Experience Stern | News & Events

On October 2, NYU Stern's "In Conversation with Lord Mervyn King" series hosted Sir Angus Deaton, Nobel Laureate, senior scholar and professor emeritus, Princeton University, and presidential professor of economics, University of Southern California.

"There probably are a minority of WeWorks that are cash-flow positive and could sustain a corporate headquarters with 80 percent fewer staff. They have 15,000 employees; I don’t see any path that doesn’t involve 5,000 to 10,000 layoffs in the next 60 days."

"'Selling Didi's shares at [a] discounted price doesn't seem unnatural considering the stock price of Uber and Lyft,' said Jihoon Rim, a former CEO of Kakao, a South Korean messaging app that also has a taxi service who is now a professor at New York University. 'When you see a global peer suffering, it is difficult to defend the stock unless you can argue it is different.'"

"What's more, Walter says signing on to the UN principles can be a preemptive exercise by banks 'aiming to ward off regulation.' They are 'making the case that, post-financial-crisis, they have learned some valuable lessons, they understand where they went wrong, and are changing their ways, as encapsulated in the Principles for Responsible Banking.'"
 

Excerpt from Family Circle -- "If you have a very clear memory of reading an email, but you've searched and searched and still can't find it in any file...check your texts. 'It happens all the time--a conversation will continue on three or four different forms of communication,' says Adam Alter, associate professor at [the] Stern School of Business at New York University and author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'It's the perfect recipe for dropping the ball.'"

"'The difficulty is these threats are morphing and proliferating,' Barrett tells Fortune. 'My impression is that the tech companies are trying in good faith to protect their users, but the new threats are challenging even for someone with Facebook’s technological prowess.'"

Excerpt from Poets & Quants -- "...a few highly ranked schools have launched high-profile new programs to respond to the demand — among them, NYU’s Stern School of Business and Duke University’s Fuqua School of Business."

Excerpt from WalletHub -- "Some people do not correctly anticipate how much more interest they will pay, and as a result end up paying too much. A personal loan typically has a defined schedule of payments. This may be helpful for people who have trouble estimating how much interest they will pay and as a way to organize their repayment."

Excerpt from Recode -- "'The owner of the platform manipulates who succeeds or who fails,' one of the report’s authors, NYU Stern Professor Melissa Schilling, told Recode."

Excerpt from The New York Times -- "'Peloton is talking about delivering happiness and connecting people,' Mr. Galloway said. 'No: You sell exercise equipment.'"

New study from faculty at UCL School of Management, NYU Stern School of Business and the University of Auckland Business School shows that sophisticated platform owners manipulate which products rise to the top of featured listings.

NYU Stern's Fubon Center for Technology, Business, and Innovation will host Stern’s first Digital Innovation Conference on September 27, 2019. The focus of this year's conference will be Platform Strategy.

Excerpt from Fortune -- "'It is not about just spitting out a probabilistic outcome,' Seamans says. 'You will need everyone on board with the course of action, and if you can’t explain the rationale, you won’t be able to do that.'"

Excerpt from Bloomberg -- (15:35) "This is really a product that is category-defining. It has defined the first realistic middle ground between boring home exercise equipment and going to a studio, going to a fitness class, so I'm bullish about the company, but I think that they have to make a few smart strategic moves in order to justify and grow their valuations."

Excerpt from nScreenMedia "At the Future of Television show in New York this week, Al Lieberman, Executive Director Entertainment, Media, and Technology Program at NYU Stern, opened the event with a short speech. He left the audience with a brief prescient thought: 'Change and risk define where we are in the industry.'"

Excerpt from MIT Sloan Management Review -- "The section on 'investing in our employee' sounds like Henry Ford introducing the $5/day wage plus other services for employees in 1914. But Ford was trying to retain low-skilled workers engaged in repetitive tasks, whereas today's companies are competing for high-skilled people. Overall, the statement reads like an acknowledgment of larger societal shifts and less [as a] changing force itself."

Excerpt from Knowledge@Wharton -- "They have to survive a recession and prove [that this] business model can survive, and then they should go public. If they rush it, I think it's going to be a misfire."

Timed to the opening of the General Assembly of the United Nations this fall, NYU Stern's Business & Society Program and the UN Capital Development Fund (UNCDF) hosted "Digital Finance for the Sustainable Development Goals," co-sponsored by Stern clubs Net Impact and Economic Development Group.

Excerpt from Quartz -- "'Deep discounts can have detrimental erosion effect on the value of products and services in the mind of the consumer, especially if it is done frequently and for an extended duration,' Anindya Ghose, the Heinz Riehl professor of business at New York University’s Stern School, told Quartz."

Excerpt from CNBC -- "One simple way to look at it is, I came to the US 20 years ago and 20 years ago, internet service, cell phone plans, airline tickets -- all of that was much cheaper here than in France. And today, when you fly around the world, you realize it's the opposite."

Excerpt from Insider -- "Adams then made her way back to the business school building to complete her second lab session. Not far away, in the same building, Adams had her first class of the day called "Patterns of Entrepreneurship" where she pitched a new business opportunity in front of her class. Stern is consistently ranked among the nation's best."

Excerpt from Business Insider -- "'He's not going to accept change easily,' Adamson adds. 'Once your head gets that big, you're not going to take directions from an operations, management bean counter type. But that's what's required to get this back on track. It's going to be painful. Lots of people are going to lose money.'"
 

Excerpt from Philanthropy News Digest -- "The largest gift from a woman entrepreneur in the school's history will support, over ten years, Elizabeth Elting Women's Leadership Fellowships for a total of forty female MBA students who demonstrate academic merit and, in association with the school's Endless Frontier Labs program, provide seed capital to twenty women-led businesses through the Elizabeth Elting Venture Fund."

Excerpt from The Chronicle of Philanthropy -- "Elizabeth Elting donated $5 million through her eponymous foundation to establish the Elizabeth Elting Women’s Leadership Fellowship, which will support 40 female MBA students; and to back an additional 20 women-led businesses through the Elizabeth Elting Venture Fund."

New study from faculty at NYU Stern, University of Bolzano and Bocconi University shows that earnings reports are more reliable from private vs. public consolidated firms in Europe