Experience Stern | News & Events

Excerpt from Shanghai Daily -- "'Firms need to have very active customer service, and departments need to be very engaged with social media,' Morwitz argued."
 

Excerpt from CNN -- "It's completely clear that [the referendum] should have never been called, and Mr. Cameron, the Prime Minister, is hugely responsible for this. It was pushed by opposition parties, but he didn't have to do it and he shouldn't have done it."

Excerpt from the Financial Times -- "There is no more devastating verdict on the performance of the finance industry than the one that emerges from research by Thomas Philippon, professor of finance at New York University. Using data going back to the late 19th century, he found that the US financial sector generated no increase in productivity at all over 130 years."

Excerpt from The New York Times -- "As Jonathan Haidt, a social psychologist and professor at New York University’s Stern School of Business, put it: 'It’s as though a button is pushed on their forehead that says, "In case of moral threat, lock down the borders, kick out those who are different and punish those who are morally deviant."'"

Excerpt from NY1 -- "Gian Luca Clementi, an associate professor of economics at New York University, says he doesn't think Greece will leave the European Union. Instead, he believes creditors will reach an agreement with Greece that eases anger inside the country toward the E.U. 'I think what has to happen with Greece [is that] a good chunk of the loans are forgiven,' Clementi said. 'Their debt is several times more than their GDP.'"

Excerpt from Forbes -- "'The E.U. project was formed as a direct result of the end of WWII in order to foster closer economic, political, and social ties between European countries with the hope of averting another grand war on the continent,' he says. While the E.U. certainly has what he calls 'deep flaws,' Salomon says that 'rather than use this moment in history to fix the E.U. and solidify its foundation, my fear is that other E.U. countries will use this as justification for bailing on the whole thing.'"

Excerpt from Times of India -- "'Overall, the weight of the existing historical evidence suggests that patent policies which grant strong intellectual property rights to early generation of inventors may discourage innovation. On the contrary, policies that encourage the diffusion of ideas and modify patent laws to facilitate entry and encourage competition may be an effective mechanism to encourage innovation,' Moser concluded."

Excerpt from the Harvard Business Review -- "On average, those who underrated their skills were above average in their overall coaching effectiveness (reaching the 57th percentile). Those who had overrated themselves, however, were significantly below average, reaching only the 32nd percentile. ... incompetent people fail to recognize their own deficiencies and don’t recognize the skill in others. The lower an individual is on any scale of measurement, the more out-of-touch they tend to become."

Excerpt from the Financial Times -- "'The Fed continues to tighten the stress-testing regime,' says Kim Schoenholtz, a professor at NYU Stern School of Business in New York. 'I see no reason for them to stop and I don’t expect them to.'"

Excerpt from Yahoo Finance -- "'Owning a hotel is a terrible business,' says Scott Galloway, a marketing professor at New York University’s Stern School of Business. 'Licensing your name and taking a portion of the proceeds is a great business.' ... 'What really jumps out at me is how asymmetric the [Trump Tower Tampa] contract is,” says Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at the Stern School. 'Trump has very little contractual obligation and a lot of rights.'"

Excerpt from the Thomson Reuters Foundation -- "At the end of the day, the question for governments, workers, and employers should be how to ensure that employment in the many facets of global supply chains represents decent work with dignity. New approaches are clearly in order. What shape these solutions take is the thing to watch in the coming decade."

Excerpt from Nikkei Asia -- "'They just welcomed all forms of investment at a high and a low level,' Foudy said of the country. 'Basically it serves as a headquarters for multinationals, servicing much of Asia. It combines stability with a Western legal system and property rights. It has a challenge of rising inequality, but it also is a country that essentially has no capital gains tax or inheritance tax as well. So it's become sort of a magnet for the wealthy and the people trying to find safety and security.'"

Excerpt from Poets & Quants -- "'With the formation of the NYU Impact Investing Fund (NIIF), NYU Stern can now provide practical, hands-on experience for students who want to enter the impact investing sector after school, all while deploying investment capital to deserving organizations in the NYC community.' - Luke Douglas 'I am incredibly thankful for the way that I have been pushed to fulfill my own potential by the intelligence, ambition, and above all, compassion, of other Stern students.' - Samantha Thiel"

Excerpt from the Financial Times -- "Using his own research, Sundararajan finds that workers on digital marketplaces in the US earn slightly more than nondigital counterparts. A key challenge for these workers, however, is outdated employment laws that draw a line between independent contractors (such as Uber drivers, who work for themselves) and full-time employees, who are eligible for benefits. Sundararajan suggests a new category of 'dependent contractor', which would allow companies to provide some training and benefits without triggering full employment status."

NYU Stern School of Business, known for its academic strength in finance, is expanding its MBA curriculum to prepare students for future jobs in FinTech as the finance industry faces one of the most significant disruptions in its history. Beginning in Fall 2016, Stern’s full-time and part-time MBA students can choose FinTech as a specialization, a first among top business schools, and take electives from a menu of eight new courses.

Excerpt from BizEd -- "The fact that data reporting seems 'frozen in time' is a serious problem for the accounting field, according to Baruch Lev of NYU and Feng Gu of SUNY Buffalo. They write, 'We grade the ubiquitous corporate financial report information as largely unfit for twenty-first century investment and lending decisions.' They propose a new type of report that includes information about 'patents, brands, technology, natural resources, operating licenses, customers, business platforms…and unique enterprise relationships.' This sharp, smart book takes a new look at an old discipline."

Excerpt from Salon -- "...over the last 50 years we’ve relied on brand-based trust for most of our everyday economic activities. You let your kid ride the roller coaster at Six Flags but not at the park by the side of the road. You feel comfortable drinking a Coke in a foreign country… Now we are digitizing a lot of social capital, learning from the experience of others. And with that infrastructure comes new peer-to-peer commercial activity."

Excerpt from CNBC -- "Roubini, nicknamed 'Dr Doom' after a series of gloomy forecasts, laid out his warnings for the U.K. in a series of tweets on Tuesday, ahead of the referendum Thursday. He argued that the country's substantial current account and fiscal deficits 'may risk a sharp currency fall and a sudden stop of capital' if a majority of voters opt to leave the EU."

Excerpt from Politifact -- "'Retail prices for imported goods into the U.S., and for domestic goods that are reasonable substitutes for imported goods, would increase,' said Lawrence J. White, a professor at New York University’s Stern School of Business. 'This surely does mean a higher cost of living.'"

Excerpt from Fast Company -- "The executive pay bump in favor of women was recently explored by NYU Stern professor Lisa Leslie. An extensive study of high-potential female professionals at Fortune 500 companies, found that 8% of female leaders earned more than their male counterparts. Leslie believes this is driven by corporate diversity initiatives that value the contributions of their under-represented female cohort. And we know that the tech industry has been working hard to correct its lack of diversity for several years now."

Excerpt from BusinessBecause -- "In recent years business masters students, and MBAs, have flocked... to tech employers, such as Google, Amazon, and Facebook. 'Data is their business,' said Vasant Dhar, NYU Stern professor of data science. He added: 'The growth path for all of them is about how to obtain more and better data about people, places, [and] events, and to put it all together into innovative products and services.'"

Excerpt from Quartz -- "Trust in the US has been falling over the last 40 years. This drop has been particularly acute among people who are in the age group of millennials. This is the generation that grew up digital. I think part of their embracing the sharing economy is a rejection of what used to facilitate trust, and an embracing of the trust mechanisms that are native to them."

Excerpt from Strategy + Business -- "...when people believe others are better off, they want things they think those other people don’t have. However, when the items are less available because their peers already have them, it diminishes the ability for these items to offset the relative imbalance in resources, and the effect goes away."

Excerpt from Marketplace -- "'There's a big social element to it,' said Sam Craig, a professor of marketing at the NYU Stern School of Business. 'You want to see it, because you've got friends that watch it, and you want to be able to talk about it. You want to be in the know.'"

Excerpt from CNBC -- "The consensus seems to be that the European experiment has failed. I beg to disagree; and would argue that, on the whole, the European Union will go down in history as one of the continent's greatest moments."