Experience Stern | News & Events

On Friday, October 14, the Luxury & Retail Club will hold its tenth annual conference, themed "Expanding Horizons: Navigating New Channels and Thinking in Retail."

Excerpt from CCTV -- "Something doesn't work, and doesn't work catastrophically, as in this case, people will lose confidence to some extent on the brand of Samsung, even though the other Samsung phones are not affected at all by this problem."

Excerpt from CoinDesk -- "Overall, Yermack, who teaches a cryptocurrency course at NYU’s Stern School of Business, offered a much broader vision for the use of blockchain in finance than what the industry is considering, as well as more critical takes on how incumbents are exploring the tech."

Excerpt from CNNMoney -- "'The effect on morale has got to be debilitating,' said Irv Schenkler, a professor at NYU Stern School of Business."

Excerpt from CNBC -- "'Twitter is a poster child for a company in need of adult supervision and I don't believe that [CEO] Jack Dorsey can run one company effectively, let alone two,' said Aswath Damodaran, finance professor at New York University Stern School of Business. Botching up their sale prospects, he says, is further evidence of Dorsey's inefficiencies as a leader."

Excerpt from Moneyweb -- "A monthly analysis by Engle and the Volatility Institute at New York University’s Stern School of Business ranks the systemic risk contribution (SRISK%) of a number of South African banks and financial services companies higher than the riskiest European banks."

Excerpt from ABC News -- "Ghose said that to restore trust with consumers, the company would have to recall all of the defective phones (a process it has started), pinpoint the cause of the problem, fully reimburse consumers and convince its business partners 'to give it another shot with the next set of product releases.'"

NYU Stern’s Business & Society Program welcomed Seema Saifee, staff attorney for the Innocence Project, and Darryl Howard, who was recently exonerated after serving 24 years for a wrongful murder conviction, to speak to an audience of undergraduate Stern students.

Excerpt from Reuters -- "'One of the risks for Bangladesh right now is that between the July terror attack, the legacy of Rana Plaza and now this (Tampaco fire), it begins to look like a non-desirable place to do business,' said Sarah Labowitz, co-head of NYU Stern's Center for Business and Human Rights. 'The government and industry really need to step up and respond.'"

Excerpt from mbaMission -- "Students with whom mbaMission spoke reported being consistently impressed by his capacity to make the complex simple in the classroom, stating that Brandenburger is able to take the 'complicated, theoretical and intangible' world of game theory and make it 'easy to understand and practical.'"

Excerpt from Ticker Magazine -- "The Knowledge Effect is grounded in academic literature. It was first discovered in a series of studies in the 1990s, when NYU’s Baruch Lev analyzed 20 years of financial data and discovered an association between a firm’s level of knowledge capital and its subsequent stock performance."

Excerpt from The Washington Post -- "Scott Galloway, a professor at New York University’s Stern School of Business, said Mayer probably relied on her legal counsel to vet the document rather than reviewing it herself. 'However, CEOs are ultimately accountable for what’s in the proxy,' he said, 'if it comes out that their lack of transparency was a function of them not wanting to hamstring the Verizon deal, then they've held material information back from an acquirer.'"

Excerpt from Sky News -- "During the referendum campaign, someone said the real danger of Brexit is you'll end up with higher interest rates, lower house prices and a lower exchange rate, and I thought: dream on. Because that's what we've been trying to achieve for the past three years and now we have a chance of getting it."

Excerpt from The New York Times -- "Internet service providers 'are trying to go after those folks who are willing to pay less, but not to appeal to those willing to pay more,' said Robert Seamans, an associate professor at New York University’s Stern School of Business and a former economist at the Obama White House."

Excerpt from The Wall Street Journal -- "Their research suggests CEO performance incentives should be set relative to performance of managers in similar industries, so as not to reward them for events beyond their control that affect all industries. 'That we do not see [this] more in practice is often a failure of governance,' Mr. Philippon said in an interview."

Excerpt from The Wall Street Journal -- "Mr. Altman, in the report, said the results show earnings growth is slowing across all sectors when compared to last year. 'While the companies in the middle market are profitable, this is the first quarter since we began tracking this data in 2012 that ebitda was essentially flat on a year-over-year basis,' he said."

Excerpt from Clear Admit -- "In our recent chat with Gallogly, '...I have always seen it as more of a calling than a career,' he says. 'You never know how the numbers are going to pan out, but more than that, you just know how important it is to everyone applying,' he adds. 'It is a life-changing experience, applying is a really tough process, and we have an important responsibility to make the best decisions we can for everyone.'"

Excerpt from The New Yorker -- "'If I was going to compete with Google, I would compete on privacy,' Arun Sundararajan, a professor at NYU’s business school and the author of the book 'The Sharing Economy,' says. 'I can’t compete with them on search-engine quality, because they’ve got all the best algorithms. So I compete on something that they can’t respond to easily. With Uber, it’s not quite as clear-cut, but if you look at all the different dimensions of their execution the driver relationship is the weakest, and it’s not one that they can easily correct.'"
 

This course is suitable for leaders of organizations and business professionals who wish to enhance their strategic thinking abilities and gain competitive advantage in dynamic environments.

Excerpt from Bloomberg -- "'The risk is not that the U.K. has a recession of two-three quarters; the risk is that the U.K. will stagnate at 1 percent growth for the next five years,' Roubini said."

Excerpt from Crain's New York -- "The question of when to talk openly about performance is a complicated one for private companies. Those that disclose might seem more transparent than those that don't, but they also could be engaged in a subtle battle of wits, according to Joshua Ronen, a professor of accounting at NYU's Stern School of Business. 'If I provide my revenue and a competitor doesn't, I'm signaling that I'm better,' he said."

Excerpt from PolitiFact -- "At most, Trump might be able to argue that he has some fiduciary obligations to his employees, suggested Lawrence White, a professor at New York University’s Stern School of Business. That would be arguable 'to the extent that any bankruptcy -- which might have arisen if he had not availed himself of these loss carry-forward/carry-back opportunities -- would have converted them into unsecured claimants for any delayed wages or other benefits,' White said."

Excerpt from BBC -- "I, too, worry about currency manipulation. I worry about chronic imbalances that are going to have to be unwound and I do worry about the international transmission of shocks. The question is whether, if we see certain things that we don't like about the architecture of the global system, do we take steps that basically risk pulling the whole house down?"

Excerpt from Vogue -- "In a 2010 study of Michelle’s economic impact on the fashion industry, David Yermack, of the Stern School of Business at New York University, found that the average value to a company following an appearance of an item worn by the First Lady was $14 million."

Excerpt from The Economist -- "According to number-crunching by Adam Looney of the Treasury Department and Constantine Yannelis of New York University, non-traditional students made up more than half of all new borrowers from the federal government between 2004 and 2014. They accounted for fully 70% of those who defaulted within two years of starting repayments in 2011."