Experience Stern | News & Events

Excerpt from Fast Company -- "'Her influence has been extremely large, but in many ways, she's likely a unique case, and I wouldn't expect anywhere near the same thing from any other person,' Yermack says. 'Michelle was popular with Democrats, Republicans, and at times, even more popular than her husband. She was often very much able to transcend the politics and connect with the greater public.'"

Excerpt from CNNMoney -- "Since taking on the role, [Henry] has gotten NYU to start offering 34 scholarships to low-income undergraduates at the business school that cover all tuition, room and board. 'As a dean, opening the door to business school to high-achieving lower-income kids -- to teach these kids how to fish -- is one of my top priorities,' he said."

Excerpt from Fortune -- "'The EU is making the same mistakes over and over and over again,' says Viral Acharya, a professor at NYU’s Stern School of Business. 'They’re not demanding that the banks be recapitalized as they should be, and allowing things to get worse by enabling lenders to keep zombie loans they should have dumped years ago.'"
 

Excerpt from the Associated Press -- "'They didn’t expect to win so no one has any idea what to do now,' said Pankaj Ghemawat, a professor at IESE Business School in Spain and NYU, of the campaign to leave the EU. 'The analogy that comes to mind is the dog chasing the car. Sometimes the dog catches the car, and then doesn’t know what to do with it.'"

Excerpt from Forbes -- "'Facebook is very worried about Snapchat,' said NYU marketing professor Scott Galloway. 'Facebook is used to owning social media, and not being the hottest girl on campus has them a little freaked out.'"

Excerpt from BBC News -- "It's quite possible that Uber has prioritized rapid growth over deepening its understanding of the culture and business practices of the countries that it enters. I certainly think that they prioritize getting a presence on the ground over a careful, measured entry strategy. But in the business that they're in, that might be necessary. Because in each city, the company that gains drivers and gains passengers early is likely to have an advantage in the long run because when you have more drivers, the passengers like your service. And the passengers like your service, you become more attractive to drivers."

Excerpt from MIT Sloan Management Review -- "In the discussion about why incumbent firms fail to adopt radical technologies — which has been an ongoing research topic and the subject of many popular and academic books — this has been a fundamental question: Are these firms unwilling to do it, or are they unable to do it? What we show in this paper is that they’re certainly able to do it, and they’re typically very successful when they do it, on average."

Excerpt from CNBC -- "I think ceding China to Didi, while it might seem like a loss for Uber in the short run, is a bigger win for Uber in many ways than it is for Didi because it takes a country that was a money pit for the company, and in some ways is the biggest threat to its existence, off the table, and allows it to focus on the rest of the world."

Excerpt from The Atlantic -- "'It's a truce, but it's also a victory for Didi and it's a smart victory for Uber,' said Arun Sundararajan, a professor at New York University’s Stern School of business and the author of the book The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism. 'The only real existential threat that Uber faces is the fact that they are trying to win China, and they're burning a lot of money trying to gain market share in China in the face of a much larger and well-funded domestic competitor.' Sundararajan says that the deal takes China off the table, and, with it, the worries of many potential Uber investors."

This program prepares executives with a general understanding of accounting and financial principles as they relate to organizations' operations and decision-making processes. It also prepares financial analysts and investors with a general understanding of the valuation content and limitations of financial statement information.

Excerpt from BusinessBecause -- "NYU’s Stern School of Business offers courses on basic data handling skills plus programming languages like Python, and an introduction to machine learning. ... 'Business schools are putting more artificial intelligence or data science content into their curricula,' says professor Vasant Dhar of NYU Stern and the Center for Data Science."

Excerpt from The Chronicle of Higher Education -- "Three higher-education administrators and four professors are among the 'great immigrants' recognized by the Carnegie Corporation of New York this year for their notable contributions to the progress of American society. The administrators are Ronald J. Daniels, president of the Johns Hopkins University, from Canada; Peter Blair Henry, dean of the Leonard N. Stern School of Business at New York University, from Jamaica; and Farnam Jahanian, provost and chief academic officer of Carnegie Mellon University, from Iran."
 

Excerpt from VentureBeat -- "Indie.vc is for the businesses that don’t want VC or weren’t wanted by VC. It’s for companies focused on profitability instead of pure growth that want to run their businesses without VCs interfering. It seems focused on disrupting the current VC model, and it isn’t shy about it – its website runs a video of a burning unicorn head in the background. I think we get the message – in some ways, the disruptors (or those who fund them) are being disrupted."

Excerpt from The Economist -- "As Jonathan Haidt points out in the American Interest, a quarterly review, patriots 'think their country and its culture are unique and worth preserving'. Some think their country is superior to all others, but most love it for the same reason that people love their spouse: 'because she or he is yours'. He argues that immigration tends not to provoke social discord if it is modest in scale, or if immigrants assimilate quickly."

Excerpt from CCTV -- "'There is a deeper long-term trend we see in a number of countries but particularly in the U.S., and that’s rising inequality,' Joe Foudy, professor at the New York University Stern School of Business, said. 'The U.S. economy has grown significantly since 2008, but median wages are stagnating, while a lot of other people’s costs are going up.'"

Excerpt from The Wall Street Journal -- "Prof. Acharya’s analysis calculates banks’ leverage ratios, or equity as a share of total assets, based on their current stock-market valuations. 'When a bank’s market value of equity is approaching zero, it doesn’t matter what the book value of a bank’s equity is compared to what investors believe it actually is; Lehman’s was positive when it collapsed,' Prof. Acharya said in an interview."

Excerpt from Bloomberg View -- "Instead of assuming that people are perfectly rational, he theorizes that they have limited attention -- what psychologist Herbert Simon called 'bounded rationality.' When interest rates or gross domestic product change, people in Gabaix’s model don't quite realize that things are different. Even more importantly, they’re short-sighted -- they don’t think as much about the probability of a recession happening 10 years from now as they do about one occurring in the next six months."

Excerpt from Forbes -- "Both Reggie Award winning examples illustrate how insightful, strategic and innovative activations, that are original and very different from anything ever done before, can massively impact awareness, willingness to try, brand perceptions, and earn extensive target audience amplification: all by capturing imaginations, creating a sense of awe and evoking positive emotions. Both also highlight the benefits of thoughtful, strategic partnerships to cost effectively amplify what brands can achieve on their own."

Excerpt from Entrepreneur -- "In 1997, in the dawn of e-commerce, a New York University professor named Yannis Bakos wrote a well-regarded paper that predicted the internet would change pricing forever. Imagine the old days: You went to a store and had no idea what other stores charged for the same products -- which meant the store you were in could jack up the price. But once everyone could comparison shop online, Bakos reasoned, every site would likely have to offer the same price. And yet, it turns out, many shoppers don’t do the research. If they like eBay, they buy on eBay. Simple as that."

Excerpt from Mashable -- "'The decision said bitcoin is not an object with tangible value. That's clearly wrong,' said David Yermack, chair of the finance department at the New York University Stern School of Business, where he teaches the course 'Bitcoin and Cryptocurrencies.'"

Excerpt from Marketplace -- "Anindya Ghose, a business professor at the NYU Stern School, has been following Apple in China and in India, where Apple's sales growth was strong this quarter. 'I’m very optimistic and bullish about Apple’s future proliferation in India,' Ghose said."

Excerpt from Quartz -- “'The reason Facebook and Google are able to do what they do is because they are viewed as benevolent dictatorships,' says Aswath Damodaran, a professor at New York University’s Stern Business School. That’s not necessarily a bad thing—it’s preferable to a company run like a chaotic democracy, he notes—but 'you’re going to have to accept the fact you have no control over the outcome.'”

Excerpt from TheStreet.com -- "'Outside of media circles, Roger Ailes is not all that well known,' added Sharlach, who also teaches management communication at New York University's Stern School of Business. 'It might have seemed like the sky is falling to those inside Fox News, but the actual impact on the audience, perhaps, is not all that great. Most Fox News viewers may not have any idea who Roger Ailes is or was.'"

Excerpt from The New York Post -- "'What they really could do with is a campaign that clearly articulates Twitter’s unique selling point' versus rivals like Facebook, says Anindya Ghose, a professor at NYU’s Stern School of Business."
 

Excerpt from The New York Post -- "'We are clearly in an up economy, with unemployment at about 5 percent, though wages have been stagnant,' said New York University professor of economics, Lawrence J. White."