Experience Stern | News & Events

Excerpt from Financial Times-- "Roy Smith, a former partner and now a professor at New York University, says the fraud at 1Malaysia Development Berhad, or 1MDB, ranks among the biggest crises the bank has faced. 'It could conceivably have a much larger price tag on it [than other scandals] because these things escalate over time,' he says."

Excerpt from AFP -- "'If you look at the scandals, at Wells Fargo, at Volkswagen, underneath they were trying to make their quarterly numbers in unrealistic ways and they were being pressured to do so by analyst expectations,' Whelan said."

Excerpt from ACM -- "'Organizations using these methods walk a fine line,' says Tom Meyvis, a professor of marketing at the Stern School of Business, New York University. 'You can wind up with customers that, at one end of the spectrum, are angry about being mistreated, and others, at the other end of the spectrum, feel a deep sense of entitlement and are easily disappointed.'"

Excerpt from Money Inc. -- "'Many companies, like Uber and Lyft, are creating a new category in which investors have become more interested in revenues than profits,' Adamson said. 'There’s little consideration of the staying power of such companies. Instead, they care mostly about the first customers, who may be early adopters, and less so about where the next customers will come from.'"

Excerpt from Brookings Institute blog -- "Using U.S. Census data from 1990 to 2008, Tania Babina of Columbia Business School and Sabrina Howell of NYU Stern School of Business find that a doubling of a firm’s research and development spending increases the number of employees who leave to become entrepreneurs by 8.4 percent. One reason employees form start-ups rather than remaining with the parent firm is that risky ventures are often more successful when they are run as separate entities, which benefit from being highly focused and externally financed."

Excerpt from College Magazine -- "NYU’s Stern School of Business offers over 40 courses to marketing students. That course catalog reflects new marketing trends with classes like Search and the New Economy. And with specialized courses like Luxury Marketing, Leisure Marketing and The Business of Video Games, students can pursue careers in any industry."

Excerpt from Poets & Quants -- "In 2016, Poets&Quants counted 143 new profs — from full professors to guest lecturers — at the top 20 schools. Last year, that number ballooned to 198 at 24 schools. And in 2018, looking at the top 27 schools — including P&Q’s top 25 — there are 277. Among them are 168 whose full-time teaching jobs this fall are the first in their career."

Excerpt from Medium -- "This NYU Stern team presented creative solutions and detailed steps for implementing them, including new social media page concepts with sample content and modifications to the Salesforce website to help facilitate the customer journey. They also suggested new interactive demos that more clearly articulate the value of Salesforce’s retail execution solution."
 

Excerpt from Red Hat Command Line Podcast -- "One of the things that attracted me about NASA was that they were the bravest in the sense that they really took strategic research and development (R&D) challenges, that their scientists and engineers and top brains were working at the same time and opened them to the crowd. And I have to say that still today, many other organizations, when they do open source science or crowdsourcing, they do not take their core strategic challenges. They take something that is on the side, that doesn't risk their organization too much, whether it succeeds or fails, and NASA did something that really changed things, once it succeeded."

Excerpt from Wealth Professional -- "'[P]eople don’t make rational decisions at a time when it comes to money,' said Haran Segram, a clinical assistant professor of finance at New York University. 'I tell my students, it’s a patience game.'"

Excerpt from the The New York Times -- "'As those spreads are widening, definitely there is going to be a reluctance to invest, especially in risky ventures,' said Marti Subrahmanyam, a professor of finance at New York University’s Stern School of Business."

Excerpt from The Wall Street Journal -- "'Children do not become strong if they are protected from setbacks, teasing, exclusion and conflicts,' said Jonathan Haidt, a professor of ethical leadership at New York University’s Stern School of Business and co-author of 'The Coddling of the American Mind: How Good Intentions and Bad Ideas Are Setting Up a Generation for Failure.'"

Excerpt from the Associated Press -- "Lawrence White, an economics professor at New York University’s Stern School, said he expects the Fed to remain mindful of the mistakes of the 1970s, when officials allowed inflation to erupt, requiring sharply higher interest rates and a painful recession to root out. 'We have not had such low unemployment in almost 50 years,' White said. 'The Fed has to be cautious.'"

Excerpt from Bloomberg-- "We haven't yet seen the full application of technologies that have been invented. Take cryptography--there are ways to secure all of our communications and keep secret things we want to keep secret, but they're not being used. People...need to focus on this problem of diffusion--how do you make sure something gets widely used?"

Excerpt from PolitiFact -- "The consensus among economists, White said, is that 'tariffs, like any tax, generally introduce an inefficiency and makes the two sides of the trading relationship poorer — not richer.'"

Excerpt from the CFA Institute blog -- "Finance is inherently vulnerable to failure, Geithner said, and the financial crisis was caused by a cascading series of failures: failures of supervision and regulation and the failure to adapt. The ensuing panic demonstrated that our system had outgrown its Great Depression-era safeguards."

Excerpt from Capitol Forum -- "Eric Greenleaf, a professor of marketing at New York University who has taught masters and doctoral level courses in pricing strategy and theory, told The Capitol Forum by email, 'Unless FleetCor customers are told what the ‘Universal’ price is at any given time, they will not know how much they are paying, nor how the price compares to the publicly available price.'"

Excerpt from BusinessWorld -- "The demand for managers capable of dealing with the emerging challenges and opportunities of globalization will continue to be on the rise. In a survey of senior executives, reported in a 2012 McKinsey article on ‘Developing Global Leaders’, by Pankaj Ghemawat, 76 percent believed their organizations needed to develop global-leadership capabilities, but only 7 percent thought they were currently doing so effectively."

Excerpt from Economic Times -- "The aggregators provide a valuable service and cannot be written off so easily, says Anindya Ghose, Heinz Riehl Chair Professor of Business at New York University’s Leonard N Stern School of Business. There might be issues but these intermediaries have a significant brand recall and brand affinity. 'At the end of the day, most of the aggregator apps have a heavier hand and have the ability to dictate terms, at least to the institutions in the mid and low end of the spectrum.'"

Excerpt from BBC Capital -- "Although it’s good to be mindful of seasonality, you should pay closer attention to concrete evidence, like growth potential for a company and how profitable it’s been over the last year, says Haran Segram, a clinical assistant professor of finance at New York University. 'I’m a firm believer in the fundamentals of a stock – the cash flow, the risk and growth, rather than the particular month to invest,' he says."

Excerpt from Bloomberg-- "Yet even with the political and trade headwinds, the new digital economy, services and higher value producers could keep China on track to join the ranks of wealthy nations, said Spence. 'A trade war expanding to technology and cross border investment will slow China down — and not just China — but not probably derail this progress,' he said."

Excerpt from the The New York Times -- "...the fourth effect is that 'technology may replace specific tasks rather than entire jobs — leaving substantial room for human employment in jobs that will be changed by worker’s having a new tool at their disposal.'"

Excerpt from CNBC -- (0:12) "I am definitely optimistic about Lyft. I think it is priced at a modest range, the 15 to 20 billion dollar range. They are stable, they are founder-led. They haven't really inflated their valuation to the point that Uber has. They have got some really good strategic partnerships with Waymo, with DD, with GM."

Excerpt from Macro Voices --"We are in a benign cycle. We are now just about nine years into it, the longest, by far now, since the modern economic period. It’s not likely that we will leave that for at least 6 to 12 months."

Excerpt from the The New York Times -- "The part of the digital revolution that I have been waiting for, that I haven’t seen kick in in the United States, is the large platforms enabling opportunities for individuals who may not have high-tech skills."