politics and confidently express their political views,' she said. 'In the end, this is preferable to making mistakes, which is what happens when brands avoid to clearly articulate what they stand for.'"

Excerpt from Broadcasting & Cable -- "Paul Hardart, clinical professor of marketing at the Leonard H. Stern School of Business at New York University, mentioned a 'more populist' approach by Fox Business Network, while CNBC continues to broadcast to its affluent, well-educated investor base. 'Fox Business Network does seem to be talking up more of the political spectrum than CNBC,' he said."

Excerpt from Poets & Quants -- "According to Gallogly, the EQ endorsement has indeed been 'adding a whole new vantage point through which we can assess the applicant. We felt like there was a gap in the kind of information that could be gathered about an applicant,' Gallogly says today (January 12) in an email exchange with Poets&Quants. 'The EQ endorsement is really a character reference from someone who believes in the applicant’s EQ. It’s an additional dimension that a professional recommendation doesn’t provide by its nature. We’ve received EQ endorsements from mentors, lifelong friends, some from the professional arena — they provide an emotional resonance.'"

Excerpt from The New York Post -- "'The numbers for New York City probably understate the problem, in that people probably have to leave the city if they are underemployed,' Yannelis added. 'It is not the kind of place to hang around, for instance, if you are unemployed, or in a job and not earning enough, because of the city’s high cost of living.'"

Excerpt from U.S. News & World Report -- "'I think a lot of people are surprised when I say law,' Sundararajan says. 'You think of this as a staid, full-time profession.' However, online platforms like UpCounsel allow lawyers to provide a variety of legal services on demand. Sundararajan sees the gig economy heading in a direction to allow professionals to create their own businesses and market them entirely online."

Excerpt from India Education Diary -- "Oxford University Press, the world’s largest university press, today launched a new book titled 'Understanding Indian Consumers' by Durairaj Maheswaran and Thomas Puliyel, at an event hosted at the Indian School of Business (ISB), Hyderabad. The book focuses on the Indian market scenario and ways to attract the attention of the consumers."

Excerpt from Accounting Today -- "NYU team members Denitsa Kosharova, Kelly Williams, Eric Gioseffi and Utkarsh Satyawadi won scholarships totaling $20,000 for their presentation on how to grow the coffee company Chameleon Cold-Brew. Members of the 26-person judging panel included the president and CEO of Chameleon, Chris Campbell, as well as other industry leaders from Deloitte and beyond."

Excerpt from Bookstr -- "The name of the book is 'Tap: Unlocking the Mobile Economy.' Why I call it Tap is consumers, we are always tapping on our phones and every time we tap on our phones, the phone is generating data about us. Whether it is location data or contextual data or data about the weather or crowdedness of where we are, all of this is being captured, and while sometimes consumers feel a little bit inhibited about what all of the companies are doing with the data, I essentially in my book talk about the massive upsides to both consumers and companies from monetizing that data to make our lives better."

Excerpt from The New York Times -- "'They snatched defeat from the jaws of victory,' Scott Galloway, a professor of marketing at New York University’s Stern School of Business, said in an interview. 'Walmart made a smart move in increasing wages and investing in human capital. Where they screwed up was politicizing it.'"

Excerpt from CNBC -- "'Will it end badly for some of the people involved? Absolutely. For those people who got on the bandwagon late and are playing the pricing game, for some of them, it's going to end badly,' he said."