Experience Stern | News & Events

NYU Stern School of Business and L2, a digital benchmarking firm founded by the School’s Professor of Marketing, Scott Galloway, held the first annual Digital Leadership Academy at Stern from July 13-14. The two-day event, featuring speakers from Stern, other leading business schools and L2, hosted C-level executives from some of the world’s most iconic consumer brands.

Excerpt from Niskansen Center blog -- "Each year, American universities educate hundreds of thousands of foreign students, many of them pursuing degrees in science, math, engineering, and technology—fields that are central to innovation and economic growth. Doing more to retain the exceptional foreign graduates who wish to stay in the United States—particularly those with a demonstrated ability to start new companies and create jobs—would be an unambiguous economic good."

Excerpt from Bloomberg View -- "One of Adolf Hitler’s many blunders was to kick smart people out of his country. His hatred of Jews led him to expel a large number of Germany's most accomplished scientists, many of whom went to the U.S. What was a bane to Hitler’s reich was a boon to the U.S. Economists Petra Moser, Alessandra Voena, and Fabian Waldinger estimate that patenting increased by an average of 31 percent in scientific fields dominated by Jewish refugees. And of course everyone knows the story of how Jewish scientists were crucial to the U.S. atomic-bomb program."

Excerpt from The New York Post -- "There’s a chance these huge rentals will decrease density in their immediate vicinity — if they’re higher-income folks with smaller households or younger people without families, says Patrick Lamson-Hall, a research scholar at NYU’s Marron Institute of Urban Management. Still, he adds that nearby resources, like public transportation, could feel increased pressure from masses of residents."

Excerpt from mbaMission -- "As one first year we interviewed said of his experience at Stern, 'So far, the most impressive class has been "Marketing" with Jeff Carr,' adding, 'He's super engaging and makes you think more about the consequences of your actions in marketing than simply teaching you the tools. The class structure is very informal, but all of the students are learning a ton.'"

Excerpt from CNBC -- "The allure of Tesla and the danger of Tesla is Elon Musk. Elon Musk has made the company what it is today ... but I think he is the biggest weakness of the company. I think he's a great storyteller, but if you look at Tesla's lifetime, it always had trouble on execution. And I think the reality is Elon Musk is not as interested in execution as he is in telling you the big story."

Excerpt from the Financial Times -- "Others caution the world of entertainment has changed dramatically, threatening the perceived safety of movie attendance. With the advent of digital streaming sites such as YouTube and Netflix, 'there are simply more options for people these days', said Sam Craig, a professor at NYU Stern."

The L2/NYU Stern Digital Leadership Academy, led by HBS, Tuck, Kellogg, McGill and NYU faculty and L2 researchers, is a two-day conference rooted in business fundamentals coupled with tactical sessions on digital topics.

Excerpt from CFA Institute -- "Lev and Gu seek, above all, to improve on GAAP’s measurement of value creation by focusing the proposed report on cash flows. In their system, companies would not only capitalize R&D but would also provide a breakdown separating research (i.e., the systematic pursuit of new knowledge) and development (i.e., the use of research to develop new products or processes). Additionally, a charge for the cost of equity capital would be deducted from cash flows. Where feasible, changes in values of major strategic assets, such as the present value of cash flows from proven oil and gas reserves, would be taken into account. "

Excerpt from Radiate with Betty Liu -- "The bottom line is, the key to being an entrepreneur is you are more risk aggressive than anybody else. You are willing to sign the front of a check to go to work, not the back."

Excerpt from The Wall Street Journal -- "ComScore’s requirement that the average stock price exceed the target over a 30-day period is a tougher standard than at many companies where stock is granted based on a single day’s price, according to David L. Yermack, a professor of finance at New York University’s Stern School of Business who studies executive compensation."

Excerpt from China Radio International -- "I think there are a lot of potential benefits from encouraging private hospitals to enter the market and provide care. One of them is about bringing in leading medical technology, which is, you want the best technology available and private hospitals may be one mechanism for bringing that into the country and spreading those technologies around the country."

Excerpt from TheStreet.com -- "'We are in the early stages of a pretty profound shift in how we organize economic activity and a byproduct of that is going to be a radical change in what it means to have a job,' said Sundararajan, the author of the book The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, published this May by MIT Press."

Excerpt from Fortune -- "Williams says that while the key things all entrepreneurs need are mentorship and access to financing, both of which 10,000 Small Businesses provides, he adds that if entrepreneurship programs really want to create job growth, they need to focus on helping so-called disruptive, young businesses that tend to add jobs more quickly. The Goldman program, he says, focuses more on creating incremental growth. The median age of its business is 12 years old, which puts them a good distance away from startup territory."

Disruptive leadership is an essential skill for any business leader, from a start-up to a global corporation, with the desire to transform organizational processes and behaviors. This program is intended for those who wish to rethink the habits that have made them successful in the past, and challenge the conventional wisdom and industry models that have defined their businesses.

Excerpt from the Foundation for Economic Education blog -- "Alain Bertaud, the world’s foremost expert on land-use regulations in developing countries, has long been pointing out how zoning regulations have ruined Mumbai. Mumbai does not have bridges that connect the mainland to docks. As Bertaud points out, such bridges built across San Francisco Bay and Pearl River Delta have turned topographical liabilities into assets. According to Bertaud, with coastal zone regulations as stringent as Mumbai, New York, Hong Kong, Singapore, San Francisco, and Rio de Janeiro would not even have been built."

Excerpt from WIRED -- "'One is very modest in the sense that you say, you can’t change anything about the political and legal framework or social norms, but we can get some of the most important elements of design right,' says Paul Romer, founding director of the Urbanization Project at NYU’s Stern Business School. That’s the conservative approach. 'The other extreme,' Romer says, 'is you build a city and put it in a new zone, and try out different legal and political structures, and even try and create new social norms.'"

Excerpt from Inc. -- "Telling more stories of this nature--related by small-business owners rather than Clinton herself--could have a significant negative effect on Trump's campaign, says Ari Ginsberg, professor of entrepreneurship and management at New York University's Stern School of Business. Trump's response is equally as important, Ginsberg says. The least effective reply would be to attack the character or integrity of Tesoro. Instead, Ginsberg says, 'Trump is more likely to be successful with counterattacks that shine a negative spotlight on Hillary Clinton herself.'"

Excerpt from Yahoo Finance -- "The main issue is that accounting is hopelessly behind business development. Starting [in] the mid-80s, companies changed completely the business models, to investments in tangibles, in brands, in patents, in information systems, out of fixed, heavy assets, machines, factories. Accounting still provides information on those assets that are on the decline and not on those that are increasing."

Excerpt from Bloomberg -- “'There’s no doubt that you would expect some slowdown, because of the sheer uncertainty, which will affect investment,' King said at an event at the Wall Street Journal in London on Thursday. 'What’s important therefore is to fairly quickly put in place a strategy to help carry out the trade negotiations.'"

Excerpt from Bankrate -- "'There's a lot of uncertainty and that makes investors -- the capital markets -- nervous, and they run to safety,' White says. 'And safety, at the moment, is the U.S.'"

Excerpt from Quartz -- "'I don’t believe the Indian market will be able to sustain two big domestic players and one big international player,' said Anindya Ghose, director of New York University’s Center for Business Analytics. 'In about three years, I believe, the Indian market will have to consolidate into one international and one domestic player. So it will be Amazon, and either Flipkart or Snapdeal.'"

Excerpt from Charlie Rose -- "For a hundred years, the individual has been a provider of labor. Now, we're creating a wide variety of models of engagement between the individual and the institution that sort of allow the individual to... ascend past that labor provider rule, and take on some form of ownership."

Excerpt from The Guardian -- "A study out of the NYU Stern School of Business found women in positions of power are consistently considered to be less trustworthy than men holding the same positions; the study was recently replicated and reconfirmed by Anderson Cooper. And research from the Barbara Lee Foundation pinpoints a pedestal effect, where when a woman running for office fails to meet a high bar set for her she is disproportionately dinged by the public, more than her male counterparts."

Excerpt from Al Jazeera -- "There's tremendous uncertainty. Not only is there the economic uncertainty that was created by the referendum decision, but also there is very significant political uncertainty. The Labour Party is in disarray. There is a leadership battle for the Conservative Party. We don't also see a very strong politician who might be willing to reverse the referendum decision at the Parliament level. That would be the best of all worlds, in my opinion. But we don't see somebody like that. So we are still in very major uncertainty."