Experience Stern | News & Events

Excerpt from GQ Australia -- "Meet the Australian TED-talker, NYU professor, occasional Apple designer and 'disruptive thinker' transforming staid industry practices to achieve success."

Excerpt from Harvard Business Review -- "In globalization’s heyday, strategic sectors—those in which governments take an active interest—and nonstrategic ones were easy to identify. Multinational companies could enter some industries, such as soft drinks, all over the world; other sectors, such as aircraft manufacturing, were off-limits. That’s why Coca-Cola sells its products in more than 200 countries today, while Lockheed Martin generates 80% of its revenues from sales to the U.S. government and employs 95% of its workforce in the United States. In the new era of guarded globalization, however, any sector could prove to be strategic, depending on a government’s attitudes and policies."

Excerpt from BizEd -- "We bill LAUNCH as 'An Education in Possible,' which is the essence of our mission. For us, LAUNCH has become both noun and verb. As an event, it is the beginning of our MBA students' experience at Stern; it is also an active process that propels students onto a trajectory to explore how they can become more transformative leaders."

Excerpt from Marketplace -- "New York University management professor Anat Lechner previously worked at consulting heavyweight McKinsey & Company and still consults through her own firm alongside academic work. She says hiring non-traditional consultants can be a smart move bringing fresh perspective, but that firms also need to be careful in how they seek and use advice from advisors in a totally different industry."

Excerpt from Project Syndicate -- "The outlook for 2014 is dampened by longer-term constraints as well. Indeed, there is a looming risk of secular stagnation in many advanced economies, owing to the adverse effect on productivity growth of years of underinvestment in human and physical capital."

Excerpt from Fox Business -- "This particular thing they're suing over isn't really at the center of the Volcker Rule. The center is proprietary trading and that's done."

Excerpt from Forbes -- "Look now for Ahrendts to bring her tech-enhanced fashion acumen to Apple, which could mean an expansion of the brand to apparel and accessories such as handbags, jewelry and watches, said Scott Galloway, founder of digital think tank L2. It’s all part of Apple’s unstated bid to be the global prestige brand of record, Galloway told me in October."

Excerpt from The New York Times -- "Last week I lingered over an excellent book, 'The Righteous Mind: Why Good People are Divided by Politics and Religion,' by the social psychologist Jonathan Haidt. Published in 2012, it plumbs the relationship between emotion and reason."

Excerpt from Reuters -- "The bottom line: the Saudis are actively competing with Iran for influence throughout the Middle East. That's why the Saudis have the most at stake from any easing of sanctions on Iran, any normalization of relations with the West, or any nuclear breakthrough that gives Iran the ultimate security bargaining chip."

Excerpt from Bloomberg Businessweek -- “'It allows you to get more out of the same capital -- or the same out of less capital, less input, less labor,' said Sundararajan, who teaches at the Stern School of Business and is among the first to begin studying the so-called sharing economy."

Excerpt from TIME -- "Haidt, a secular liberal, explores social-science findings that educated, upper-middle-class Americans are the most extreme moral outliers in the world. That is, the moral framework they impose on human thought and behavior is radically alien to the moral perceptions of the overwhelming majority of humanity. This doesn’t make them wrong, but it does make them extremely unusual."

Excerpt from Forbes -- "Forty percent of women globally don’t have enough iron, a leading cause of anemia... While studying at NYU Stern School of Business, Matthew Edmundson and Jennifer Tsai decided to try to make a dent in the problem–specifically, in the matter of maternal anemia."

Excerpt from Analytics Week -- "We looked at active twitter accounts who are influential thought leaders as per Kred, Klout and PeekYou. Then, we searched for certain keywords in twitter and captured twitter suggestions for accounts on those specific keywords."

Excerpt from Bloomberg -- "To test the case for Bitcoin as a currency, Yermack compared it against the three major characteristics of money: that it serves as a medium of exchange, a unit of account and store of value. On this test, Bitcoin increasingly serves as a medium of exchange because more companies accept it, Yermack said. Where it fails is as a unit of account and store of value, he said."

Excerpt from The Aggregate -- "Today this brand extends to Naked Cowboy Oysters and approximately eight other Naked Cowboys and Cowgirls, or franchisees who, according to NPR, pay $500 a month or $5,000 a year for the privilege. As a franchiser, the Naked Cowboy is collecting money in exchange for other performers to adopt components of his likeness — the Stetson, the guitar, and the near-nudity. Joel Steckel, a professor of marketing from NYU’s Stern School of Business, explains that a 'franchise is essentially a head start in running a business.'”

Excerpt from Voice of America -- "Anyone investing in the markets is investing for longer term, so what happens in the short term nobody can say. But in the longer term, if we believe in America, we believe that this is a reasonable way to invest your money."

Excerpt from Council on Foreign Relations -- "The 2014 global economy is likely to see a reemergence of the post-crisis pattern of relatively high growth in the developing economies, a continuation of real growth in the United States, and very low growth in Europe."

Excerpt from The New Yorker -- "For each point of C.E.O. attractiveness on the ten-point scale, a company gained, on average, a one-percent boost to its stock price. This suggests that the benefits of attractiveness radiate far beyond a single individual. Research suggests not only that attractive people enjoy higher incomes but that the shareholders who invest in their companies profit as well."

Excerpt from ABC.net -- "So, what is happening in China is that the banks are taking a lot of risk; they've made loans to municipal governments and state-owned enterprises which are, by all reports, largely non-performing, many of which have gone into feeding a real estate bubble and, what is most likely to happen in China is that there will be big reforms and the Chinese government will pump a lot of money into the banks to clean up their balance sheet."

Excerpt from Bloomberg Businessweek -- "In backing the banks so fulsomely, though, Bove is staking out a lonely corner of the bookshelf. 'It seems to me like he’s fighting an uphill battle,' says Thomas Cooley, the former dean of New York University’s Stern School of Business. 'Probably Jamie Dimon will give it to everyone on his Christmas list.'”

Excerpt from Bloomberg TV -- "Absolutely, students who are well-prepared in finance and economics, great. But philosophy majors, people who are critical thinkers, people who understand how to look at the world, see problems and use the tools of modern finance, economics, accounting, to create value, that's what we're looking for. And that's what the world's looking for."

Excerpt from Bloomberg TV -- "I think the Fed will follow a very data-driven policy. And if the labor market continues to improve and GDP growth is strong, I think the Fed will continue to taper. But I think the really important thing that we've learned in the last few months is that we're going to get a continuity of policy. We've got a new leader of the Fed starting in the new year who will continue to be data-driven and thoughtful."

Excerpt from Bloomberg -- "Whether or not authorities seek and find conclusive evidence of manipulation, they should learn the lesson of the London interbank offered rate and reform the gold and silver markets in a way that will deter such behavior. Both metals are highly liquid commodities, so their benchmark prices could easily be set by observing actual trades. To ensure reliability, the process should be overseen by an independent institution with the appropriate governance structure and minimal conflicts of interest."

Excerpt from The Daily Beast -- “The recommendations of the president’s review group report indicate that the status quo is unacceptable. The ball is now in the administration and Congress’ court. Restoring America’s credibility on civil liberties through executive and legislative action is the right thing to do, and it’s good for the technology business.”

Excerpt from Bloomberg -- "A lack of regulation has left the foreign-exchange market vulnerable to abuse, said Rosa Abrantes-Metz, a professor at New York University’s Stern School of Business in Manhattan. 'If nobody is monitoring these benchmarks, and since the gains from moving the benchmark are possibly very large, it is very tempting to engage in such a behavior,' said Abrantes-Metz, whose 2008 paper 'Libor Manipulation' helped spark a global probe of interbank borrowing rates. 'Even a little bit of difference in price can add up to big profits.'”