Experience Stern | News & Events

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."

Excerpt from JoongAng -- "The boundaries between commercial and personal will change fluidly. My home sometimes becomes a hotel, and my kitchen sometimes becomes a restaurant. We need to fundamentally rethink the current policy concept of the government that distinguishes between commercial and personal."

Excerpt from Bloomberg -- "'The Greek recovery is once more significantly delayed by politics,' said Nicholas Economides, a professor of economics at New York University’s Stern School of Business. 'Tsipras will blink at some point in time, the question is when.'"

Excerpt from The Wall Street Journal -- "If ever there was going to be a good year for CEO pay, it was going to be 2016,” said David Yermack, a finance professor at New York University’s Stern School of Business who studies executive pay. ... Mr. Yermack said regular shareholder votes on executive pay have forced boards 'to do their homework' in better tying top-boss pay packages to performance."

Excerpt from CNBC -- "'[Markets] are overestimating the positives of the US-Trump policies. Infrastructure, stimulus, deregulation, tax cuts: I think Trump will achieve much less on those dimensions,' he said. 'And they're underestimating the risk that the U.S. protectionist policies are going to lead to trade wars, that the restrictions on immigration are going to slow down labor supply, and that micromanaging the corporate sector is going to be negative.'"

Excerpt from CGTN -- "I don't think poverty is that bad in Germany, by international standards they are close to the average of the European Union. So they are not in a desperate situation but definitely they can do better. I think the welcomed news here is that growth is going well in Germany. This was a danger because Germany didn't do a stimulus package like the United States for the recession that just preceded us."

Excerpt from Bloomberg -- "Dodd-Frank is very inefficient in some ways. But the Choice Act, which is the proposed replacement for Dodd-Frank, would actually make the system less safe. So if I had to choose, even if I don't like the inefficiency, I'd prefer safety."

Excerpt from Business Day -- "A frequently used metric is the SRISK, a measure of systemic risk used by Nobel laureate Robert Engle and his associates from the New York University’s Stern School of Business. At the firm level, SRISK is the expected capital shortfall — the amount it would cost to bail out the institution to maintain stability in the markets — that is associated with the collapse of the institution under stressed market conditions. This measure is a function of the size of the firm; the extent to which debt is used to finance activity. Equity losses would be expected to be incurred in the long term when the system is under distress."

Excerpt from Bloomberg -- "The European Union just reaffirmed its commitment not only to globalization, but to the multilateral approach. I think it's multilateralism vs. bilateralism that's going to be the area of possible disagreement."

Excerpt from The Guardian -- "'It’s been happening for a couple of years. It’s not as easy to raise capital and VCs are demanding better terms,' added Aswath Damodaran, a professor of finance at the Stern School of Business."