Experience Stern | News & Events

More than 100 representatives from the financial, academic and regulatory communities participated in a forum sponsored by NYU Stern's Volatility Institute and the Depository Trust & Clearing Corporation that discussed cutting-edge thinking and approaches to achieving the risk mitigation goals under The Dodd–Frank Wall Street Reform and Consumer Protection Act.

In November, the NYU Pollack Center for Law and Business, a joint initiative between NYU Stern School of Business and NYU School of Law, co-hosted the 1950th Meeting of the American Academy of Arts & Sciences, “Challenges to Business & Society in the 21st Century: The Way Forward.” Rajat Gupta, senior partner emeritus and former managing director at McKinsey & Company, and Roger Ferguson, president and CEO of TIAA-CREF, spoke about recovery and reform, and long-term financial security, respectively.

“New York is the apple of the universe,” said Felix Rohatyn, Lazard investment banker, former US Ambassador to France and author of Dealings: A Political and Financial Life, before an auditorium filled with close to 150 students and alumni from NYU Stern, as well as students from NYU’s School of Law and Wagner Graduate School of Public Service.

Organized by NYU Stern Professor Jill Kickul, the conference explored the latest strategies for measuring social impact.

Led by Scott Galloway, NYU Stern Professor of Marketing, L2 founder and creator of the Digital IQ Index, Innovation Forum 2010 was packed with people, as well as ideas on digital marketing innovation and implications for prestige brands.

NYU Stern School of Business today announced its latest book on the financial crisis, Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance (Wiley; November 2010), edited by Professors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson and Ingo Walter. Regulating Wall Street follows the authors' previous book, Restoring Financial Stability (Wiley, March 2009), which focused on the causes of the financial crisis and offered proposals for market-based solutions while capturing the attention of policymakers in Washington.

In October, NYU Stern generated nearly 1,000 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including the currency wars, the outlook for Latin American economies, Amazon’s Mechanical Turk and the history of market plunges in a number of prominent outlets such as Bloomberg, the Financial Times and The New York Times. Additionally, in some 34 op-eds, Stern faculty discussed the Dodd-Frank Act, Jon Stewart and Stephen Colbert’s Rally to Restore Sanity and/or Fear, the real estate tax, index funds and risk-management strategies for banks.

 According to NYU Stern Professors Vasant Dhar and Anindya Ghose, sponsored search on the Internet is currently mispriced, because it takes time for the market to absorb new information about keywords—whether they have become more or less valuable. Relating the nascent sponsored keyword search market to pre-algorithmic financial markets, the professors offer lessons from finance to capitalize on current market inefficiencies in order to optimize sponsored search portfolios and to determine how to better price keywords.

As part of the 2010 Aspen in New York Business & Society Forum, Erik Schatzker, anchor and editor-at-large at Bloomberg, led a discussion about defining and measuring success among three panelists – 2002 Nobel Laureate in Economics and Princeton psychologist, Daniel Kahneman; Chairman and CEO of The Vanguard Group Bill McNabb; and the holder of the first endowed chair in Buddhist Studies in the West, Columbia University Professor Robert Thurman – at NYU Stern this October.

As part of NYU Stern’s CEO Series, James S. Turley, Chairman & CEO of Ernst & Young, was interviewed in October before more than 100 NYU Stern students and alumni. Diane Brady, senior editor at Bloomberg BusinessWeek, conducted the interview.

This year marks the 10th anniversary of the combined Information, Operation and Management Sciences (IOMS) Department, and current IOMS faculty gathered to celebrate this milestone with an event held October 29 at NYU's Torch Club. Looking back, former professor Ernest Kurnow recounts the roots of what is now the IOMS Department.

In light of the Financial Accounting Stands Board’s (FASB) proposed expansion of fair value accounting principles for financial institutions, a group of scholars, industry experts, professionals and press convened for a roundtable entitled, “Are Investors and Investment Entities Well-Served by Fair Value Accounting.”

Stephen Figlewski, Professor of Finance and an expert on derivatives, welcomes the audience to the 2010 Salomon Center NASDAQ OMX Derivatives Research Project (DRP). The DRP Research Day was created in 1996; today the Salomon Center-NASDAQ OMX DRP Research Day enables Stern's finance faculty to present some of their current research.

Stephen Figlewski, Professor of Finance and Director of the NASDAQ OMX Derivatives Research Project, welcomes an audience of nearly 120 to the 2010 NASDAQ OMX Derivatives Research Project and The Volatility Institute's Symposium on "Derivatives and Proprietary Trading in the New Regulatory Regime."

Will the overseas expansion of Chinese and other BRIC companies change the face of capitalism? How should American and European companies increase their footprint in Asia? How should protectionism and sovereign wealth funds be addressed? These are some of the questions that will be posed at the third annual ‘International Symposium on Cross-Border Investment and M&A’ to be held at New York University, hosted by NYU’s Pollack Center for Law and Business on Tuesday, October 19, 2010.

In a major shift from last year’s results, fashion brands hold eight of the top 10 slots in the second annual Digital IQ Index® for Luxury. Only two brands, Louis Vuitton and Ralph Lauren, managed to hang on to their ‘Genius’ ranking, with newcomers Coach, Gucci, Hugo Boss, Burberry and Dolce & Gabbana making significant investments in the medium in 2010.

On Thursday, October 7 and Friday, October 8, NYU Stern and the National Council of Applied Economic Research, India, with support from the World Bank, held a workshop on "Restoring Inclusive Growth in Advanced Economies" to encourage dialogue among economists and policy makers from the G20 countries.

NYU Stern's Berkley Center for Entrepreneurship & Innovation hosted a Lunchtime Chat with NYU alumnus Dennis Crowley, co-founder and CEO of Foursquare, a mobile application for social networking with some three million users worldwide. This event was presented as part of the David & Rose Himelberg Speaker Series.

NYU Stern marketing professors Eric Greenleaf, Geeta Menon, Tom Meyvis, and Vicki Morwitz, with principal investigator David Heeger, a professor in NYU’s Department of Psychology and Center for Neural Science, and Uri Hasson, an assistant professor of psychology at Princeton, were awarded a two-year, $1.1 million grant by the National Institutes of Health’s (NIH) National Institute on Drug Abuse.

Among the 360-plus (and growing) economists, scholars, former Fed officials and investors that have signed and are circulating a petition to Congress and the Executive Branch urging them to keep the Federal Reserve independent are seven NYU Stern professors.

Anindya Ghose, NYU Stern Assistant Professor of Information, Operations and Management Sciences, and his NYU collaborators were awarded a $2.124 million grant from the National Science Foundation (NSF) based on the Federal Cyber Service: Scholarship For Service (SFS) program for research and teaching of security and privacy issues on the Internet and other critical information infrastructure.

Sinan Aral, assistant professor of Information, Operations and Management Sciences, was given the 2009 IBM faculty award, a cash grant that is awarded annually as a result of a worldwide competition created to foster collaboration between researchers at leading universities and those in IBM research, development and services organizations.

At an intimate reception on October 5, sponsored by the Ewing Marion Kauffman Foundation, Princeton University Press and NYU Stern, William Baumol, Harold Price Professor of Entrepreneurship and academic director of Stern’s Berkley Center for Entrepreneurship and Innovation, was honored for his most recently published book, The Microtheory of Innovative Entrepreneurship.

In September, NYU Stern generated more than 1,000 media hits. Stern faculty were featured for their views on a number of topics including the threat of a double dip recession, the challenges facing the Eurozone, proposed financial regulation and consumer psychology in a variety of prominent media outlets including Bloomberg Businessweek, the Financial Times and The Wall Street Journal. Additionally, in more than 40 op-eds, Stern faculty offered their perspectives on a number of topics including BP and the Gulf oil spill, Tea Party victories, the trajectories of foreign economies and recommended priorities for reform.

Professor Stephen Brown, David S. Loeb Professor of Finance at NYU Stern, was selected by the Australian Research Council (ARC) as a member of Research Evaluation Committee for the Excellence in Research Australia (ERA) initiative for 2010. The Research Evaluation Committee, consisting of 149 internationally recognized scholars, will be evaluating every academic discipline within all Australian universities.