Experience Stern | News & Events

Excerpt from Business Insider -- "The Trump administration must give $1,000 to every American adult or coronavirus will plunge the US into its worst recession in nearly a century, according to Nouriel Roubini."

Excerpt from Compliance Week -- "Alison Taylor, executive director of Ethical Systems, a nonprofit research group based at NYU’s business school, said corporate leaders recognize their brands are a huge part of their company’s value. She said some companies have made the moves after being criticized online and by the media. 'Social media is allowing people to keep track, and for some businesses the reputational downsides of these critiques create enough of a business case for action, despite the more direct expense of covering sick leave,' she said."

Excerpt from Financial News -- "'I think this is much more difficult than dealing with the financial crisis,' King told Financial News in a phone interview Monday. Unlike the coronavirus pandemic, there have been several financial crises in the past from which central bankers could draw lessons. 'I think we had a pretty clear idea as to the kind of measures we needed to take.'”

Excerpt from Seeking Alpha -- "Jeffrey Hollender also shares a positive outlook on Sustainability from a business perspective, 'Sustainability is going to improve your financial performance and that's what people don't understand.' said the NYU Stern professor."

Excerpt from Retail Dive -- "While President Trump on Monday predicted that pent-up demand will alleviate the impact on retail and on the economy more widely, he also admitted how uncertain that is. In fact, while it's possible that shoppers return, some may find value in less consumption, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business.​"

Excerpt from Journal of Accountancy -- "'From the audit perspective, they need to really carefully look at those areas where management has discretion,' said Amal Shehata, CPA, an accounting clinical associate professor at New York University’s Leonard N. Stern School of Business. 'Those are amounts that have to be estimated, and so evaluating how their clients are applying discretion is going to be critical. Despite all the technological tools we have at our disposal, there’s still a very human element to the audit process.'”

Excerpt from U.S. News -- "New York University's Leonard N. Stern School of Business also jumped ahead in the rankings, rising from a three-way tie at No. 12 last year to No. 10 this year."

Excerpt from Forbes -- "Current AI market leaders include Amazon, Microsoft, Google, Apple, IBM, Salesforce, SAP, Oracle, Alibaba, and Baidu. 'The prize will be to become the operating system of the next era of tech,' according to NYU Stern School of Business professor Arun Sundararajan."

Excerpt from Poets & Quants -- “'NYU Stern informed students admitted to the school’s Class of 2022 Andre Koo Tech MBA and Fashion & Luxury MBA programs that the start date has been shifted to no earlier than July 6, 2020,' JP Eggers, vice dean for MBA programs, tells Poets&Quants. 'Given the latest guidance from the CDC and after much consideration, the school believes postponing the start date for our one-year programs is the best choice to deliver on an outstanding educational experience in which experiential learning is an essential part.'”

Excerpt from Forbes -- "With cruise lines in the news of late for the wrong reasons related to the novel coronavirus, it is true that this is an industry that will be hit especially hard in the economic fallout of the current environment in the United States and beyond. Professor Scott Galloway of New York University’s Stern School of Business (and a one, two time interviewee of this column) has mentioned multiple times on his podcast Pivot that he is especially bullish on Carnival’s prospects after this crisis concludes."

Excerpt from Asahi Shimbun -- "Nicholas Economides of New York University says 'The market is now more driven by fear than rational calculations. It may take another week for people to begin to understand which industries and companies will be hit and how much.'"

Excerpt from PBS -- "Even before the market volatility, university and college endowments were realizing lower returns than endowments that support nonprofit organizations in the arts, human services, health care and religion, according to a study by business professors Sandeep Dahiya and David Yermack of Georgetown and New York universities, respectively."

Excerpt from Politico -- "FUTURE OF WORK — THE UNMANAGEABLE WORKFORCE: As much of the world shifts to temporarily working from home, Alison Taylor of NYU’s Stern Business School warns of a much harder problem to solve when we all return to our offices, shops and factories: inter-generational workplace conflict."

Excerpt from TIME -- "For one thing, Haidt, like all of us, wants to be thought well of—by himself and by others. 'As someone who studies moral psychology, I can say we all do care about the welfare of other people—although inconsistently,' he says. 'We also all care about our reputations—very consistently. I would truly feel guilty if I passed the virus onto anybody else."

Excerpt from Adweek -- “'Offering free information on the coronavirus offers an opportunity to reach new customers [and] readers, who may stick with the publication afterward and perhaps be willing to pay later if they are impressed by the content,' said Tom Meyvis, professor of marketing at New York University’s Stern School of Business."

Excerpt from Yahoo Finance -- “'I think the chances of a recession have spiked dramatically, obviously since the coronavirus threat and now impact has happened. I’d say the average economist now is thinking that there’s a 60% chance of a recession within the next twelve months. That’s up dramatically from what is was before. That is the key, but if you go back to the fundamentals of companies and markets before this virus happened, there were a lot of warning signs out there already.'"

Excerpt from Marketplace -- "'Scarcity is a really powerful driver of consumption,” said Adam Alter, who teaches marketing and psychology at the New York University Stern School of Business. Alter said when you go to the store and see that there’s no toilet paper left, that signals that a product is in short supply."

Excerpt from Retail Dive -- "A smooth, swift reverse supply chain helps with that, and enables a retailer's ability to sell a returned item at full price, according to Terry. That's a logistical answer to bolstering the efficiency of the online cart that only goes so far, however. And it doesn't address the increasing concerns about the sustainability of the practice, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business."

Excerpt from Yahoo Finance -- "The push shows how much the platforms can do when they pull out all the stops, according to scholars who study the subject—going far beyond their efforts leading up to the 2016 election, when political misinformation became a prominent issue, and in the years since. But it also reveals some inherent limitations to fighting bad information, even with Big Tech’s vast resources. 'They’ve definitely been more aggressive in responding to the coronavirus crisis than they have been in going after political misinformation,' says Paul Barrett."

Excerpt from Institutional Investor -- "This dearth of public spending is one of the major reasons for the declines in care standards at nursing homes, according to one of the paper’s authors, Sabrina Howell, who is the assistant professor of finance at New York University’s Stern School of Business and a faculty research fellow at the National Bureau of Economic Research."

Excerpt from Adweek -- “'There are quite a few people who have never worked from home and are not accustomed to doing so, so there has to be a bit of a learning period,' Lechner said. 'The learning curve takes time—and we won’t have time to learn.'”

Excerpt from The New York Times -- “'Given the product prices, there is a sense that the luxury brands must be doing it right, and that makes them immune to public scrutiny,' said Michael Posner, a professor of ethics and finance at the Stern School of Business at New York University. 'But despite the price tags for luxury brand goods, the conditions in factories across their supply chains can be just as bad as those found in factories producing for fast fashion retailers.'”

Excerpt from MIT Sloan Management Review -- "In my experience, companies often focus on the familiar threats because they have systems in place to monitor and measure known risks. This adds very little value to long-term planning, and, worse, it can lead to organizations having to make quick decisions under duress. It’s rarer for companies to investigate unfamiliar disruptive forces in advance and to incorporate that research into strategy."

Excerpt from The New York Times -- “'To avoid huge accounting losses, which cut into capital, the effect would be to not lend, or to lend less,' said Joshua Ronen, an accounting professor at New York University. That could 'paradoxically' hit the most strapped borrowers, he said, since they are often the worst credit risk."
 

Excerpt from The Wall Street Journal -- "For investors, the ability to deliver on those commitments could determine whether Monday’s agreement between the social-media messaging company and Elliott Management Corp. leads to long-term corporate peace or amounts to only a reprieve for Mr. Dorsey, a co-founder of the company. Scott Galloway—a professor at New York University’s Stern School of Business, a Twitter investor and a critic of Mr. Dorsey’s leadership—said the truce between the company and Elliott was 'a stay of execution' for the CEO."