Experience Stern | News

Excerpt from MSN -- "In 'The Talent Equation,' a new book by Matt Ferguson (CEO of CareerBuilder), Lorin Hitt (Wharton School, University of Pennsylvania) and Prasanna Tambe (Stern School, New York University), issues such as the labor market's skills gap challenge are explored, as well as how big data has the potential to transform human resources."

In a course co-taught by CNBC’s Maria Bartiromo, Lauren Zalaznick, Executive VP of NBC Universal, candidly shared her professional story with Stern students.

Excerpt from Associated Press -- "Aswath Damodaran, a professor of finance at New York University, says the trend is a global one. Many Indian companies have fared well even as India’s economy has slowed. The French luxury goods company LVMH did only a tenth of its sales in France in 2013. 'It used to be that US companies lived off the US economy and French stocks lived off the French economy,' Damodaran said. 'Now, stock markets are more reflections of the global economy.'"

Excerpt from CCTV -- "I think we are at the point in which the Greek budget has been balanced and in fact there is a surplus, so... a primary surplus if you exclude interest, so Greece is in pretty good shape financially at this point. In fact, it doesn't need any money right now from the European Union and this negotiation that is happening right now is unique because it's the first time in years that Greece doesn't need the money right away. So what Greece needs is to do more reforms: open closed professions, allow for more competition in labor markets, allow for things that should have happened even if Greece had not borrowed too much. So the structural reform should be the first priority of the government and not cutting expenditures."

Excerpt from BBC -- "There are two ways to think about valuation. One is to think about what you're buying, which is a set of cash flows with a lot of risk and growth associated with them, and try to value it, which is the way people have always valued businesses. The other is to price it, which is to look at what other people are paying for something a little bit like what you're buying. Think of buying a house...the realtor tells you it's worth $1 million or $2 million. The way he or she is coming up with that number is by looking at other houses in the neighborhood and what they sold for. So the first thing you have to think about when you think about valuing something like this: are you going to price it or are you going to value it?"

Excerpt from Forbes -- "I believe T-Mobile represents a significant upside opportunity with a solid margin of safety, primarily as a result of 1. Continued industry consolidation/oligopoly pricing power/improving financial metrics post-MetroPCS deal, 2. German Government (Deutsche Telekom) vested interest in supporting their US subsidiary, 3. Expanding mobile (especially data) use/user demand 4. Increased economies of scale & scope/better operating efficiency as MetroPCS is integrated."

Excerpt from MIT Technology Review -- "Research shows that people weigh these disadvantages [of online shopping] against the benefits of buying online. Along with colleagues Chris Forman and Anindya Ghose, I examined what happened to Amazon’s book sales at 1,497 U.S. locations when a Walmart or Barnes & Noble opened nearby. We found that customers who lived near the newly opened stores bought many fewer best-sellers from Amazon."

Excerpt from WIRED Italy -- (Translated from Italian using Google Translate) "It's a process that starts with what I call disruptive hypothesis. Taking a question that nobody gets in your industry. Innovation is asking the right questions. If you ask an obvious question, you will have an obvious answer. Usually companies seek opportunities and only then formulate hypotheses about how to reach them... They need to reverse the process and start with a hypothesis that is unpredictable and then find the unexpected benefits that can bring. We must not think of solutions as predictable, but rather of unreasonable provocations."

NYU Stern Undergraduate College and DoSomething.org, one of the largest organizations for young people and social change in the US, are combining efforts on the “Give a Spit” Challenge to register 5,000 plus potential donors with the national bone marrow registry. Their goal is to find a bone marrow match for Sheldon Mba, a college student who was diagnosed with aplastic anemia, a disease that requires a life-saving bone marrow match.

Excerpt from BBC -- "The first step is to 'change all the circumstances that can be changed,' said Aline Wolff, clinical associate professor of management communication at New York University’s Stern School of Business. Begin with small things, such as switching up the venue, shortening the length of time, bringing food and focusing more on the purpose of the meeting. For instance, switching from the board room to someone’s office might be enough to change the dynamic of an anaemic gathering."