Experience Stern | News & Events

Excerpt from CNN -- "Unfortunately, the Greek government made such a crazy decision yesterday...it gambled with the whole future of Greece and let the decision be at the hands of the ECB and the Eurogroup. This, in my opinion was a totally irresponsible move. There was an opportunity to make a deal... Instead we're going through this crazy adventure of a referendum and the last referendum that happened in Greece was 40 years ago... it's very strange for the Greek system."

Excerpt from The New York Times -- "'It’s absolutely critical that they don’t sacrifice safety over speed of growth,' [Sundararajan] said, adding that a major car accident involving a HopSkipDrive vehicle, or an untrustworthy driver in the company’s ranks, could be catastrophic for the business. Creating a plan for such an event, the way some companies set up product-recall plans, would be wise, he said."

Excerpt from the Los Angeles Times -- "'People below the age of 30 are much more likely to identify with their mobile and computing devices than the cars,' said Arun Sundararajan, a professor of information, operations and management sciences at New York University. 'Autos just aren't the identity-making purchase that they once were.'"

Excerpt from Refinery29 -- "'Placebos work precisely because you expect them to have a particular effect,' Dr. Alter explains. 'There can’t be a placebo effect unless someone — or the text on a product label — suggests that it should have a certain effect on you.'"

More than 100 faculty and alumni from NYU Stern’s Master of Science in Business Analytics (MSBA) program, as well as practitioners, gathered for the School’s First Annual Business Analytics Symposium to share insights into current issues in the field.

Excerpt from Clear Admit -- "'One common theme we continue to hear with growing intensity from our prospective students, particularly millennials, is the importance of time—how can I learn what I need to know as quickly as possible to excel in my current position or to be competitive for new functions?' says NYU Stern Assistant Dean of MBA Admissions Isser Gallogly. 'The [Advanced Professional Certificate] APCs provide students with specific area knowledge fast—and they are offered on weeknights and Saturdays, making them accessible to working professionals,' he adds."

Excerpt from The Globe and Mail -- "Aswath Damodaran, a professor of finance at New York University, likes to gauge the market by keeping tabs on the so-called equity risk premium, which he says is 'the one number that best sums up investors’ hopes, fears and expectations.' In more precise terms, the equity-risk premium is the expected extra return that investors demand over and above what they could get on safe government bonds before they will agree to buy stocks. Prof. Damodaran’s estimate of the premium at the start of June was 5.74 per cent, far higher than the norm of 4.07 per cent during the past half century."

Excerpt from Poets & Quants -- "...in January, 2014, after my first semester at NYU Stern, I was promoted from Associate Director to Director, U.S. Marketing Region, for Revlon, which significantly increased my account responsibilities. While I had already been on a high performance track, it was furthering my education at Stern, with a double specialization in Marketing and Leadership, which provided even more evidence to management that I would continue to go the extra mile to achieve any goal and that I was hungry to learn and do more."

Excerpt from Luxury Daily -- "'Having shifted away from mere marketing of products, most luxury brands have redirected their focus on marketing experiences,' said Thomaï Serdari, Ph.D., founder of PIQLuxury and adjunct professor of luxury marketing at New York University, New York. 'The best way to do that digitally is to create a 360-degree overview of the brand that highlights the processes of production, the people involved, the various stages outlined in bringing a concept to life and to the hands of the consumer and finally, the context within which it all takes place,' she said."

Excerpt from The Atlantic -- "And an interesting study shows that when leaders are fair to the members of their team, the team members display more citizenship behavior and are more productive, both individually and as a team. Jonathan Haidt at New York University Stern School of Business shows in his research that when leaders are self-sacrificing, their employees experience being moved and inspired."

Excerpt from TIME -- "[The presidential candidates] should have long ago ignored what the polls were saying and told us directly whether they believed the flag should continue to fly and why. Now they’ll never have to, claiming they were vindicated in allowing the state of South Carolina to make the “right” decision for themselves. These candidates should have acknowledged outright that the Confederate flag is a clear symbol of racism and hatred, the same type of racism that claimed the lives of those 9 people in the church."

Excerpt from NBR -- "Society gives [corporations] a license to operate by making certain concessions and accommodations to businesses. And they employ large numbers of people, affect large numbers of communities all across the globe. So, they are a part of civil society, and how they go about doing their business, how they create goods and services and how they market those services have a huge impact on society. So, it's not at all surprising that in the wake of this tragedy, the politicians have rallied very swiftly and the retailers have rallied to make changes that probably should have been made quite a long time ago."
 

Excerpt from Bloomberg -- "[Prime Minister Alexis Tsipras] will have a hard time... He has a majority of about 20 in the parliament. Probably more than 20 are going to defect. Other parties are going to vote for the deal, but not having enough majority in the parliament for himself means that he has to resign. ... The current setup cannot survive if [Tsipiras] loses the majority."
 

Excerpt from OZY -- "Thanks to the data economy, being in charge of a company’s 'information' means, well, being in charge of the company itself. This has the CIO doing more than the classic management of tech and infrastructure systems, says Prasanna Tambe, associate professor of information, operations and management sciences at NYU Stern School of Business. It also means setting organizational culture, overseeing major budgets and investment decisions — not to mention navigating a confusing landscape of colleagues whose roles are also changing."

Excerpt from Engineering.com -- "Deepak Hegde, Assistant Professor at NYU Stern School of Business, studied the new patent rules and found that the changes did make better quality patents. He said, 'When we examine indicators of patent value, we find consistent evidence that the least-valuable and least-impactful patents are those that opted for pre-grant secrecy.'"

Excerpt from The New York Times -- "Still, the trend in campaign stores, even in the more basic emporia, is limited-edition merchandise geared to specific events: LGBT pride, in the case of Mrs. Clinton and Mr. Sanders (think rainbow stripes); Father’s Day in the case of Mr. Paul. Such collections provide not only another reason to shop/donate, but also insight into what issue may be most important to a particular supporter. 'It’s a signal,' said Scott Galloway, the founder of the digital research firm L2 and a clinical professor of marketing at the New York University Stern School of Business. 'I would say a faint signal, but definitely a signal.'"

Excerpt from Bloomberg View -- "'The [employer/contractor legal] dichotomy makes the provider-platform relationship more adversarial than it needs to be, which hurts platform culture,' Arun Sundararajan, a New York University professor who has done much research on what is often called the 'sharing economy,' said in an e-mail when I asked him about this. 'It introduces an artificial distance.'"

Excerpt from CNBC -- "There are two big problems with the current automatic substitution system. First, generics are not identical to the branded drug. Generic drugs only have to meet the standard of 80 percent to 125 percent of the bioavailability of the referenced drug ... The second problem with automatic substitution is that it forces branded companies to subsidize generics, undermining competition and innovation ... We should instead be looking for ways to make clinical testing more efficient, and generally lowering the entry barriers to competition among branded pharmaceutical companies."

Excerpt from Baterii blog -- "What if we really looked at a whole range of different possible answers when we look at a problem? 'What if you had five answers instead of one answer, and then you debated the strong and the weak points of each?' says Wolff. If we, as individuals and teams, can actually get into the habit of saying, 'What if there were better solutions?' we could come up with many valuable, new-to-the-world answers."

Excerpt from Forbes -- "The startup plans to use the money to work on its product and hire staff in sales and marketing, but also to bring optometrists in-house to join its 13 staff today. In-house professionals will allow Smart Vision Labs to test new use cases for the startup’s products by using their expertise with actual patients, Albanese hopes. The company aims to double its doctor customers to 400 by the end of the year."

 

Excerpt from Financial Times -- "Ms Fuchs, who covers Chinese economic news, is on-air each day at 4pm and 9pm and does a variety of breaking news stories and features. Ms Fuchs graduated from the MSGF programme last month and already applies the knowledge she gained in her day-to-day work. 'Now I see how everything is linked. I don't consider myself an expert but I now understand credit derivatives, the fixed-income market and initial public offering mechanisms,' she says."

Excerpt from Bloomberg -- "One of the reasons this is a good deal for the United States is because, within a year, certainly by the end of 2016, we will see a million additional barrels [of oil] a day of production coming on line from Iran. That's why America's ally, the Saudis, really don't want a deal. And I don't blame them. But the problem is, the Americans and the Saudis have very different interests, on this and on many other things. And so the United States is pushing for something that is clearly an unmitigated good for the American economy. If the Iran deal happens, OPEC is effectively destroyed."

Excerpt from The Wall Street Journal -- "Over the past 40 years, lower-risk banks haven’t had lower costs of equity, according to a paper recently published in The American Economic Review. 'All else being equal, making regulated banks less risky may actually raise their cost of capital,' argue the authors, Malcolm Baker of Harvard Business School and Jeffrey Wurgler of New York University’s Stern School of Business."

Excerpt from Barron's -- "A Greek debt deal 'looks like it is going to happen,' according to Nicholas Economides, a professor of economics at the Stern School of Business at New York University, speaking on Bloomberg radio. Economides said that implementing the deal and getting political support behind it are big tasks, but he emphasized the “tremendous pressure” for the Greek government to avert a default and capital controls."