Experience Stern | News & Events

Paul Romer, University Professor, professor of economics, director or the NYU Stern Urbanization Project and interim director of NYU's Marron Institute on Cities and the Urban Environment, delivered a University Professorship Lecture entitled “Approaching the City through Pasteur's Quadrant" this Spring. The event was hosted by Provost David McLaughlin and Dean Peter Henry in Stern’s Cantor Boardroom.

Excerpt from Crain's -- "After years of relentlessly attacking the big stock exchanges with better technology, Mr. Harkins is now studying for an M.B.A. in finance and entrepreneurship at New York University. Being an entrepreneur is always fun and risky, he said. 'But if you know your industry really well, you can make educated guesses on where it's going.'"

Excerpt from Bloomberg TV -- "Crisis management always boils down to the same three things. Acknowledge the issue, get the top guy or gal addressing the issue, and then overcorrect. And I think they've done everything except address the issue when it actually happened and that's what they're getting heartache about. She gets a pass. She's fine. She's been on the job six weeks."

Excerpt from The New York Times -- "Indeed, many Turkers are actively helping to put themselves out of jobs. 'Yesterday it was spam moderation,' said Panos Ipeirotis, a professor of business at New York University. 'And today it’s transcriptions and translation. Once we help computers solve the problem of today, we move on to more challenging tasks. Maybe in 10 years, it’s something we think of as completely out of the range of computers right now. I see it happening, all the time.'”

Excerpt from Bloomberg TV -- "I think Aereo is the Napster of our generation. I think it's going to be put out of business. They're taking on a 57 billion dollar industry whose infrastructure ... you can use technology to steal, and that's effectively what the industry will say these guys are doing."

Excerpt from Smithsonian Magazine -- "Even the perception of speed can be deceptive. When things come easily or quickly, when we don’t have to struggle, we tend to feel smarter, a concept termed fluency. In one study, Adam Alter and fellow psychologists at New York University asked volunteers to answer a series of questions typed in either a crisp, clear font (a fluent experience) or a slightly blurred, harder to read version (a disfluent one). The people who had to work harder ended up processing the text more deeply and responding to the questions more accurately."

Susan Jurevics (MBA ’96), chief executive officer of Pottermore, joined Dean Peter Henry and MBA students for NYU Stern’s Block Lunch event series this spring.

Excerpt from Minnesota Public Radio -- "We're the first business school to take [human rights issues] on and I'm proud that Stern has done that. This should be taught at every business school, frankly. And people coming out of business school ought to have opportunities to go work in companies in the operational side to lead companies who have some background in human rights. By and large, I don't think that exists today."

Excerpt from HBS Working Knowledge -- "Zhu has other research in the works related to ad-sponsored business models, including one with Robert Seamans at New York University that considers how ad-sponsored free newspapers affect pricing and content delivery strategies of incumbent newspapers that charge subscription fees."

Excerpt from Project Syndicate -- "Indeed, as was the case with the global financial crisis, investors seem unable to estimate, price, and hedge such tail risks properly. Only time will tell whether their current nonchalance constitutes another failure to assess and prepare for extreme events."

New York University Stern School of Business announced the appointment of one of its alumni, Conor Grennan, as Dean of Students for the MBA program, effective April 1. In this role, Conor will act as liaison between the administration and the School’s more than 2,500 full-time and Langone MBA students.

Excerpt from The Globe and Mail -- "Companies with corporate jets underperform market benchmarks for average shareholder return by 4 per cent, New York University Professor David Yermack found. One interesting tidbit in the study, Bryant University Professor Michael Roberto notes, is that companies with jets also tend to have CEOs with long-distance golf club memberships."

Excerpt from Crain's New York -- "'To have this dealership model hardened into stone is purely protectionist and gets in the way of efficient distribution,' said NYU's Mr. White. Forcing Tesla—which makes relatively few cars and sells them at a high price point to a narrow consumer base—to engage in wholesale relationships with franchises would cripple the company and doom the franchises, he said."

Excerpt from The New York Times -- "Christie’s, the auction house, has estimated that the core of the collection would sell for $454 million to $867 million. But those figures cover only a fraction of the museum’s art; others have put the total value much higher. Foundations and individual donors have already pledged hundreds of millions to keep the collection off the auction block, but whether they will succeed remains uncertain."

Excerpt from The Economist -- "Rosa Abrantes-Metz of New York University’s Stern School of Business, whose number-crunching helped expose the LIBOR affair, thinks the Americans are too sceptical. She argues that market screening, like the medical sort, is useful as an indicator that prompts further investigation."

Excerpt from NPR -- "If you have to rock the boat to get what you think you deserve, then you should do it, but I think there's a right way to do it. You don't have to be rude."

Excerpt from The New Yorker -- "In 2012, an economic analysis by Masakazu Ishihara, of New York University, and Andrew Ching, of the University of Toronto, found that if used games were to disappear from the market and new games stayed at current prices—which would effectively make the games more expensive for the buyer—the average profits per game would fall by ten per cent."

Excerpt from Poets & Quants -- "Stern Dean Peter Henry says a major concern for him is 'accessibility' to higher education. One of his top priorities is to raise more money for scholarships for both undergraduate and graduate students. The reason average debt is down at Stern, he says, is increased funding for scholarships and a new program that forgives loans if a graduate pursues a career in the social sector."

Excerpt from CNBC -- "We started the idea for SunCulture through New York University's Business Plan Competition about two years ago... I studied mechanical engineering. I was working in renewable energy. We were doing large-scale commercial solar power installations and Samir came on board as a finance guy coming from Stern. So we put those two backgrounds together and made this idea happen."

Excerpt from MarketWatch -- "Studies show that consumers have a blind spot when it comes to hidden fees, says Vicki Morwitz, a professor of marketing at the Stern School of Business at New York University. 'When firms separate surcharges from the base price, research shows that consumers do not fully notice them or integrate them into their estimates of total costs,' she says. 'In the short run, I am not surprised that [StubHub’s new pricing] affected sales, since we know that price perceptions influence sales.'”

In a discussion hosted by NYU Stern’s Leadership Development Initiative, Dr. David Rock, Co-founder and Director of the NeuroLeadership Institute, spoke to MBA students on March 27 about key neuroscience research findings that have implications for improving leadership best practices.

Excerpt from BNN -- "The amount of contracts outstanding linked to interest rates like Libor and Euribor et cetera, those are in the region of 600 to 700 trillion dollars, so the sheer size of these markets has increased tremendously, and that increases the potential for profit if one is able to manipulate one or other of these rates or prices. On the other hand, the technology for detection of manipulation has also improved... so we are able to trace things that probably we were not able to even a few years ago. So these two factors are at work, but my own feeling is, given the stakes that are at work here, the incentive to manipulate has been substantial and a few unscrupulous people have been able to derive substantial profits and, of course, a few are being caught today."

Excerpt from Bloomberg TV -- "Back to this whole idea that innovation changes radically when companies go public: This is how innovation happens for publicly traded companies. They go in and they make these deals, they make these acquisitions, they invest in things to kind of grow the portfolio as opposed to deepening what they are already in."

Excerpt from Bloomberg TV -- "First of all, you have a bunch of countries that are fragile independent of the Fed, like Argentina and Venezuela and the domestic political and economic dynamic of it is going to matter more than what the Fed does... Secondly, I would say that within Latin America, there are some countries that are actually much more sensitive to the China risk rather than the Fed risk. Take, for example, Peru or Chile... For them, Fed normalization is not going to be a big shock."

Excerpt from Reuters -- "...it's back to what the firm has done well for a long time, which is the Office suite. But it's kind of saying we're going to favor one of the children of the company as opposed to the other, as opposed to trying to keep them together as they've been doing for the last 20-something years."