Experience Stern | News & Events

Excerpt from Forbes -- "It never crossed my mind that I gravitated to startups because I thought more of my abilities than the value a large company would put on them. At least not consciously. But that’s the conclusion of a provocative research paper, Asymmetric Information and Entrepreneurship, that explains a new theory of why some people choose to be entrepreneurs. The authors’ conclusion -- Entrepreneurs think they are better than their resumes show and realize they can make more money by going it alone. And in most cases, they are right."

Excerpt from Business Insider -- "'[Reference points] are used on price tags. These are used in advertising. This is used inside retail stores on signage. All of which are ways to try and get you to anchor on a particular price, so it is against that price that you would then evaluate the current offering,' Priya Raghubir, a marketing professor at New York University Stern School of Business, told Business Insider."

Excerpt from Quartz -- "'I think this move to hire a country head is also a very credible signal to Indian payment system firms, notably Paytm, to ramp up their battle plans,' said Anindya Ghose, the Heinz Riehl professor of business at New York University’s Stern school. 'It will make the mobile payments market in India a lot more colorful!'"

Excerpt from The Independent -- "She told The Independent that while Mr Zuckerberg may be taking lessons on how to appear to appear contrite and charming, the company’s main concern now was to get ahead of the curve for anticipating and actually writing government regulations for the industry. 'The thing that matters most to Facebook is that it wants to write the regulation and compliance going forward,' she said."

Excerpt from Strategy + Business -- "The approach Schilling takes with Quirky is a variant of the case study method — instead of companies, the cases here are the lives of great inventors. She examines their lives to uncover the common personality traits and 'foibles' that helped them see what others did not. Schilling argues that serial breakthrough innovators are different from the rest of us because they’re able to come up with groundbreaking innovations over and over again, rather than just once. And their innovations represent dramatic leaps, rather than incremental improvements."

Excerpt from CNBC -- "Everybody, of course, looks back to the 1930s and the Smoot-Hawley tariff. And they tend to over-emphasize the importance of Smoot-Hawley. It was a bad thing; it certainly made things worse, but it wasn't the sole cause of the Great Depression in the 1930s. We aren't there yet, but what does worry me... is we could see escalation."

Excerpt from BNN -- "I think we will and I think we should ... I have been arguing for this for a while now about the perils, the kinds of risks, that these social media platforms have posed to society. I think given the information coming out, I think we are going to see some concern and some regulation around these social media platforms. The details need to be worked out but I think not doing anything is not an option anymore."

Joining the NYU community in creating opportunities to deepen understanding of others' experiences, NYU Stern will host its sixth annual Ally Week from April 9-13. 

Excerpt from PBS -- "The garment industry employs millions of people in Bangladesh, across about 7,000 facilities, said Paul Barrett, deputy director of New York University’s Stern Center for Business and Human Rights, which has been following Bangladesh’s garment industry since the factory collapse. 'The remembrance of what happened in April 2013 is very powerful and still symbolizes a lot to the people of Bangladesh.'"

Excerpt from Bloomberg -- "The... optimists say that Trump is just trying to increase his bargaining power and is using these threats as a way of opening up China. I have a slightly more pessimistic view because the economic nationalists are in and those who are internationalist are out [of the Trump administration]."

On April 6, Stern Women in Business (SWIB) will host its 26th annual Stern Women in Business Conference entitled, "Transform the Present. Shape the Future"

Excerpt from Campden FB -- "For family offices that are a number of generations removed from the founder, the importance is to have a board or investment committee that can review the actions of the family office investment staff over time to ensure there is continuous adaption relative to the office’s long-term objectives."

Excerpt from Quartz -- "How did Uber’s ratings become more inflated than grades at Harvard? That’s the topic of a new paper, 'Reputation Inflation,' from NYU’s John Horton and Apostolos Filippas, and Collage.com CEO Joseph Golden. The paper argues that online platforms, especially peer-to-peer ones like Uber and Airbnb, are highly susceptible to ratings inflation because, well, it’s uncomfortable for one person to leave another a bad review."

Excerpt from InvestorPlace -- “Users will increasingly message because of the presence of payments on the same platform, and they will increasingly use payments because of the presence of messaging on the same platform.”

Excerpt from Poets & Quants -- "Physically going to these countries helps students understand the consumer and regulatory environments and is especially helpful in understanding niche markets. Additionally, students don’t often have the experience of seeing the business on the ground (for example, an operating factory) and experience the customer behavior in different countries."

A team of NYU Stern MBA students won the eighth annual UCLA Anderson Fink Center Stock Pitch Competition. The team, including William Li (MBA ‘18), Charles Perron-Piché (MBA ‘19), Diven Sharma (MBA ‘18) and Tim Zhao (MBA ‘19), was awarded $6,000 for their presentation, and earned Stern’s first win in the competition. 

Excerpt from Fox Business -- "'If he was serious about this, he would have made the argument against all of big tech, and he would have privately gone to some Democratic and Republican senators and made it a bipartisan issue,' he said. 'The place to go gangster on these guys is through red state [attorneys general]. That’s what he should have done.'"

Excerpt from AdAge -- "Sorrell built WPP into the world's largest agency company and has not publicly identified possible successors, but that doesn't mean he's irreplaceable, suggests Karen Brenner, a clinical professor of business at the Leonard N. Stern School of Business at NYU. 'Think about companies where you have iconic CEOs who are so closely associated with the company,' Brenner says. Outsiders frequently believe such companies will suffer without that CEO at the helm, she says, citing the example of Steve Jobs and Apple."

Excerpt from TIME -- "...according to Rob Salomon, associate professor of international management at the NYU Stern School of Business, trade deficits may actually help the U.S. by flowing dollars back into the economy and keeping American interest rates low. 'This makes mortgages less expensive, this makes business loans less expensive, and this makes capital to start businesses less expensive,' he says."

Excerpt from Newsweek -- "'Facebook has appropriately banned the IRA from its platforms,' said Michael Posner, director of the NYU Stern Center for Business and Human Rights. 'We applaud Facebook for recognizing that Russian disinformation online is a serious problem and for developing a response to this sustained effort to inject political propaganda into American society, as well into Russian and European societies.'"

Excerpt from CNBC -- "I think it builds on a solid foundation. It's going into a business that is broken. The music business fundamentally is broken and I think Spotify might be the best chance for the music business to turn itself around. So I think you have to build from the basics again, revenues and margins improving over time are what's going to drive the value of the company."

Excerpt from Poets & Quants -- "In short, the ISP trip was an incredible, eye-opening whirlwind. While my body and sleep schedule have not yet recovered from the constant running around, I would not have changed a thing. I went on the trip with some very close friends but coming back, I know I have created more personal relationships with students and staff that I was previously only acquainted with. In the end, not only did I feel closer to the Stern community, but I had more pride for our school and every opportunity it has provided me. And even though we were in Hong Kong for less than five full days, the lessons learned and relationships created will last a lifetime."

Excerpt from Bloomberg -- "Asset valuations are stretched across a broad set of financial markets and some cryptocurrencies have witnessed 'extreme volatility,' Federal Reserve Governor Lael Brainard said, though overall risks to the financial system are still low. 'Estimates of risk premiums and spreads in a range of markets remain narrow by historical standards,' Brainard said Tuesday in prepared remarks at New York University’s Stern School of Business."

Excerpt from US News & World Report -- "The Stern School of Business at New York University still makes international academic experiences optional for MBA students, but the number who have embraced global offerings has grown substantially in recent years, says Jamie Tobias, assistant dean of student engagement. ... Many students also partner with faculty and go abroad through Stern Solutions to help solve a real-world business problem. A recent group collaborated with the World Wildlife Fund and the United Arab Emirates' Fujairah municipality to launch the country's first national park."

Excerpt from The Sydney Morning Herald -- "Researchers Priya Raghubir and Joydeep Srivastava found that there are significant differences in spending based on how shoppers pay for things. Their main argument was that 'the more transparent the payment outflow, the greater the aversion to spending or higher the pain of paying… leading to less transparent payment modes such as credit cards and gift cards (vs. cash) being more easily spent or treated as play or "monopoly money".'"