Experience Stern | News & Events

On Friday, February 24, the Latin American Business Associations (LABA) of NYU Stern and Columbia Business School – along with the Young Professionals of the Americas (YPA), an initiative of the Americas Society/Council of the Americas – will host their second annual joint conference.

Excerpt from Antara News -- "The Nobel Prize winner in Economics in 2003, Professor Robert Fry Engle III, has received an honorary doctorate degree from the Rector of University of Airlangga (Unair), Surabaya, Professor M Nasih, before delivering a guest lecture at the university on Monday."

Excerpt from The Guardian -- "Tensie Whelan, former CEO of the Rainforest Alliance, says: 'The Nespresso AAA Program is one of the most rigorous and comprehensive programs in the coffee industry.'"

Excerpt from Fast Company -- "'We have not seen a health company that has defined what a platform model looks like for the delivery of health care services nor the acquisition of talent,' says Arun Sundararajan, professor of information, operations, and management sciences at New York University and author of 'The Sharing Economy.' 'Wego is putting its stake in the ground with the latter.'"

Excerpt from Metro MBA -- "Should you earn your MBA or your JD? Each has its pros and cons and can set you up in different ways, so which is better? Instead of choosing, why not get both? That’s exactly what you can do at the NYU Stern School of Business through the school’s dual degree programs."

Excerpt from Bloomberg Quint -- "Toward the end of 2016, Snap (formerly known as Snapchat) became the latest social media company to enter the public market. With 161 million engaged users but little in terms of current revenues and big operating losses, Snap fits the bill as a company with lots of potential but plenty of peril. In this post, I tell my story for Snap and the value that emerges from it. It is, for the most part, an optimistic story of a young company that has found a niche in the crowded social media space. In my story, Snap will not and should not try to be the next Facebook but I also see it as avoiding becoming Twitter Redux."

Excerpt from the Financial Times -- "Conscious capitalism still sees the firm as the basic economic unit. New York University business professor Arun Sundararajan, by contrast, focuses on the crowd. Crowd-based capitalism, which he outlines in The Sharing Economy, is the 21st-century version of village life, in which people engage in commercial transactions with peers, bolstered by trust generated by intertwined social networks. Digital platforms expand the village to encompass cities; blockchain technologies create trust at scale; individuals support themselves as small-scale entrepreneurs, like craftspeople and merchants of old."

Excerpt from The Guardian -- "Today’s economic model mirrors the banking model. Bankers view loans as opportunities to earn fees for originating, securitising, trading, settling and clearing. They have shifted the risk of holding the loan to others. They boast that accelerating the speed through which securities circulate reduces costs to consumers and is a measure of their immense contribution to the economy which, they argue, must be preserved post-Brexit, at all costs. But when Thomas Philippon added up the fees paid by the non-financial sector to the financial sector, he found that at 2.0% of finance raised, costs had in recent decades returned to where they were in 1880."

Excerpt from The New York Times -- "'We are in a trust spiral,' said Jonathan Haidt, a social psychologist at New York University. 'My fear is that we have reached escape velocity where the actions of each side can produce such strong reactions on the other that things will continue to escalate.'"

Excerpt from Poets & Quants -- "New York University’s Stern School of Business uses a curve, and it’s meant to ensure fairness and clarity of grading, says Rohit Deo, acting dean. The curve creates an environment that challenges students intellectually, Deo says — but it must meet Stern’s academic standards."

Excerpt from Luxury Daily -- "'As the brand pushes forward, it is prudent to prepare the consumers for what is coming,' said Thomaï Serdari, Ph.D., founder of PIQLuxury, co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York."

Using Wikipedia as a case study, NYU Stern Professor Hila Lifshitz-Assaf and co-authors demonstrate how open-innovation organizations organically develop work flows that ensure stable production, despite the lack of pre-defined procedures, established rules or roles. 

On February 16, Professor Kim Schoenholtz moderated a panel discussion entitled, “China: Risks in the Financial System.” Opening the conversation, Professor Jennifer Carpenter presented key points from her recent research, co-authored with Professor Robert Whitelaw, outlining the rapid growth of corporate debt in China and the central role banks play in China’s financial system, as well as mechanisms to improve the allocation of risks (such as the stock market). 

Excerpt from Bloomberg View -- "Baumol’s cost disease is a name for the tendency of costs to rise in slow-growth sectors as fast-growth sectors become more productive. As we learn better ways to make things like iPhones and TVs, the economy becomes wealthier. So we’re willing to pay more for services like back massages, string orchestras and university lectures. But because those services require the same amounts of labor as they did before, their costs rise as rich people pay the same workers more and more for the same old service."

Excerpt from the Miami Herald -- "Then came the gorgeous gift book 'Hamilton: The Illustrated Biography' by Richard Sylla."

Excerpt from Poets & Quants -- "In 2013, New York University’s Stern School of Business unveiled a master’s degree in business analytics, and in that time schools from Indiana University’s Kelley School of Business to the University of Chicago’s Booth School of Business to business schools at Michigan State, Arizona State University, and the University of Rochester have revamped or announced graduate degrees, undergraduate minors, or MBA emphases in big data. Now, data science is rapidly becoming one of the most popular business majors at universities that offer the degree."

Excerpt from Clear Admit -- "The record fundraising efforts Henry led also helped to almost triple the number of experiential projects Stern students can take part in, propelled a first-of-its-kind FinTech MBA specialization, established the unique Urbanization Project directed by Stern Professor Paul Romer, and paved the way for new centers like the Center for Business and Human Rights and the Center for Sustainable Business, also both firsts for a leading business school. Henry has also worked to both widen and deepen the school’s relationships with tech companies, venture capital firms and fashion and luxury brands."

Excerpt from The New York Times -- "'It may well be the mayor will be riding a wave rather than generating a wave,' Lawrence J. White, a professor at New York University’s Stern School of Business. 'Doing things around the edges to help probably helps, but it’s going to be hard at the end of the day to know, did it really make a difference?'"

Over the last month, NYU Stern Professor Tensie Whelan made a pair of speaking stops to discuss sustainability in business. 

Excerpt from Crain's New York Business -- "'It’s episodic, nomadic,' said C. Samuel Craig, director of the entertainment, media and technology initiative at NYU’s Stern School of Business. 'You come together to make the film and then disappear and then reconfigure to make a different show or a TV commercial or a movie.'"

Excerpt from the Economic Times -- "An aspect 'we are focussed a ton on is we say we want to empower the world, everyone and every organisation. That means we have got to look like everyone and every organisation in the world,' Mr Nadella said during an interaction with students and faculty at New York University's Tandon School of Engineering and the Stern School of Business earlier this week."

Excerpt from Fox 5 NY -- "Well, I think we're in the midst of a pretty dramatic shift in how we learn our living. We're moving away from salaried jobs, jobs that pay us wages, and towards micro-ownership of different kinds, running your own business, driving an Uber."

Excerpt from International Business Times -- "So as a consumer, right now, you're used to seeing everything at once and making your choice. You have all the freedom in the world. All the choice in the world. If we kill network neutrality, that freedom goes away. It's up to the telephone and cable companies to give us whatever they want first, and whatever they don't want, last."

Excerpt from WalletHub -- "Credit card issuers that offer many different varieties of credit cards - such as Capital One - are most likely to offer second chance cards. Also, there are some companies - e.g., Green Dot - that appear to focus more on secured (prepaid) cards, which make sense as second chance products."