Experience Stern | News & Events

Excerpt from Canadian Press -- “'I think there is a balance between what the government should be doing and what the marketplace should be doing on its own,' Sundararajan said."

Excerpt from Project Syndicate -- "The next ten years will be characterized by major structural adjustments and shifts in individual economies, and by a huge reconfiguration of the global economy as a whole. Above all, much depends on the policies adopted by the two largest economies, China and the United States, and their cooperation and leadership in creating global public goods and maintaining a stable and open economic environment."

Excerpt from Financial Times -- "As pressure increases on companies to disclose where they distribute their campaign dollars, four schools – the Stern School of Business at New York University, the Wharton School’s Zicklin Centre for Business Ethics Research at the University of Pennsylvania, Baruch College’s Zicklin School of Business, New York and the Ira Millstein Centre for Global Markets and Corporate Ownership at Columbia Law School, New York – have come together to address the topic. Earlier this year they launched an initiative with the US-based Center for Political Accountability to integrate corporate political accountability into the business school curriculums and to create the first online course on the subject."

Excerpt from USA Today -- "'The (amount of) buzz, or word of mouth, is immensely important for the eventual success of the project,' Ghose says. 'This is a powerful weapon … that researchers and academics can utilize.'"

Excerpt from The Wall Street Journal -- “'Financial-services companies have made some strides and have recognized you simply can’t write off the brains of 50% of the world’s population,' Wellington said, while adding Jones seemed to have 'written off' that population."

Excerpt from CNBC -- "I knew that I needed to be in an environment where I could elevate my level of thinking and it definitely paid off...We were challenged from day one to think about not only the business that we're doing in a micro sense but to think about how it can impact the global economy and to think outside of ourselves from our business to our community to our country."

The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Thursday, May 23, 2012 at Radio City Music Hall.

Excerpt from TheStreet.com -- "'There are plenty of vendors but no one has the functionality and experience and knowledge that's gone into their products like Bloomberg and Thomson," said Vasant Dhar, a professor at New York University's Stern School of Business and director of its Center for Business Analytics. 'There are alternatives, but they've become very entrenched. This discussion about privacy and data may be a good thing for the market, it might put some competitive pressures on the incumbents.'"

Excerpt from MarketWatch -- "Schoenholtz cautioned that the Fed has zero experience with using the interest rate of reserves as the primary tightening tool and doubts will persist until it works in practice. 'It works in theory but until we see it in actual practice we don’t know if it is useful,' he said."

Excerpt from Reuters -- "'They want to get their reputation back,' said Roy Smith, a professor at New York University's Stern School of Business. 'They know that means giving up some business.'"

Excerpt from Risk Magazine -- “'Transaction-based indexes are by far the best, but Libor has a challenge in that there just aren’t enough transactions. Given that, the committed quote system will guarantee – more than other systems – continuation of the index whenever transactions don’t exist,' says Rosa Abrantes-Metz, adjunct associate professor at New York University’s Stern School of Business."

Excerpt from Reuters -- "First off, his record is unbelievably outstanding. And I don't think there is anybody that can add value to putting in and somehow confusing the role. Jamie Dimon is an incredibly hard-working, able, there is nobody even close to him in the financial world in terms of his ability to run that enterprise. And it just clutters it up to force somehow a chairman. In fact, I think it could probably only hurt the company, in the sense that it would just confuse who is in charge."

Excerpt from ABC News -- "'These new platforms let people start playing with your children—your brands, your most valuable assets, which you're incredibly proud of. You feel protective, very uncomfortable,' says Scott Galloway, professor of marketing at NYU's Stern School of Business. 'But this is also a huge opportunity, because the more you let people be emotionally invested in your brand, the stronger it is.'"

Excerpt from Bloomberg -- "There’s nothing wrong with Apple taking advantage of tax loopholes. Where Apple has screwed up here, is bragging about it and raising the concern and complaining about it. If you’re able to have some of the lowest tax rates in the world, while being the most profitable company in the world, you don’t go in front of Congress to complain about it…He [Apple CEO Tim Cook] is justifiably going to get mauled in front of Congress."

Excerpt from CNBC -- "I think in general, the idea of having split roles can be a good thing, but that doesn't obviate the need to think through the particulars of every single case. And in this case, there is absolutely no reason to call for splitting the roles. The company has performed in a stellar fashion and even when it suffered the loss from the London trade, the company was forthright in dealing with the problem. So I think that's the best you can expect from any company."

Excerpt from Forbes -- "NYU’s most promising innovators received a combined $200,000 in startup cash at the annual $200K Entrepreneurs Challenge held by NYU Stern’s Berkley Center for Entrepreneurship & Innovation. The four winning teams composed of students, alumni and faculty from seven different schools across campus, were chosen after pitching their ideas and enduring grueling Q&A by judges from venture capital, technology and design and social enterprise sectors."

Excerpt from Charlie Rose -- "Both economies face very large challenges. They're different, but ours is out of balance, struggling to find a sustainable path of growth that deals with employment and the distributional aspects of our pattern of growth and the Chinese have... a very substantial mass of structural change coming in their economy. At $6,000 per capita income, they aren't going to be the low-cost competitor in a number of industries so...what we believed after we spent some time with each other is that the old relationship is changing very fast and what we needed to do was to bilaterally understand the challenges in both economies and then go after the places where we can make a material positive difference."

Excerpt from Bloomberg -- "At NYU we track upstream and downstream traffic to try and get a sense of a company or a platform's power in the ecosystem and what you see across social media networks is while platforms like Pinterest and Instagram are accelerating, year on year, we actually saw that Tumblr's upstream and downstream traffic to and from retailers who would likely be a big source of advertising dollars is only slightly up, so among the battle of who is the fairest platforms, it looks like Tumblr is kind of flat to modestly down in our research."

Excerpt from National Review Online -- "In 'The Cost Disease,' the economist William Baumol observes that in 2005, U.S. health care spending per capita was $6,400 while all other spending per capita was $35,400. He projects that if growth in output continues at its historical average while growth in medical expenditures does the same over the next century, health care spending per capita in 2105 will be $213,000 while all other spending per capita will be $130,000."

Excerpt from Forbes -- "Michael Moses, co-founder of the Mei Moses Art Indices and Beautiful Asset Advisors, shared repeat sales data with me from the post-war and contemporary day and evening sales held at Sotheby’s and Christie’s last week, or in other words, data drawn from the lots that had appeared at auction before. The average compound annual return on the repeat sales during these auctions was 10.4%. ‘This was a really strong set of sales,' says Moses. 'They don’t get much stronger than this. Nor were there any really outsized returns that would skew the results.'”

At the end of the Fall 2012 semester, a group of NYU Stern undergraduate students in the Business and Political Economy (BPE) degree program were selected to represent NYU in the Up to Us Campaign - a nationwide competition, sponsored by the Clinton Global Initiative University, Net Impact, and the Peter G. Peterson Foundation - in which students educated classmates and their local communities on the federal government’s debt.

New York University Stern School of Business today welcomes to its New York campus the inaugural class of the Master of Science in Business Analytics program. The MS in Business Analytics is the first accredited graduate-level program in business analytics to be offered by a leading business school. It exposes students to innovative methodologies that support data-driven decision-making, and will equip graduates with the ability to transform data into a powerful and predictive strategic asset to ultimately drive better business results.

Excerpt from the New Yorker -- "In the mid-nineteen-sixties, two economists, William J. Baumol and William G. Bowen, diagnosed a “cost disease” in industries like education, and the theory continues to inform thinking about pressure in the system."

Excerpt from VoxEU -- "This is hardly the first time that the US government has faced the question of whether it should discriminate among its different promises (see Hall and Sargent 2013). In 1868, immediately following the Civil War, the US faced what seemed a crushing debt burden with outstanding Treasury obligations exceeding 35% of GDP."

Excerpt from CBS Sunday Morning -- "'Some of the researchers believe that it's biological in origin -- that there's something about the way this color interacts with our eyes and with our brains and with our physiology to weaken us,' said Alter. 'I think another alternative is that it's just based on the association.'"