Experience Stern | News & Events

On April 6, Stern Women in Business (SWIB) will host its 26th annual Stern Women in Business Conference entitled, "Transform the Present. Shape the Future"

Excerpt from Campden FB -- "For family offices that are a number of generations removed from the founder, the importance is to have a board or investment committee that can review the actions of the family office investment staff over time to ensure there is continuous adaption relative to the office’s long-term objectives."

Excerpt from Quartz -- "How did Uber’s ratings become more inflated than grades at Harvard? That’s the topic of a new paper, 'Reputation Inflation,' from NYU’s John Horton and Apostolos Filippas, and Collage.com CEO Joseph Golden. The paper argues that online platforms, especially peer-to-peer ones like Uber and Airbnb, are highly susceptible to ratings inflation because, well, it’s uncomfortable for one person to leave another a bad review."

Excerpt from InvestorPlace -- “Users will increasingly message because of the presence of payments on the same platform, and they will increasingly use payments because of the presence of messaging on the same platform.”

Excerpt from Poets & Quants -- "Physically going to these countries helps students understand the consumer and regulatory environments and is especially helpful in understanding niche markets. Additionally, students don’t often have the experience of seeing the business on the ground (for example, an operating factory) and experience the customer behavior in different countries."

A team of NYU Stern MBA students won the eighth annual UCLA Anderson Fink Center Stock Pitch Competition. The team, including William Li (MBA ‘18), Charles Perron-Piché (MBA ‘19), Diven Sharma (MBA ‘18) and Tim Zhao (MBA ‘19), was awarded $6,000 for their presentation, and earned Stern’s first win in the competition. 

Excerpt from Fox Business -- "'If he was serious about this, he would have made the argument against all of big tech, and he would have privately gone to some Democratic and Republican senators and made it a bipartisan issue,' he said. 'The place to go gangster on these guys is through red state [attorneys general]. That’s what he should have done.'"

Excerpt from AdAge -- "Sorrell built WPP into the world's largest agency company and has not publicly identified possible successors, but that doesn't mean he's irreplaceable, suggests Karen Brenner, a clinical professor of business at the Leonard N. Stern School of Business at NYU. 'Think about companies where you have iconic CEOs who are so closely associated with the company,' Brenner says. Outsiders frequently believe such companies will suffer without that CEO at the helm, she says, citing the example of Steve Jobs and Apple."

Excerpt from TIME -- "...according to Rob Salomon, associate professor of international management at the NYU Stern School of Business, trade deficits may actually help the U.S. by flowing dollars back into the economy and keeping American interest rates low. 'This makes mortgages less expensive, this makes business loans less expensive, and this makes capital to start businesses less expensive,' he says."

Excerpt from Newsweek -- "'Facebook has appropriately banned the IRA from its platforms,' said Michael Posner, director of the NYU Stern Center for Business and Human Rights. 'We applaud Facebook for recognizing that Russian disinformation online is a serious problem and for developing a response to this sustained effort to inject political propaganda into American society, as well into Russian and European societies.'"

Excerpt from CNBC -- "I think it builds on a solid foundation. It's going into a business that is broken. The music business fundamentally is broken and I think Spotify might be the best chance for the music business to turn itself around. So I think you have to build from the basics again, revenues and margins improving over time are what's going to drive the value of the company."

Excerpt from Poets & Quants -- "In short, the ISP trip was an incredible, eye-opening whirlwind. While my body and sleep schedule have not yet recovered from the constant running around, I would not have changed a thing. I went on the trip with some very close friends but coming back, I know I have created more personal relationships with students and staff that I was previously only acquainted with. In the end, not only did I feel closer to the Stern community, but I had more pride for our school and every opportunity it has provided me. And even though we were in Hong Kong for less than five full days, the lessons learned and relationships created will last a lifetime."

Excerpt from Bloomberg -- "Asset valuations are stretched across a broad set of financial markets and some cryptocurrencies have witnessed 'extreme volatility,' Federal Reserve Governor Lael Brainard said, though overall risks to the financial system are still low. 'Estimates of risk premiums and spreads in a range of markets remain narrow by historical standards,' Brainard said Tuesday in prepared remarks at New York University’s Stern School of Business."

Excerpt from US News & World Report -- "The Stern School of Business at New York University still makes international academic experiences optional for MBA students, but the number who have embraced global offerings has grown substantially in recent years, says Jamie Tobias, assistant dean of student engagement. ... Many students also partner with faculty and go abroad through Stern Solutions to help solve a real-world business problem. A recent group collaborated with the World Wildlife Fund and the United Arab Emirates' Fujairah municipality to launch the country's first national park."

Excerpt from The Sydney Morning Herald -- "Researchers Priya Raghubir and Joydeep Srivastava found that there are significant differences in spending based on how shoppers pay for things. Their main argument was that 'the more transparent the payment outflow, the greater the aversion to spending or higher the pain of paying… leading to less transparent payment modes such as credit cards and gift cards (vs. cash) being more easily spent or treated as play or "monopoly money".'"

On April 3, NYU Stern’s Center for Sustainable Business hosted a panel discussion entitled, “The Intersection of Sustainability, Sports and Business”. 

On April 3, the NYU Stern Center for Global Economy and Business hosted a public talk with Dr. Lael Brainard, Member of the Board of Governors of the Federal Reserve System.

Excerpt from CBS News -- "Dhar said companies need to start being proactive and treat customer data as first class. 'This is a CEO-level issue. It isn’t something that you slough off to your tech person and say, "hey, prevent these things from happening,"' he said."

Excerpt from MIT Technology Review -- "Research points to where the field is headed. At an event that NYC Media Lab hosted in 2015, Alexander Tuzhilin, professor of information systems at the NYU Stern School of Business, pointed out that most of the targeting applications we see today represent the second generation of these technologies. The data employed includes context awareness, spatiotemporal and mobile data, multi-criteria ratings, social-media data, conversational recommendations, and more. These are standard tools of the trade used in targeting by internet marketers, as well as by Cambridge Analytica in 2016."

Excerpt from CNBC -- "If brands find the right counterpart for a viral partnership, it can create a great synergy, according to Michelle Greenwald, marketing professor at NYU Stern. She says that it can be a funny juxtaposition and bring new audiences to both brands. Warby Parker's brand isn't one that's generally associated with comedy, so Arby's can help lighten the mood and bring comedy to the table. Greenwald says that the brands' different audiences can help bring exposure to both of them and create more widespread awareness without spending much money."

Excerpt from Poets & Quants -- "For this year’s graduating class, business comes down to one word: Impact. As the big day nears, these future business leaders are leaving their mark – often in big ways that defy traditional business roles and methods."

Excerpt from US News & World Report -- "'Think about your story and how you want to present yourself,' Gallogly advises. 'The interviewer has read your entire application so you can go a lot deeper and have a substantive discussion.'"

Excerpt from US News & World Report -- "New York University's Leonard N. Stern School of Business will welcome students this spring to two new one-year MBA programs, one for those interested in fashion and luxury goods and one in technology for those who want to add business skills to their tech expertise. The goal, says Raghu Sundaram, is to combine the breadth of an MBA with the depth you'd get in coursework for a master's in data science, say."

Excerpt from Il Sole 24 Ore -- (Translated from Italian using Google Translate) "...analyzing the interactions of over 140 countries, which cover 99 percent of the global economy and 95 percent of the world's population, Ghemawat demonstrates empirically that although it has been hit hard from the 2008-09 downturn, globalization has already reached and exceeded the pre-crisis levels."

Excerpt from Poets & Quants -- "I always believed business school was about crunching numbers and producing valuations, but the courses in Stern’s Social Impact Core—namely, Business and Its Publics and Professional Responsibility and Leadership—broadened this mindset and forced me to reflect on why I was embarking on a career in business and the moral principles behind this decision."