Experience Stern | News & Events

Excerpt from New Zealand Herald -- "Academics Priya Raghubir and Joydeep Srivastava from New York and Maryland universities studied the specific mechanisms behind consumer spending according to payment mode and found that credit is treated as Monopoly money by consumers while spending cash reinforced the pain of paying."

Excerpt from Big Think -- "You have to marry the heart and the head. You have to be able to step back and frankly have the discipline to say, 'If we really want to help people we can’t just be driven by emotion.'"

Excerpt from The New York Times -- "The encouraging news is that the Affordable Care Act was intended to foster the evolution of a new system that can capture many of the gains currently enjoyed by countries like Sweden. For that to happen, however, Congressional critics must abandon their futile efforts to repeal Obamacare and focus instead on improving it."

Excerpt from Boston Globe -- "The amenities at SuperLux and similar movie houses represent an escalation in the competition, said Sam Craig, director of the entertainment, media, and technology program at New York University’s Stern School of Business. 'The market is segmented. People want a more elite experience,' he said. 'Theaters are finding ways to enhance the experience, but for a segment that’s willing to pay more.'”

Excerpt from The New York Times -- "Other environmental cues shape our actions because they subtly license us to behave badly. According to the heavily debated broken windows theory, people who are otherwise well behaved are more likely to commit crimes in neighborhoods with broken windows, which suggests that the area’s residents don’t care enough to maintain their property."

Excerpt from HuffPost Live -- "There is no doubt it was done for economic reasons. The state TV was not particularly critical of the government or there was no dispute between the state TV and the government so it was not a target of that sort. Now, it has to be clear that there is heavy unemployment in Greece, but the people who are unemployed are people in the private sector, not the public sector. The public sector is huge - hundreds of thousands of people, and it burdens the private sector so much that we have this very high unemployment. So no matter if this was done in the right way or the wrong way, there has to be a way for the public sector to be reduced in Greece. Otherwise there is no future for Greece."

Excerpt from News & Observer -- “'We’re only just scratching the surface on the marketing and sales potential in social media,' he said. 'Over the next five years, it’s probably going to grow tenfold, so certainly direct sales are going to be a part of it.'”

Excerpt from Inc. Magazine -- "'A complacent company isn't disruptive. At best, it's slow to change and stuck in the wrong behavior pattern,' said Luke Williams, author of 'Disrupt,' during the World Innovation Forum Thursday."

Excerpt from The Times of India -- "'In India, I couldn’t help but notice how women were sidelined even in domestic decision-making. However, I observed that one of my uncles treated women with dignity, which reflected in the language he used even when women weren’t around. What set him apart was that his wife was a working woman. I wondered how having a working wife as opposed to a stay-at-home one influences a man’s psychology?' said Desai, who co-authored the study with Dr Dolly Chugh of New York University’s Stern School of Business and Dr Arthur Brief at the University of Utah’s David Eccles School of Business."

Excerpt from BBC News -- "Many people worry that the way we've come out of the financial crisis is the governments in the United States and elsewhere have bailed out financial institutions which weren't even banks...insurance companies, money market mutual funds. So if those institutions now think that they're effectively insured, there's a danger that they're going to take... big risks, because essentially, they're gambling with the taxpayers' money. That's a badly designed system."

Excerpt from Poets & Quants -- "'We're looking for people who not only have high I.Q., but really high E.Q. and emotional intelligence,' Stern's Gallogly says. 'It can bring a candidate to life in a different way.'"

Excerpt from The Wall Street Journal -- "'The whole point of these plans is that if material events occur, as they inevitably will, the insider has an alibi against insider-trading accusations,' said David Yermack, a finance professor at the New York University Stern School of Business."

Excerpt from The Wall Street Journal -- “'We’re now at the end of the beginning of the process,' said Mike Posner, professor in the business and society program at NYU’s Stern School of Business and former assistant secretary of state in the Bureau of Democracy, Human Rights, and Labor, referring to the Guiding Principles broadly. 'Now the question is: what does this mean in very practical terms for specific companies, and how do you establish rules of the road in specific industries or countries?'”

Excerpt from The Times of London -- “'It is a lot easier to take risks and start a new business if you migrate to a hub where that sort of culture already exists,' Jerry Hao, who has just graduated from New York University’s Stern Business School, said. Mr Hao is working on a start-up project in New York. Mr Rayford, president of Stern’s Entrepreneurs Network, is well aware that opting for a job in a big company would be a safer career bet, but for him it holds no appeal. 'There is a risk going down the entrepreneurial path, but there will be opportunities that will not come to me otherwise,' he said."

Excerpt from Financial Times -- “'This generation of students is more sophisticated in terms of their self-awareness,' says Pamela Mittman, assistant dean of career services and leadership development at NYU Stern. 'They’ve been encouraged and given flexibility to figure out what their strengths, values and interests are. There’s not a pack mentality.'"

Excerpt from Financial Times -- “'The under-30s may be entering a more volatile and economically challenged world, but there is no evidence that suggests Generation Z will be less fond of luxury items than the consumers that have come before – brands that don’t attune themselves to their social and spending habits will undeniably suffer in the long run,' says Prof Galloway."

Excerpt from The Huffington Post -- "...Haidt offers a genuinely fresh analysis of today's culture wars. My favorite bit: about halfway through the conversation, he shows that the intuition (the gut reaction) comes first, and the reasoning follows behind, largely to serve and protect the intuition."

Excerpt from Bloomberg Businessweek -- "...Stern announced that it’s introducing a new early application deadline of Oct. 15, in addition to existing deadlines of Nov. 15, Jan. 15, and March 15."

Excerpt from Forbes -- "Among the products being developed is Databetes, a forthcoming app that will provide self-management support tools for patients with diabetes. Kinvolved similarly bridges technology and social enterprise by developing online applications to increase school attendance among low-income students, engaging parents in the process."

Excerpt from Business Insider -- "In a followup to their 2008 paper on CEO compensation, Xavier Gabaix, Augustin Landier, and Julien Sauvagnat just released a paper looking at how CEO compensation decreased and rebounded as a result of the crisis...During the crisis (2007 – 2009), average total firm value decreased by 17%, and CEO pay decreased by 28%. During 2009-2011, we observe a rebound of firm value by 19% and of CEO pay increased by 22%."

Excerpt from CNBC -- "We thought that it would take about a trillion dollars to rescue the financial sector in the middle of the financial crisis of 2008. Three or four years later it was about half of that amount during the debt ceiling debate in the summer of '11 and now it's down to half of that again, $350 billion. It really looks like the banks are much stronger than they were anytime in the meantime."

Excerpt from The Wall Street Journal -- “'The relevance of accounting information in financial reports is decreasing at an alarming rate,' says Baruch Lev, an accounting and finance professor at New York University’s Stern School of Business. 'What investors need is a comprehensive picture of the business model of a company and how it is executed.'”

Jill Kickul, director of Stern’s Program in Social Entrepreneurship, spoke about “Hybrid Models for Social Enterprises” at the 2013 orientation training for the Aspen Network of Development Entrepreneurs (ANDE), a global network of organizations that fosters entrepreneurship in emerging markets.

Excerpt from The New Yorker -- "Even the names people choose for their children vary from simple to complex, and that decision determines some of their outcomes later in life. With the psychologists Simon Laham and Peter Koval, I found that people prefer politicians with simpler names—and lawyers in American firms with fluent names rise up the legal hierarchy to partnership more quickly than their non-fluently named colleagues."

Excerpt from Financial News -- "This year in particular, bank boards have set high expectations for good governance. Let’s hope they will deliver. There is no margin for error at the top these days and retribution, from shareholders and regulators alike, will be swift if further scandals are unearthed."