Experience Stern | News & Events

Nearly 200 alumni, guests, and friends of New York University gathered for the annual Ashok C. Sani Distinguished Scholar-in-Residence Lecture featuring Bill Drayton, Chair and Chief Executive Officer of Ashoka: Innovators for the Public, who delivered a presentation entitled “Values in a Everyone a Changemaker World.”

Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets and Professor of Economics, received the Lifetime Achievement Award from the Business History Conference (BHC), the leading professional association of business historians, at their April conference in St. Louis, MO.

Some 50 academics, practitioners and policymakers gathered at NYU Stern in April for a roundtable discussion on conflicts of interest at credit rating agencies, hosted by Stern’s Vincent C. Ross Institute of Accounting. In light of recent events in the subprime mortgage crisis, the roundtable presenters addressed topics such as the issuer-pays business model, rating triggers, regulations requiring investors to use credit ratings and the history of credit rating agencies.

In March, NYU Stern generated more than 600 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including creativity, piracy in the music industry, workplace blogging, investment myths and jobs in the tradable sector in a number of prominent outlets such as Bloomberg, Financial Times and The New York Times. Additionally, in 54 op-eds, Stern faculty discussed the detection of deception, company data disclosure, the economic effects of Japan’s natural disasters and the expansion of social media company operations in New York City.

Time has named Twitter feeds by New York University Professors Marion Nestle and Nouriel Roubini as two of the 140 Twitter feeds “that are shaping the conversation,” the magazine announced. The list also includes Lady Gaga, Starbucks, Newark Mayor Cory Booker, former vice-presidential candidate Sarah Palin, Boston Celtics Center Shaquille O’Neal, and comedian Conan O’Brien.

Four NYU Stern School of Business faculty propose a model of mortgage finance that shifts guarantees from the government to a fully private-based system in their new book, “Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance” (Princeton University Press, March 2011).

Professor of Finance Viral Acharya was selected by the European Systemic Risk Board (ESRB) to be one of the 15 members of its newly established Advisory Scientific Committee (ASC).

As part of NYU Stern’s CEO Series, Charles E. “Ed” Haldeman, Jr., CEO of Freddie Mac, the second largest source of mortgage financing in the United States, offered his perspective on the future of the US housing market, its role in the broader economy and the leadership principles he has applied throughout his career, before an audience of close to 100 NYU Stern students, faculty and alumni. The interview was conducted by Nick Timiraos of The Wall Street Journal.

With countries around the globe grappling with how best to curb global warming and reduce the world’s carbon footprint, NYU Stern’s Citi Leadership and Ethics Program is focusing on how to apply market-based approaches to address environmental issues and foster economic growth.

Eighth Annual NYU Stern-Citi Conference in Leadership & Ethics on "Business 4 Government: Leveraging Eco-Efficiency at the Local Level"

New York University Stern School of Business will no longer require Graduate Management Admission Test (GMAT) or Graduate Record Exam (GRE) test scores from candidates applying to its Executive MBA program, effective immediately. Applicants will still have the option to submit either GMAT or GRE scores with their application, but it will not be a requirement.

Does leisure-blogging in the workplace help or hurt productivity over the long term? According to Anindya Ghose, NYU Stern Associate Professor of Information, Operations and Management Sciences, and his colleagues Yan Huang and Param Vir Singh from Carnegie Mellon University, blogging helps. When organizations have lax rules on leisure blogging, it positively affects the writing and sharing of work-related blog posts and creates opportunities for strengthening employee networks.

In February, NYU Stern generated nearly 650 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including systemic risk, entrepreneurship, CEO compensation, the flash crash and Middle East unrest in a number of prominent outlets such as CNBC, The Economist and The Wall Street Journal. Additionally, in 51 op-eds, Stern faculty discussed the Deutsche Boerse-NYSE Euronext merger, public sector unions, QE2, employee activism and the economic and intellectual benefits of cities.

William C. Dudley, president and CEO of the Federal Reserve Bank of New York, shared his outlook for economic activity in the United States, employment and inflation, and described the implications for monetary policy before an audience of approximately 200 NYU Stern students, faculty and alumni in Paulson Auditorium.

Emil Tedeschi, founder, president and CEO of Atlantic Grupa in Croatia, provided an energetic and fascinating presentation to NYU Stern Executive MBA students.

Faculty from top business and law schools convened on February 25 and 26 to present, discuss and debate their work at the seventh annual NYU/Penn Conference on Law and Finance, jointly sponsored by NYU’s Pollack Center for Law & Business, Wharton’s Financial Institutions Center and the University of Pennsylvania’s Institute for Law and Economics.

Some 50 academics, practitioners and policymakers gathered at NYU Stern in February for a roundtable discussion, co-hosted by Stern’s Vincent C. Ross Institute of Accounting and NERA Economic Consulting, to discuss the recent rise in and future outlook for securities litigation.

William H. Joyce Professor of Marketing Russell Winer accepted the AMA/Irwin/McGraw-Hill Distinguished Marketing Educator Award at the AMA’s 2011 Winter Marketing Educators’ Conference on February 19 in Austin, Texas. Established in 1985, the award is given annually to a long-standing leader in marketing education who has made extensive and sustained contributions to the marketing discipline. It is designed to be the highest honor a marketing educator can receive.

To mark the establishment of the Alan Greenspan Chair in Economics, Former Federal Reserve Chairman Alan Greenspan (BS ’48, MA ’50, PhD ’77, Honorary Doctorate of Commercial Science ’05) was interviewed by John A. Paulson (BS ’78), the president of Paulson & Co. Inc, before a packed auditorium of more than 400 students, faculty and alumni.

In January, NYU Stern generated nearly 900 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including consumer color preferences, global financial regulation, accounting fraud, body language and art market valuation in a number of prominent outlets such as Bloomberg Businessweek, Financial Times and The New York Times. Additionally, in 40 op-eds, Stern faculty discussed clean technology investment, the importance of studying communications in business, Starbucks’s new logo, the Arizona shootings, Steve Jobs’s medical leave and solutions to the Greek debt.

Two of NYU Stern’s faculty members have recently received prestigious awards, each given to researchers under the age of 40, for their research to date and respective contributions to their fields. Xavier Gabaix, Martin J. Gruber Chair in Asset Management, has been awarded the 2011 Fischer Black Prize. Alexander Ljungqvist, Ira Rennert Chair in Finance and Entrepreneurship, received the 2011 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship.

NYU Stern Finance Professor Matthew Richardson (above at the podium) speaks about reforming mortgage finance at a Conference on the GSEs, Housing and the Economy, hosted by Stern's Salomon Center and the Center for Financial Policy at the University at Maryland's Robert H. Smith School of Business on January 24, 2011.

Xavier Gabaix, Professor of Finance and Martin J. Gruber Chair in Asset Management, and his colleagues received a certificate of excellence from the TIAA-CREF Institute for their paper, “The Age of Reason: Financial Decisions over the Life Cycle with Implications for Regulation.” In the paper, the authors analyze 10 different types of credit behavior of people of different ages and conclude that younger and older adults may need additional guidance with respect to financial matters; they find that the "age of reason" (when people make the fewest financial mistakes) is 53 years old.

In December, NYU Stern generated almost 800 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including risk calculation, brands replacing religion as a source of self-worth, detection of proprietary trading and the economic outlook for emerging economies in a number of prominent outlets such as Bloomberg, CNBC and The Wall Street Journal. Additionally, in 34 op-eds, Stern faculty discussed the Wikileaks data dump, President Obama’s tax cut deal, overcompensation of financial sector employees, Russia and Qatar as World Cup sites and the gold investment boom.

In an effort to spark innovation and expand entrepreneurship opportunities, NYU is launching the Technology Venture Competition this fall. The competition, which is open to NYU students, faculty and researchers, has a top prize of $75,000 to the winners. The Entrepreneurs Challenge, launched in 1999, is the premier platform for identifying, nurturing and showcasing entrepreneurial talent at NYU. In addition to the newly created Technology Venture Competition, the Entrepreneurs Challenge includes the Annual New Venture Competition and the Social Venture Competition.