Experience Stern | News & Events

Excerpt from CNBC -- "Stocks aren't in bubble territory as yet, but a 'huge rally in risk assets' over the next two years puts markets in danger of a big crash, renowned economist Nouriel Roubini said on Tuesday."

Excerpt from TIME -- "NYU professor Nouriel Roubini, who correctly anticipated the 2008 financial crisis, has argued that Bernanke’s policies are failing to help the economy and are instead fueling a stock market bubble that will end in a financial crisis."

Laurence D. Fink, chairman and CEO of BlackRock and an NYU Trustee, spoke with NYU Stern MBA students and faculty on "Longevity in the Age of Twitter," highlighting how the retirement landscape has changed significantly over the past 50 years.

Excerpt from Fortune -- "'We're at a point now where the interest rate cycle makes it very difficult [for investors to save],' he said, during remarks delivered to a group of NYU Stern business school students. 'If you can no longer buy a 30-year bond with a 7% yield, how will investors achieve the necessary savings outcome?'"

Excerpt from Financial Times -- "Apple’s actions can be explained by two features of the tax code: its treatment of foreign income and its bias towards debt over equity."

Excerpt from Bloomberg -- "A so-called resolution authority for the repo market, to orderly liquidate repurchase agreements and prevent fire sales of underlying assets during periods of financial stress, was proposed as a way to reduce risks in March 2012 by New York University Stern School of Business professors Viral Acharya and T. Sabri Oncu in a paper presented at a Federal Reserve conference in Washington."

In new research forthcoming in Information Systems Research, Anindya Ghose, NYU Stern Associate Professor of Information, Operations and Management Sciences and co-Director of the Center for Business Analytics, with Gordon Burtch at the University of Minnesota Carlson School of Management and Sunil Wattal at Temple University’s Fox School of Business, quantifies how donors influence each other in the crowdfunding process, and finds that quick fundraising, while seemingly desirable, can have downsides.

Excerpt from Financial News -- "Of all the massive regulatory reforms adopted since 2008, Basel III is the main effort to constrain systemic risk. But considering the size of the markets and the major banks that dominate them, it may not be enough."

Professor Nouriel Roubini moderated a conversation with Eric Schmidt, executive chairman of Google, and Jared Cohen, director of Google Ideas, on their new book, "The New Digital Age: Reshaping the Future of People, Nations and Business."

Excerpt from The Daily Beast -- "According to Joseph Porac, George Daly Professor in business leadership at New York University’s Stern School of Business, superstar CEOs—executives who have amassed reputations, awards, and piles of press clippings—are on the shortest leashes. Over the course of their careers, about 15 percent of CEOs will be fired or pushed out."

Excerpt from Fast Company -- "'This lack of a delete button on the Internet is in fact a significant issue,' Schmidt said. 'There are times when erasure [of data] is the right thing...and there are times when it is inappropriate. How do we decide? We have to have that debate now.'"

Excerpt from The Wall Street Journal -- "In Equity Risk Premiums (ERP): Determinants, Estimation and Implications–The 2013 Edition, Aswath Damodaran, professor of finance at New York University, found that ERPs varied widely in short periods. In fact, implied ERPs ranged from 4.2% to a high value of 8% between September and late November 2008."

Excerpt from CNET -- "Cohen said that in the future, an ecosystem will evolve around protecting and monitoring people's online images. Meanwhile, Schmidt said that even with the proliferation of wearable devices, people will still have privacy. Each country will make a decision about how to address the issue, he said, and each nation's policy will be different. "

Excerpt from CNBC -- "As content has gone digital, Sundararajan said, content creators and publishers have changed the rules, which used to be guided by copyright law. Now they're determined by the endless contracts consumers never read but must assent to before buying a 99-cent tune. 'These contracts are more restrictive—they're really circumventing copyright law, and consumers don't seem to notice.'"

As part of an annual tradition, NYU Stern faculty and guests gathered to celebrate the School’s community of scholars and to recognize excellence in research and scholarship, innovation, teaching and mentorship, and influence in business and policy.

Excerpt from The Week -- "Social labels aren't born dangerous. There's nothing inherently problematic about labeling a person 'right-handed' or 'black' or 'working class,' but those labels are harmful to the extent that they become associated with meaningful character traits."

Excerpt from The New York Times -- "Mr. Posner said Disney’s move — apparel represents less than a fifth of the nearly $40 billion in annual sales of its licensed products — might encourage other Western brands to leave Bangladesh. 'Now other companies feel they have a green light.'”

Finalists from the New Venture, Social Venture and Technology Venture Competitions will participate in the 2013 Final Pitch-off for up to $200,000 in seed money and in-kind support as part of the NYU Stern Entrepreneurs Challenge, hosted by the Berkley Center for Entrepreneurship & Innovation.

Excerpt from Strategy + Business -- "How do firms that are breaking the rules try to cover up their tracks? According to a recent study, companies that are systematically involved in price fixing employ a variety of accounting and governance practices designed to throw off regulators and avoid liability."

Excerpt from Business Insider -- "Ulukaya gave a presentation earlier this week to a packed audience at New York University's Stern School of Business, sponsored by the Berkley Center for Entrepreneurship & Innovation. In it, he outlined the story of the company's rapid growth."

Excerpt from Reuters -- "In the hypercompetitive 21st century, where every Apple is only one algorithm away from becoming a BlackBerry, paying the lowest possible taxes is not the exceptional policy of one particularly greedy chief executive — it is what every executive seeks to do to keep his job. That was what Andrew Kassoy, a former private equity investor, explained at a recent panel discussion at the Stern School of Business at New York University (disclosure alert: I was the moderator)."

Excerpt from The New York Times -- "Ask the workers in those factories, mostly young women, what they want. They will tell you two things. First, they want to keep their jobs, desperately. Bangladesh is one of the poorest countries in the world, and the rapid expansion of the garment sector in recent years has put food on the table for many, lifting families out of extreme poverty. Second, they want to be treated with dignity, which begins with going to work in a safe and secure environment."

Excerpt from The New York Times -- “'Income is increasingly difficult to nail down,' said Aswath Damodaran, a finance professor at New York University. 'It is like nailing jelly to the wall. And the problem is only going to get worse rather than better.'”

Excerpt from Yahoo! Voices -- "The book The Righteous Mind by Jonathan Haidt moves into the psychology of political parties and political persuasion. People naturally accuse the other parties of not thinking clearly and following logic. Each views the other as duped! Yet in his work, he points out that since there are strong logical arguments that follow most parties, these rational choices are based on their intuition."

Excerpt from Bloomberg Businessweek -- "New York University business professor David Yermack routinely teaches students how executives and major corporations have managed to skirt the law. By exposing students to questionable legal and ethical behavior, he says, the goal is to help them 'formulate their own response when they encounter similar situations.'”