Experience Stern | News & Events

Jihoon Rim, Executive Advisor & Former CEO of Kakao, joins Stern as an Executive-In-Residence. Rim will work directly with Stern’s Fubon Center for Business, Technology, and Innovation; he also serves as an adjunct professor in the Technology, Operations, and Statistics Department and is involved with the Andre Koo Technology and Entrepreneurship MBA Program.

Kicking off another year of the $300K Entrepreneurs Challenge at NYU Stern, the School’s  W. R. Berkley Innovation Labs hosted its annual Kick-Off & Info Session.

Excerpt from The Real Deal -- "'Gee, how do you establish rules that apply to Missoula, Montana, to Center City, Philadelphia, to Tampa, Florida, let alone Queens and Brooklyn?' he said. 'We have great difficulty administering a rent control program in New York City. I can’t imagine doing it on a nationwide basis. It’s just chaos.'"

Excerpt from Politico -- "The lawmakers cited a National Bureau of Economic Research study from last year that found 'private equity buyouts lead to expanded enrollment and increased profits, but also to higher tuition, lower education inputs, lower graduation rates, higher student borrowing, lower repayment rates, and lower wage earnings.'"

Excerpt from Ensia -- "'A lot of regulations, when businesses really get down to it, they find it helps them become better managed,' says Tensie Whelan, director of the New York University Stern School of Business’s Center for Sustainable Business. 'You not only reduce pollution, but you also reduce your cost.'"

Excerpt from Education Dive -- "'To keep the attention of all these students from such diverse backgrounds is a challenge for sure,' Yermack said. 'It forces you as a professor to really think about, "How am I going to explain this and make it seem universal enough that people from both a philosophy background and an engineering background should care about it?"'"

Today, New York University’s Stern School of Business announced that it received a $5 million gift from alumna Elizabeth Elting (MBA ’92), the single largest gift from a self-made woman in the School’s history.  With this support, Elting aims to champion the next generation of talented and entrepreneurial women affiliated with her alma mater, an intention that aligns with the mission of the Elizabeth Elting Foundation she now runs after a successful business career leading the multi-million dollar global translation business she founded in an NYU dorm room in 1992.

On September 17, humorist, former writer of the New York Times Magazine weekly column “The Ethicist,” and four-time Emmy Award-winner Randy Cohen will host a live taping of his podcast Person Place Thing featuring Professor Tensie Whelan, director of the NYU Stern Center for Sustainable Business.

Excerpt from Financial Times -- "My feeling is that US policymakers need to stop blaming China and start focusing on the fact that our supposedly free market liberal democracy is no longer that. I’d suggest they read economist Thomas Philippon’s new book, The Great Reversal: How America Gave Up On Free Markets. Fascinating comparisons with Europe, which is actually much more competitive in many ways that the US."
 

Excerpt from Cheddar -- "'I think there's every reason to worry that the purveyors of disinformation have learned from what the Russians did in 2016 and will be back with new, different, and more challenging forms of untruth,' Paul Barrett, the deputy director of NYU Stern Center for Business and Human Rights, told Cheddar."

Excerpt from Thought Catalog -- "According to researchers at New York University’s Stern School of Business and University of California’s Anderson School of Management, turning 30 often compels people to 'audit the meaningfulness of their lives.' The authors posit that 'the approach of a new decade represents a salient boundary between life stages… [and] functions as a marker of progress through the life span.'"

Excerpt from Agenda Week -- "For Karen Brenner, executive director of law and business initiatives in NYU’s Stern School of Business, the explanation may relate to directors’ circumstances. For one, new directors might not feel they have the experience to 'challenge' the CEO, she says. Or there may 'just be a temporary issue or problem at the moment of the survey ... But that’s not a circumstance that’s healthy to persist.'

Excerpt from The Wall Street Journal -- "New research by Baruch Lev of New York University’s Stern School of Business and Anup Srivastava of Calgary’s Haskayne School of Business found that since 2007 value companies had the weakest profitability since 1970, while what they call “glamour” stocks had their best profitability."

Excerpt from CoStar News -- "'Public relations and investor relations are going to be extremely important for this company going forward,' said Ari Ginsberg, professor of management and entrepreneurship at New York University’s Stern School of Business, before the amended S-1 filing. 'They need to be addressing these things now if they aren’t already."
 

Excerpt from Forbes -- "It’s essential to clarify what your brand stands for, and what you believe in as an organization. To do this you must establish the three or four signature values that define your brand and use them as your navigational North Star during good times and, more important, challenging times. Your company leaders and your employees must be able to embrace these values and understand what it takes to live them. This means that both your leadership and your employees must be instrumental in establishing these values."

Excerpt from The Guardian -- "Facebook and Twitter received the lion’s share of attention in connection with Russia’s election interference in 2016. But Instagram was more important as a vehicle for disinformation than is commonly understood, and it could become a crucial Russian instrument again next year."

Excerpt from Politico -- "According to a Blackburn spokesperson, late additions to the panel roster include Charlotte Slaiman, senior policy counsel at Public Knowledge; Eric Null, senior policy counsel at the Open Technology Institute; and Robert Seamans, associate professor at New York University. They join representatives from Lyft, Airbnb and Freewheel, as MT reported. The group 'will discuss how consumers are now in search of greater protections for their personal information while simultaneously demanding greater rights to transfer that information,' the aide said."

Excerpt from BusinessBecause -- "Largely showcasing thought-provoking research pieces from NYU Stern professors, this account is the place to go if you’re looking for interesting thought pieces on politics, popular culture, and technology. Recent articles include an investigation into Donald Trump’s body language and investigating the market consequences of Tesla’s solar-powered roof tiles—all varied stuff."

This fall, the NYU Stern W. R. Berkley Innovation Labs and the NYU Entrepreneurial Institute hosted the second annual NYU Demo Day, featuring successful entrepreneurs and their startups from across the University.

"[Economic] growth is really growth in value... you can take the same raw materials, rearrange them into something we as humans value more... so your ability to create value is really limited only by all the different ways you can configure the raw material on earth into things that we value more."

Excerpt from CardRates.com -- "'We ran a simulation study where we changed the banking policy and allowed the bank to waive the first overdraft fee for a consumer who had never done overdraft before,' Liu said. 'Maybe the customer never realized the overdraft fee was so expensive. So, the consumer learned the lesson, and the next time, the consumer will be more aware and avoid the fee.'"

Excerpt from Bloomberg -- "'You just can’t figure out what will happen with the trade war,' he said. 'It doesn’t mean you’re not concerned, but you’re not chasing your own tail and wondering what to do next and what’s Trump going to say, what’s he going to tweet. That stuff factors into the fund’s positioning but indirectly through the patterns it sees in prices and volatilities.'"

Excerpt from Poets & Quants -- "In 2019, however, only one school — Stanford Graduate School of Business, with 24 — hired more than 20 new professors, with NYU’s Stern School of Business and USC’s Marshall School of Business following at 16 apiece, and Chicago Booth notching 13. In all, just eight schools in the top 25 hired 10 or more new faculty."

Excerpt from Canadian Investment Review -- "'Because insiders have superior private information, have discretion over which of their funds to invest in, and may subsequently alter the fund operations; managers with large personal stakes may choose actions which negatively affect their investors,' the paper said."

Excerpt from CNBC -- "Aswath Damodaran, professor of finance at the Stern School of Business at NYU, who is sometimes called the 'dean of valuation,' analyzed the start-up’s prospectus filed in August. Based on that pre-IPO paperwork, he said WeWork’s equity is worth $14 billion — about 70% below its latest private market valuation."