Experience Stern | News & Events

Excerpt from Business Insider -- "'I am heartbroken by what happened to George Floyd,' Matthew Meade, 36, a vice president who works in risk management at the bank, wrote to his team in an email viewed by Business Insider. 'When I think of George, it is no longer a matter of if what happened was wrong or right,' Meade added. 'It's not about black versus white, it's about America versus racism.' Meade, who is currently pursuing an executive MBA at the NYU Stern School of Business, has spent nearly 10 years working at JPMorgan. In recent years, he's taken on a number of roles, at work and in his personal life, to improve the experiences of other young people of color. Later this month, he'll unpack some of those topics in 'Wisdom On the Way to Wall Street: 22 Steps to Navigate Your Road to Success,' his forthcoming book, which Meade will self-publish on August 22."

Excerpt from The Wall Street Journal -- "David Yermack, a New York University finance professor who has studied stock gifts, said he wasn’t familiar with the Karfunkels’ donation, but 'in general there’s a lot of circumstantial evidence that people backdate charitable gifts to local maximums in the stock price, when they could get the maximum charitable deduction.' He said the chances of such favorable timing are greater when the donor has ties to both sides of the transaction—as did Mr. Karfunkel with the congregation."

Excerpt from Pittsburgh Quarterly -- "'Right now, everyone wants to know what the ‘new normal’ will look like. I don’t have a satisfying answer for that question,' said Amy Webb, a futurist consultant and professor of strategic foresight at the NYU Stern School of Business. 'The new normal, at least for a long while, will be continued disruption.'"

Excerpt from Financial Times -- "There is another reason US workers have been prevented from negotiating higher wages. Between 1997 and 2012, 75 per cent of industries became more concentrated. As economist Thomas Philippon argues in his book 'The Great Reversal,' this is driven by a lack of competition. As superstar companies rise to the top and squash potential rivals, they become less inclined to raise wages because competition for workers is limited. Beefing up antitrust policy would help reverse this trend."

Excerpt from El Pais -- "Before the pandemic exploded, trade and capital flows fluctuated below where they were before the 2008 financial crisis. 'With regard to exports of services, although in recent years they have been increasing notably from hand in hand with the processes of productive transnationalization, a significant reduction in these flows is expected due to the impact on the world tourism sector,' says Steven Altman, principal investigator and executive director of the Center for the Globalization of Education and Administration NYU Stern School of Business. Globalization has entered a new era."

Excerpt from The Economist -- "Done well, pre-docs enrich both economists and economics. They help produce good research and open up the profession. Peter Henry of New York University started his programme in 2014 to increase the representation of minorities. Camille Gardner, one of his pre-docs, says the experience has persuaded her to pursue a phd, and taught her skills important for graduate study, such as how to write a good paper. She thinks of Mr Henry as her mentor, 'not just my boss"'.

Excerpt from Business Insider -- "'There will be a better time to enter these stocks, but if you're an active investor picking stocks, I don't see how you can have a portfolio without at least one of these stocks, perhaps more, in your portfolio. It seems very difficult to build a portfolio that can beat or even meet the market without these stocks,' said Damodaran."

Excerpt from Bloomberg -- "'You just have to be mindful and purposeful, and to cultivate the habit of leaving your phone as far away from where you are as possible,' Alter wrote in an email. 'Most of us can reach our phones without moving our feet for most of the day, so the key is to thoughtfully introduce distance between us and our phones.'"

Excerpt from Bloomberg -- "Arun Sundararajan, a business professor at New York University's Stern School of Business, expects dine-in demand to keep growing even after the Covid-19 pandemic and Uber Technologies Inc. and DoorDash Inc. are poised to benefit."

Excerpt from Business Insider -- "Former RBI Deputy Governor Viral Acharya believes that the the apex bank should ‘respect’ its core mandate and get choice because of the relationship inflation shares with the repo rate."

Excerpt from Marketplace -- "The pandemic has created a lot of uncertainty, 'and since accounting involves a lot of estimates about the future, it makes the accounting numbers much less reliable,' said Eli Bartov, an accounting professor at New York University’s Stern School of Business. The pandemic could also tempt some companies to cross the line. They might use accounting tricks to smooth out revenue so it looks steady from quarter to quarter. Or include other metrics in their financial statements that say, well, if it weren’t for COVID-19, here’s what our numbers would have looked like."

Excerpt from Financial Advisor IQ -- "The fee transparency obligations imposed by the Department of Labor’s previous fiduciary rule on brokers that handled retirement accounts dimmed the popularity of variable annuity products, but also improved investment outcomes. That’s according to a 62-page report, “Conflicting Interests and the Effect of Fiduciary Duty — Evidence from Variable Annuities.” The report, published in July, was written by Mark Egan, an assistant professor of finance at the Harvard Business School; Shan Ge, an assistant professor of finance at New York University; and Johnny Tang, a doctoral student in economics at Harvard University. The report was published by the National Bureau of Economic Research."

Excerpt from Food Business News -- "More than half of consumers said they are buying more or as much organic products as they did prior to COVID-19, and 7 in 10 said they are buying more or as much eco-friendly products. 'This shows that sustainability-marketed products are growing, but what was really stunning is that 16% delivered 55% of market growth between 2015 and 2019,' said Tensie Whelan, founding director and professor at the NYU Stern Center for Sustainable Business."

NYU Stern welcomes new faculty for the 2020-2021 academic year.

Excerpt from NY Mag -- "One company that came up repeatedly during the show was TikTok. Swisher and Galloway spoke with Vanessa Pappas, TikTok’s general manager, about the Chinese company’s tumultuous week, during which President Trump threatened to ban it, then endorsed Microsoft snapping it up — and the intense scrutiny the company now receiving from all sides."

Excerpt from Bloomberg -- "More than 30 American companies with liabilities exceeding $1 billion have already filed for Chapter 11 since the start of January, and that number is likely to top 60 by year-end after businesses piled on debt during the pandemic, according to Edward Altman, creator of the Z-score and professor emeritus at NYU’s Stern School of Business. Companies globally have sold a record $2.1 trillion of bonds this year, with nearly half coming from U.S. issuers, data compiled by Bloomberg show."

Excerpt from Biz Ed -- "Undergraduates at the New York University’s Stern School of Business now have the option to pursue a new degree program in technology and entrepreneurship. The four-year, STEM-certified bachelor of science in business, technology, and entrepreneurship will enroll its first class of 30 to 50 undergraduates in August 2021. The program, which students will complete as a cohort, consists of a four-part curriculum: an immersive experiential course that integrates entrepreneurship and technology, foundational courses in computer science and data analytics, courses in entrepreneurship that include experiences inside and outside the classroom, and a capstone course in which students will develop their own ventures or work on projects for early-stage startups."

Excerpt from The Wall Street Journal -- "What has aided Microsoft’s relative success in China has been its concentration under Mr. Nadella on selling to business customers rather than trying to tap consumers. 'Because Microsoft has been focused on the enterprise, it’s been a lot easier for them to operate in China,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'The conflict of interest between Microsoft products and what the Chinese government is interested in controlling are minimal.'"

Excerpt from Yahoo Finance -- “'Apple is probably the least obvious for antitrust [violations], because the primary asset of Apple, one could argue, is its brand, and then it becomes a question of which company has domain over the brand,' says NYU marketing professor Scott Galloway, author of the 2017 book 'The Four,' about Amazon, Apple, Facebook, and Google.'"

Excerpt from CoronaNomics -- "In episode 14 of CoronaNomics, former governor of the Bank of England Lord Mervyn King joins Ben Chu and Lizzy Burden to discuss decision-making and economic planning in a time of radical uncertainty."

NYU Stern faculty are available to offer perspectives on this year’s back-to-school shopping, retail and consumer trends - including how this landscape is shifting due to Covid-19. The following professors can speak to what we will see this year around promotional and marketing trends, winners and losers in online and offline retail, shifts in consumer sentiment and how brands are leveraging technology in response to the coronavirus.

Excerpt from CNBCTV18 -- "Self-awareness during a crisis – Prof Damodaran has been teaching for four decades and his experience across multiple crises is that three things happen to most market participants - you lose perspective, you lose faith in fundamentals, you start reaching out to experts outsourcing your thinking. He said it’s important to get out of 'that morass' as an important first step."

Excerpt from BusinessBecause -- "Professor Nicholas Economides, of NYU Stern, says the Apple CEO's apparent lack of awareness over anti-competitive practices was hard to believe, and likely nothing but a PR stunt. Tough questions were levelled at Sundar Pichai for Google’s ad marketplace, where the company essentially acts as operator of the market, as well as the buyer and the seller, which Professor Vasant Dhar, also of NYU Stern, says risks stifling access and innovation in the digital economy. Professor Lawrence White, of NYU Stern, predicts that the Department of Justice will likely bring a case against Google for unduly favouring its own services in its advertising and search results."
 

Excerpt from Poets & Quants -- "New York University’s Stern School of Business today (July 31) announced the launch of a new STEM (Science, Technology, Engineering, and Math) four-year undergraduate business degree. The Business, Technology, and Entrepreneurship (BTE) program will enroll its first class of 30 to 50 undergrads in August 2021. That number will be closer to 30 in the first year, according to Robert Whitelaw, vice dean of the Undergraduate College at Stern, with the capacity to reach 60 students per cohort moving forward."

Excerpt from Yahoo Finance -- "Scott Galloway, Professor of Marketing at NYU Stern School of Business joins the On the Move panel to discuss the recent tech hearings as well as earnings results from those tech industry giants."