Experience Stern | News & Events

Having regulated CEO pay in firms that have received bailout money, the Obama administration is now in serious discussions about overhauling compensation practices across the entire financial services industry.

In their new research paper entitled, “An Empirical Analysis of Search Engine Advertising: Sponsored Search in Electronic Markets,” NYU Stern Professors Anindya Ghose and Sha Yang challenge the prevailing viewpoint that the topmost positions are always the most profitable ones for advertisers in search engine auctions.

Assistant Professor of Finance Thomas Philippon was one of two recipients of the "Best Young Economist" award, given every year by Le Cercle des economistes in partnership with the newspaper Le Monde Economie.

As advancements across network industries take shape and public policymakers race to keep up with today’s dynamic marketplace, a group of distinguished academics gathered this May at NYU Stern for the Sixth Annual NET Institute Conference.

As part of NYU Stern’s Berkley Center for Entrepreneurial Studies Himelberg Speaker Series, Facebook co-founder Chris Hughes recently spoke with a select group of entrepreneurs from Stern’s student, faculty and alumni communities.

The Stern Doctoral Office hosted its inaugural PhD Alumni Conference in May to bring together Stern PhD alumni, faculty and students in a day of reconnecting and engaging in new ideas.

The NYU Pollack Center for Law & Business, a joint initiative between NYU Stern School of Business and NYU School of Law, in May hosted its seventh annual Directors’ Institute, entitled, “Board Monitoring of Risk Management.”

NYU Stern Salomon Center, in partnership with Nasdaq OMX, recently hosted an all-day conference discussing the future of derivatives. New research in the area was presented by Stern faculty and faculty from other schools including Columbia Business School and UCLA.

These Stern faculty, along with many of their colleagues, developed 18 independent policy papers offering market-focused solutions to the financial crisis, which were published in the book "Restoring Financial Stability: How to Repair a Failed System."

With ailing U.S. automakers receiving government bailouts, the CEO Series on April 7 with Stefan Jacoby, President and Chief Executive Officer of Volkswagen of America, Inc., proved to be especially timely and of interest to the hundreds of NYU Stern students and alumni who attended to hear Jacoby speak.

On Friday April 3, 2009, Professor Engle will debut Stern’s new Volatility Lab, or “Vlab” for short, at the Volatility Institute’s inaugural conference. A new and independent tool to measure market risk, the Vlab calculates the volatility of the S&P 500, MSCI World Index, emerging markets, commodities, exchange rates and more every day. It also produces volatility forecasts up to a year in advance.

“When the economy sours and corporate bottom lines suffer, organizations must rely on employees more than ever to go beyond the call of duty,” says NYU Stern Professor Steve Blader. In two recent studies examining close to 1,000 employees, he and his colleagues explored how organizations can motivate workers.

NYU Stern hosted an event for alumni and the media to discuss the ideas in the book, "Restoring Financial Stability: How to Repair a Failed System," co-edited by Professors Viral Acharya and Matthew Richardson. The book is a compendium of 18 White Papers by 33 Stern faculty that take an objective look at the causes of the financial crisis and present solutions to repairing the system.

November 1 marked the beginning of an unprecedented collaboration among NYU Stern's leading finance and economic scholars. The goal was to harness the collective intellectual strength and expertise at the Stern School in order to influence policy—during and immediately following the transition to the Obama administration-as the repair of the failed financial system got underway. The result was a systematic approach to analyzing the numerous causes of the financial crisis, and to proposing financial policy alternatives and specific courses of action that aimed to restore the global financial and economic system.

Today, NYU Stern announced the launch of a new research center, the Volatility Institute, created under the leadership of the School’s Nobel Laureate Robert F. Engle, the Michael Armellino Professor of Finance at Stern.

"If we can create social businesses, we can end poverty in the world, and then we'll create poverty museums," explained 2006 Nobel Peace Prize Winner Muhammad Yunus to an audience of 400 in Schimmel Auditorium on January 27.

The third expert panel in a series of three entitled "Transition 2008: Advising America's Next President" with the Council on Foreign Relations, The Economist and NYU Stern convened to discuss US trade policy.

In publishing the first empirical evidence measuring the influence of the political views of states on the volume of buyout activity and outcomes of buyout transactions, NYU Stern Assistant Professor of Management Aviad Pe’er, with Oliver Gottschalg of HEC School of Management in Paris, found that Republican political views positively impact both the volume and performance of buyouts, while the Democratic political views have negative impacts.

At the CEO Series on November 12, Jim McNerney, Chairman, President and Chief Executive Officer of The Boeing Company, shared his outlook on the financial crisis, giving the more than 300 Stern students and alumni who attended a critically important perspective on some of the global implications of this crisis for a major manufacturer and exporter.

As President-elect Obama transitions into the White House, experts from the Council on Foreign Relations, The Economist and NYU Stern debated the current global financial crisis with a focus on ways to repair a broken economy. Entitled "Transition 2008: Advising America's Next President," this is the first of three events that address global issues as they relate to the US presidency.

On October 24, at NYU Stern for a GE Live event entitled, "Winning in Today's Environment," Immelt spoke to nearly 300 NYU Stern MBA students as well as hundreds more at six other business schools across the globe — London Business School, IESE in Spain, UVA-Darden, Thunderbird, UN,C and Emory — where the event was broadcast live.

As the Dow hits records lows, consumer confidence continues to wane and the Fed crafts plans to stave off a Depression-like era, Dean Thomas Cooley moderated a discussion with industry, media and academic thought-leaders to analyze, and offer solutions for, the current financial crisis.

The panel, moderated and introduced by Dean Thomas Cooley, comprised Profs. Edward Altman, Lawrence White and Roy Smith.

In publishing the first empirical evidence measuring the value of academic research on business school performance, NYU Stern Marketing Professor Peter Golder, with Debanjan Mitra of the University of Florida, use data to challenge the widely publicized 2005 Harvard Business Review opinion-based attack by Bennis and O'Toole on business schools for becoming too focused on research at students' expense. Golder and Mitra's research appears in the September 2008 issue of The Journal of Marketing.

The New York University Leonard N. Stern School of Business and the Swiss Finance Institute announce a new executive learning program to tackle future challenges presented by the global financial system. The specialized executive MBA in Banking and Financial Institutions Management assembles a faculty offering an unrivaled concentration of global expertise in banking and finance.