Experience Stern | News & Events

Excerpt from Forbes Poland -- "'I don't think the title of the richest man in the world is important to Zuckerberg. He's striving for long-term dominance of Facebook as a social platform, and also wants to use its position and money to influence the world,' says prof. J.P. Eggers of New York University Stern School of Business."

Excerpt from The Wall Street Journal -- "'One is for the more risk averse,' said George David Smith, a professor at New York University’s Stern School of Business, referring to the proposed GM share classes. 'The other is for those who are willing to bet on earnings.'"

Excerpt from the Los Angeles Times -- "But AI won’t just affect driving, of course, it will soon affect every worker who processes transactions, and that includes white collar jobs. Already, machines are out-performing humans at storied investment banks like Goldman Sachs, where four traders can be replaced by one computer engineer and a handful of complex trading algorithms with machine-learning capabilities."

Excerpt from MarketWatch -- "Mueller and Yannelis’ research indicates that the policies the government offers to help borrowers avoid this outcome are somewhat effective. Federal student loan borrowers have the ability to pay back their loans according to their income. These plans also offer borrowers the opportunity to discharge their loans after at least 20 years of repayment. Mueller and Yannelis’ research indicates that these plans are at least partially successful at protecting borrowers from the income and employment shocks that can come from falling home prices -- as long as borrowers sign up for them."

Excerpt from The Wall Street Journal -- "Tough Task: A report from the NYU Stern Center for Business and Human Rights says companies are having a hard time trying to manage risks associated with the human rights records of individual companies because of a lack of reliable, accessible information."

Excerpt from The Atlantic -- "'Every other company isn’t betting the company’s future on self-driving cars,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'Google will be fine. Uber is the one company in the world who has really made this all-or-nothing bet.'"

Excerpt from Poets & Quants -- "Finally, as if this year’s list wasn’t epic enough, there’s one school setting a new record. 2017 marks the very first time that three professors under 40 all hail from one school. At NYU’s Stern School of Business, Lisa Leslie, Ilan Lobel, and Nathan Pettit are three truly extraordinary professors, all housed under one academic roof, each making highly recognizable names for themselves in B-school academia."

Excerpt from The New York Times -- "For Mr. Galloway at N.Y.U., the slow pace of Amazon’s rollout of stores is a sign that it has not figured out physical retail yet, and that has surprised him. Five years ago, he believed Amazon would have hundreds of stores by this time. 'What appears to be clear is they haven’t yet zeroed in on a format they’re willing to massively scale,' he said. 'This is a company that the moment it figures out something that works, it puts nuclear energy behind it.'"

Excerpt from AEI -- "Hamilton is made Secretary of the Treasury in 1789, and because he's been planning this for nearly a decade, he hits the ground running. And what he does in a very short time is introduce most of the elements of the modern financial system."

Excerpt from Forbes -- "Great apps help consumers find information and do tasks more quickly and easily. Generating app awareness and convincing consumers they're worth downloading, is a monumental challenge. As long as apps are still here, there are important lessons for making them as simple, fun and useful as possible, so I asked three successful developers their opinions on what makes a great app, and where apps are headed next."

Excerpt from Quartz -- "While HCL is both able to subsidize education for aspiring engineers— especially for those who may not be able to afford a college education—and create model employees, Anindya Ghose, a professor at New York University’s Stern School of Business, warns against the limitations of the strategy. 'These employees may get "locked in" because they are sacrificing the traditional degree programs that the market on the whole values,' Ghose told Quartz."

Excerpt from The Wall Street Journal -- "There is, no doubt, something attractive about joining a new state uncorrupted by a past, especially now, when more and more of us seem willing to entertain radical critiques of our world as we have come to know it, wishing we could turn it on its head or, better yet, get away from it all and sail into unimaginable adventures on the high seas. Joe Quirk, a senior staff member of the Seasteading Institute, and Patri Friedman, its chairman, present themselves as bearers of good news, a highly prized commodity these days. They have published a book-length manifesto envisioning a large number of new floating city-states in international waters that could eventually house as many as a billion people."

Oisin Hanrahan, CEO and Co-founder of Handy, joined Professor Luke Williams, MBA students and alumni for a 2016-2017 Langone Speaker Series event.

Excerpt from the Financial Times -- "After the 2008 crisis many economists devised charts showing the parallels between the modern era and interwar years, in terms of national debt levels, bank leverage, stock market bubbles and monetary policy. One of my favourite of these is a graph created by the economists Ariell Reshef and Thomas Philippon that shows how the ratio of banker pay to non-banker pay last decade was an uncanny echo of that seen 90 years ago."

Excerpt from Quartz -- "'Transparency is desirable for many different kinds of stakeholders and perhaps unsurprisingly, all frameworks reward companies for being transparent,' the report states. 'But with respect to social measurement, transparency is too often treated as an end unto itself; companies are rewarded simply for the act of disclosing, rather than delivering particular outcomes.'"

Excerpt from BBC -- "The former governor of the Bank of England, Lord Mervyn King, says 'Scotland certainly could be an independent country' and he does not see any major problems in terms of its currency."

Excerpt from The Atlantic -- "'By now, it’s becoming increasingly apparent that the issues that are putting Uber in the news frequently don’t have much to do with either its business model or its identity as a tech company,' Sundararajan said. 'If there is a serious reduction in Uber’s value over the next year, the lesson that people will take away is one of better corporate governance for early-stage tech companies—so that, as they get into a later stage, they are not in a position where the tradeoffs they made early-on ended up being more harmful than good.'"

Excerpt from CCTV -- "The recall happened in 2014 for models that were from 2001 to 2009. So many consumers looked at that and said, 'those are for older cars'. So even though GM sales did not go down on its new cars and new models after that recall, there was a significant drop in the sales and the sale prices of those second hand models."

Excerpt from The New York Times -- "Millions of dollars of capital for the project came from Chinese investors hoping to qualify for visas through the immigrant investment program known as EB-5, an initiative that enables wealthy foreign investors to put themselves on a path to United States citizenship."

The NYU Stern W. R. Berkley Innovation Labs serve as the School's creative hub for the design of 21st century business ventures and learning environments. At a recent open house, the Labs team showcased their offerings and unveiled new initiatives to a standing-room-only crowd made up of faculty, staff and alumni.

Excerpt from Thrive Global -- "This isn’t addiction in the sense of alcoholism or drugs of abuse, Alter explained to Thrive Global. These are dependencies of the media variety, where you keep returning to a software experience that feels good in the short-term but becomes problematic over time. They cut across demographics: the executive relentlessly refreshing her inbox, the teen agonizing over Instagram likes, the college student skipping class to get in one more World of Warcraft quest in."

Excerpt from BNN -- "Uber has grown faster than any tech company in history, and it's not just a tech company they've got a substantial on the ground operation globally. So when you grow that rapidly and hire managers and give them power, there tends to be a mix of different cultures and that can permeate to the executive suite as well."

Excerpt from Forbes -- "Great pastry chefs and chocolatiers employ a variety of skills in tandem: artistry and technique, a sophisticated sense of aesthetics, chemistry, physics, experimentation, graphic design, retail presentation, package design, and a love for analogies. In recent years the best have also become adept at social media, photography and videography (since everyone loves gorgeous food images), marketing, and thoughtful timing of new item introductions that keeps fans interested in seeing the latest: akin to the practices of successful fashion and cosmetics brands."

Excerpt from The Washington Post -- "'If there was one defect of his leadership of the Chase, it’s that he had so many other strong interests that he couldn’t focus all his attention on the bank,' said New York University financial historian Richard Sylla."

Excerpt from Psychology Today -- "Non-cash aspects of the offer may be more negotiable than salary, so rather than asking for more cash, you might couch the request broadly: 'Are there ways you could improve the offered package? I’m flexible as long as we find a way to help me better provide for my family.' That can be potent because a survey found that HR people typically are given little latitude on salary and more around vacation, start date, and some benefits. So you might, for example, request a training budget--that benefits both the employer and you."