Experience Stern | News & Events

Excerpt from JumpStartMag -- “'Under present antitrust law, breakups and other structural remedies can only be imposed when there is proof of extreme violations of antitrust law,' says Economides. 'At present, we do not have well-defined violations. We are really far away from establishing extreme violations of antitrust law for which a [breakup] would be appropriate.'"

Excerpt from Reuters -- "Ed Altman, a professor at New York University’s Stern School of Business who created the Altman Z-Score to sniff out companies in financial distress, examined 350 BBB-rated U.S. companies as of the end of 2019. His research indicated that more than 30% of those companies, with $600 billion or more of bonds, should have been rated ‘junk’."

Excerpt from Adweek -- "Overall, White said, 'We will see modest losses at first, but unless the virus experiences a turnaround within a month or two, we will see more severe losses for companies like appliance [manufacturers] or for Boeing. And it’s not going get any better. So except for your Amazon and delivery companies, this ain’t good news for anyone.'”

Excerpt from Bustle -- “'Resist the urge and comfort of double-clicking on Amazon or Walmart,' advises Allen Adamson, co-founder of the marketing firm Metaforce and adjunct associate professor at the NYU Stern School of Business. 'Call your local hardware store if you need a few items and ask them to deliver. If you need new sneakers for all the outdoor running you will be doing versus going to the gym, call a runners shop versus [ordering on] Zappos.'”

Excerpt from The Cut -- "They’re likely responding to images of empty shelves and stocked carts that proliferated on social media and in the news last week, inciting a snowball effect, explains Adam Alter, an associate professor of marketing at New York University’s Stern School of Business. 'A few early hoarders drive the rest of the population to hoard by signaling that the product is in short supply.'”

Excerpt from Quartz -- “'Data from China show that the (online shopping) numbers will stay elevated even after the crisis, as more people are exposed to the ease and fun of online shopping,' Anindya Ghose, professor of technology, operations, and statistics at New York University’s Stern school of business, told Quartz."

Excerpt from Financial Express -- "Michael Spence, professor at the New York University's Stern School of Business and 2001 Nobel Laureate in Economics, in a video conference interaction from Milan with some of us at the Pune International Centre, suggested that the twin forces of digital transformation and the current economic slowdown could disrupt employment prospects at a hitherto unimaginable rate this year."

Excerpt from Yahoo Finance -- “'The question for managers is do they know about future performance substantially more than investors do? My guess is that in most cases managers aren’t now better informed than investors' said Baruch Lev, the Philip Bardes professor of accounting and finance at NYU’s Stern School of Business."

Excerpt from Clear Admit -- "I wholeheartedly believe that my Stern experience opened the doors for my career at Microsoft today. Our amazing alums in tech guided me throughout my two years and were genuinely invested in my success. Even Sternie alumni in the C-suite always made time to talk, strategize, and ultimately to build a lifelong relationship. Now, I’m so grateful to call some of those champions my co-workers! I feel similarly about our Office of Career Development. These coaches really went above and beyond to create opportunities for me to meet and learn from leaders in big tech. They were proactive, supportive, and assured me when I needed encouragement."

Excerpt from Newsy -- "Newsy spoke to Paul Barrett, deputy director of New York University's Stern Center for Business and Human Rights and author of several studies on disinformation. He said the response shows 'evidence of a lot of good will and energy being invested' by platforms that had previously been criticized for policies that aided in misinformation spreads — like allowing politicians to lie in ads."

Excerpt from Poet & Quants -- "The school is also launching a new core curriculum next fall, focused heavily on leadership and entrepreneurship, with strong doses of coaching, experiential learning, and problem-solving. Even more, the MBA program can piggyback off a community that includes nearly 5,400 students and 450 faculty members."

Excerpt from Business Insider -- "The Trump administration must give $1,000 to every American adult or coronavirus will plunge the US into its worst recession in nearly a century, according to Nouriel Roubini."

Excerpt from Compliance Week -- "Alison Taylor, executive director of Ethical Systems, a nonprofit research group based at NYU’s business school, said corporate leaders recognize their brands are a huge part of their company’s value. She said some companies have made the moves after being criticized online and by the media. 'Social media is allowing people to keep track, and for some businesses the reputational downsides of these critiques create enough of a business case for action, despite the more direct expense of covering sick leave,' she said."

Excerpt from Financial News -- "'I think this is much more difficult than dealing with the financial crisis,' King told Financial News in a phone interview Monday. Unlike the coronavirus pandemic, there have been several financial crises in the past from which central bankers could draw lessons. 'I think we had a pretty clear idea as to the kind of measures we needed to take.'”

Excerpt from Seeking Alpha -- "Jeffrey Hollender also shares a positive outlook on Sustainability from a business perspective, 'Sustainability is going to improve your financial performance and that's what people don't understand.' said the NYU Stern professor."

Excerpt from Retail Dive -- "While President Trump on Monday predicted that pent-up demand will alleviate the impact on retail and on the economy more widely, he also admitted how uncertain that is. In fact, while it's possible that shoppers return, some may find value in less consumption, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business.​"

Excerpt from Journal of Accountancy -- "'From the audit perspective, they need to really carefully look at those areas where management has discretion,' said Amal Shehata, CPA, an accounting clinical associate professor at New York University’s Leonard N. Stern School of Business. 'Those are amounts that have to be estimated, and so evaluating how their clients are applying discretion is going to be critical. Despite all the technological tools we have at our disposal, there’s still a very human element to the audit process.'”

Excerpt from U.S. News -- "New York University's Leonard N. Stern School of Business also jumped ahead in the rankings, rising from a three-way tie at No. 12 last year to No. 10 this year."

Excerpt from Forbes -- "Current AI market leaders include Amazon, Microsoft, Google, Apple, IBM, Salesforce, SAP, Oracle, Alibaba, and Baidu. 'The prize will be to become the operating system of the next era of tech,' according to NYU Stern School of Business professor Arun Sundararajan."

Excerpt from Poets & Quants -- “'NYU Stern informed students admitted to the school’s Class of 2022 Andre Koo Tech MBA and Fashion & Luxury MBA programs that the start date has been shifted to no earlier than July 6, 2020,' JP Eggers, vice dean for MBA programs, tells Poets&Quants. 'Given the latest guidance from the CDC and after much consideration, the school believes postponing the start date for our one-year programs is the best choice to deliver on an outstanding educational experience in which experiential learning is an essential part.'”

Excerpt from Forbes -- "With cruise lines in the news of late for the wrong reasons related to the novel coronavirus, it is true that this is an industry that will be hit especially hard in the economic fallout of the current environment in the United States and beyond. Professor Scott Galloway of New York University’s Stern School of Business (and a one, two time interviewee of this column) has mentioned multiple times on his podcast Pivot that he is especially bullish on Carnival’s prospects after this crisis concludes."

Excerpt from Asahi Shimbun -- "Nicholas Economides of New York University says 'The market is now more driven by fear than rational calculations. It may take another week for people to begin to understand which industries and companies will be hit and how much.'"

Excerpt from PBS -- "Even before the market volatility, university and college endowments were realizing lower returns than endowments that support nonprofit organizations in the arts, human services, health care and religion, according to a study by business professors Sandeep Dahiya and David Yermack of Georgetown and New York universities, respectively."

Excerpt from Politico -- "FUTURE OF WORK — THE UNMANAGEABLE WORKFORCE: As much of the world shifts to temporarily working from home, Alison Taylor of NYU’s Stern Business School warns of a much harder problem to solve when we all return to our offices, shops and factories: inter-generational workplace conflict."

Excerpt from TIME -- "For one thing, Haidt, like all of us, wants to be thought well of—by himself and by others. 'As someone who studies moral psychology, I can say we all do care about the welfare of other people—although inconsistently,' he says. 'We also all care about our reputations—very consistently. I would truly feel guilty if I passed the virus onto anybody else."