Experience Stern | News

Excerpt from NBR -- "Certainly when investors are lacking confidence in a CEO and that CEO leaves, there's going to be a bump in the stock price. When we think about what some of the major reasons why you would see a big bump like Microsoft, there's often the sense that there's a big amount of value in the organization, whether it be cash or cash flows from things like Windows and the Office suite and there's a concern that the CEO is going to waste that money, going to spend it frivolously trying to chase down some new opportunity and so when that cash and that treasure is kind of protected, the investor is certainly going to react very positively to that kind of a change."

Excerpt from Crain's New York Business -- "'There's a whole government structure that has evolved to handle this analog way of sharing,' said Arun Sundararajan, a professor at New York University's Stern School of Business who has written on the peer-to-peer economy. 'The complexity of the city is greater. But the need and demand [for sharing services] is also greater, and whether we'll lead the way or it will take longer [to adapt] depends on which of these forces dominate.'"

Excerpt from CNC World -- "The dropout rate, the switching rate of people from BlackBerry to Apple and Android is very high and as early adopters of BlackBerry start ditching those phones for the smarter ones, they are going to lose their install base very quickly. They already lost a lot. At some point when the install base comes down to single digits, that’s as good as bankrupt."

Excerpt from Barron's -- "With the outbreak of World War I at the end of July 1914, Treasury Secretary William G. McAdoo ordered the New York Stock Exchange closed in order to prevent massive liquidation of U.S. stocks by British investors seeking to raise cash. (At the time, the Treasury Secretary was the de facto central banker; although legislation to create the Federal Reserve had been passed the previous year, it was not yet up and running.) The U.S. then was operating under the gold standard, so the proceeds of sales of American assets could be readily converted to gold, which could flee the country. (This account comes from When Washington Shut Down Wall Street, a 2006 book by William L. Silber, an economics professor at New York University and—full disclosure—a professor of mine in grad school.)"

Excerpt from Bloomberg -- "Other economists, including Mohamed El-Erian, chief executive officer of Pimco, Kenneth Rogoff of Harvard University and Nobel laureate Michael Spence, aren’t as pessimistic. 'The American economy still has great strengths in terms of innovation,' said Spence, a professor at New York University’s Stern School of Business. 'It’s very flexible and adjusts relatively quickly.'”

Excerpt from Jamaica Observer -- "The [Jamaican] Government, we submit, would be wise to heed the advice of world-famous Jamaican economist Professor Peter Blair Henry, dean of the Stern School of Business at New York University. Professor Henry in his new book Turnaround: Third World Lessons for First World Growth (2013) states: 'Although there is not one single path to prosperity, one thing leaps out of the evidence -- discipline.'"

Excerpt from AP TV -- "I think the lesson of these recent trading problems...is that everybody who's using them has to check on the software and the people have to be highly trained who are pressing the buttons to execute the trades or the algorithms they build in the trading strategies. So a lot more work has to go into making sure those things don't have errors in them. I don't think the problem can go away entirely, but I think some of it is avoidable and it will cost them a little money, but they need to spend that money because the whole market system is involved in this and if people lose confidence in the markets, then these very important markets won't function as well as they should and our economy will be the worse for it."

“‘An Education in Possible’ isn’t just a tagline; it’s an experience,” Larry Arbuthnott, a student in the second year of the MBA/MPA dual degree program, explained to incoming MBA students at the 2013 LAUNCH, the incoming full-time MBA students’ introduction to the NYU Stern MBA experience.

Excerpt from The Wall Street Journal -- "While some traders and economists shrug their shoulders and write off recent problems—such as this week's options trading snafu or the 2010 'flash crash'—as the price of progress, others say the problems are becoming so widespread that exchanges and big firms need to be held to a higher standard. 'It shows that corners are being cut and not enough is being spent on testing these systems,' said financial historian Richard Sylla of New York University's Stern School of Business."

NYU Stern’s Citi Leadership & Ethics Program, sponsored by the Citi Foundation, has appointed Ellen Seidman, former director of the US Treasury Department’s Office of Thrift Supervision, as its 2013-2014 Citi Leadership & Ethics Distinguished Fellow.