Experience Stern | News & Events

Excerpt from US News -- "In a 2019 New York University-Harvard study, business school students said they'd be OK with getting poorer quality health care as long as it was provided by a human instead of AI. People resisted AI, the study authors found, because they felt it would not take their "idiosyncratic characteristics and circumstances" into account."

Excerpt from WIRED -- "In addition to the public health emergency, Covid-19 has also spurred a severe employment crisis, and Lieberman sees rental companies as poised to flourish, because people are cautious about spending. This is a view shared by New York University marketing professor Tom Meyvis, who studies consumer behavior. Because people tend to be more careful with money during economic downturns, Meyvis suspects people may choose renting certain goods and services over owning them to avoid the steep price tags of big-ticket purchases. 'They may be more reluctant to pay high up-front costs, even if they're able to do so,” he says.'"

Excerpt from Financial Times -- "Are things at work, in fact, eventually going to go back to something like they were before coronavirus? Humans overestimate the long-term impact of the things we are living through; what futurist and NYU Stern Business School professor Amy Webb calls 'the paradox of the present'. She suggests we learn to overcome it by becoming more comfortable with uncertainty."

Excerpt from El Espectador -- "Speaking to Efe, Professor Nicholas Economides, from the Stern Business School of the University of New York (NYU), foresees a slow recovery of the hospitality industry and small businesses, such as hairdressers, aesthetic centers or barber shops, since they require close contact with the client and its opening will be later, according to the calendar of phases to return to economic activity planned by the state."

Excerpt from RetailWire -- "In a column for Harvard Business Review, Steven Altman, senior research scholar at the NYU Stern School of Business, wrote that he believes globalization and shifts away from globalization will offer opportunities and challenges for businesses. He wrote, 'A volatile world of partially connected national economies expands possibilities for global strategy even as it complicates the management of multinational firms.'”

Excerpt from QSR Magazine -- “'The work that Just Salad is doing to educate people about their food choices as they relate to planetary health is imperative,' says Sophie Waskow Rifkin, Senior Associate Director, Center for Sustainable Business at NYU Stern School of Business, which facilitated the project. 'I’m incredibly proud of our MBA candidates who are passionately dedicated to sustainability and helped Just Salad take this historical step for the betterment of the restaurant industry and our planet.'"

A team of NYU Stern MBA students won second place in The Small Business School Challenge, a 48-hour nationwide virtual hackathon launched to help support small businesses during the coronavirus pandemic. The Stern team included Fashion & Luxury MBA students Lisa Gehring (MBA ‘20), Hannah Gotfredson (MBA ‘20), and Becca Yu Zhou (MBA ‘20), and was one of 10 finalists. 

Excerpt from The Washington Post -- "'The campaign to 'buy black' is not new in the black community, notes Rachel Marie Brooks Atkins, a postdoctoral faculty fellow at New York University’s Stern School of Business. She says many people who study black entrepreneurship are skeptical that even more widespread adoption can have a lasting impact, noting that the challenges facing black businesses are more fundamental than cash flow."

Excerpt from MarketWatch -- "The 'S' should focus on inequality and the core business practices that fuel it, especially outsourcing and automation. The COVID-19 crisis has laid bare the degree of economic inequality in America. While America's white-collar workers juggle Zoom calls and child care, low-wage earners must either risk infection delivering essential services or find themselves unable to afford rent and other necessities for their families."

Excerpt from Poets & Quants -- "NYU Stern, SternWorks, a joint effort of the Office of Career Development and Office of Student Engagement (the latter of which leads Stern’s experiential learning efforts), gives full-time MBA students a summer experience who don’t otherwise have one lined up — or whose internship was delayed or truncated. The school tells P&Q that the program helps students build skills while giving back to its community — which was hit harder by the pandemic than any other in the U.S. SternWorks is a testament to quick-thinking innovation."

Excerpt from Bloomberg -- "This concern lines up with post-crisis economic trends that are now being exacerbated by the pandemic. In a paper with University of Calgary’s Anup Srivastava, New York University professor Baruch Lev argues that as consumer demand and bank lending slumped after the 2008 recession, value shares have been unable to rebuild and innovate."

Excerpt from The Hill -- “'There's certainly some anecdotal evidence that there are some left wing extremists ... and right wing extremists who were participating in a protest around the edges and causing some of the problems. But of course that's not to say that these protests are not real and spontaneous,' said Paul Barrett, deputy director of the New York University Stern Center for Business and Human Rights."

A message from NYU Stern leadership to the Stern community regarding recent events

Excerpt from Money Morning -- "Edward Altman, an emeritus professor of finance for the New York University Stern School of Business, estimates about 8% of all firms whose debt is rated speculative grade will default in the next 12 months. Over the next two years, 20% will go belly-up. Altman also expects at least 165 large firms with more than $100 million in liabilities will go bankrupt by the end of 2020."

Excerpt from MoneyWeek -- "This week, Merryn talks to ex-governor of the Bank of England Merryn King about the pandemic and how to prepare for a future that is unknowable; the government's response and why science may not always have the answers; and how to deal with vast rise in public debt. Plus, a little bit of bonus Brexit."

Excerpt from Yahoo News -- "Instead, implicit biases are a normal part of one's thought process and come from messaging they've internalized over the course of their lives. This messaging comes from media, education, pop culture, and real-life interactions. 'Think of that as a fog we've been breathing our whole life, we never even realized it, what we were taking in,' says Dolly Chugh, an associate professor at NYU's Stern School of Business."

Excerpt from MarketWatch -- "Analysts have also pointed to low interest rates as a reason for higher valuations of late. The equity risk premium, or the expected return stocks will provide over government bonds sits at above 6% versus an average of 3.2%, according to data from Aswath Damodaran, professor of corporate finance and valuation at the Stern School of Business at New York University."

Excerpt from Moneycontrol -- "'For the next three years, until we have herd immunity or a vaccine, we are going to see significantly less consumerism than before as consumers will value savings even more, socially distance from others, avoid visiting large public places like shopping malls, department stores and sit down restaurants, and skip public events, especially indoors that are subject to recirculated air,' said Anindya Ghose who teaches business at the New York University Stern School of Business."

Excerpt from KCRW -- "'We live in a very litigious society, but no employer wants to get sued if their employee gets sick. So in order for that to happen, the employer needs real-time knowledge of every employee's health situation. And because it takes a while for the virus to present symptoms, we're either going to have to have some kind of scanning and scoring system for each person, based on your digital behaviors, and if there are any test results. Or we're going to have to have a much faster test, and it's going to have to be comprehensive and available. We're going to have to be tested every single day as we wait for a vaccine.'"

Excerpt from Project Syndicate -- "COVID-19 is a wake-up call to the global community. The global health and financial architecture must be strengthened, and in parts redesigned, to enhance our preparedness and capacity to act with speed and at scale to fight future crises. We should send a message of hope for the future: that the UN, G20 governments, and all interested partners can turn this crisis into an opportunity to build a new and more effective multilateralism, which more appropriately reflects current economic and political realities and is better equipped to address the challenges of the twenty-first century."

Excerpt from CBS News -- "Adam Alter, a psychology professor at New York University's Stern School of Business, said, 'Behaviors change, but they always change for shorter periods than we anticipate or than a lot of people expect.' 'He points out that the phrase "the new normal" was much used during the last two decades, notably after the 2008 financial crisis."

Excerpt from Poets & Quants -- "The combination of the Fertitta Veterans Program, living in New York City, and the school’s track record in investment banking recruiting led me to choose Stern. As I was transitioning out of the Marine Corps, I was looking for MBA programs with strong veteran clubs. I felt that a strong veteran community would help ensure a smooth transition back to school and facilitate a strong network for future endeavors. Stern has one of the highest military contingents of any MBA program, largely due to the creation of the Fertitta Veterans Program in 2016. The program reduces veterans’ tuition to $30,000 per year and has provided scholarships to many graduates. In addition to tuition assistance, the program helps veterans ease back into academics by taking the statistics and financial accounting core requirements prior to orientation with the rest of the class."

Excerpt from Poets & Quants -- "My favorite professor at NYU Stern has been Tensie Whelan. I had the opportunity to meet Tensie before I enrolled at Stern through events hosted by the School’s Center for Sustainable Business. Through this meeting, I was able to negotiate a research opportunity about ESG credentials of Fortune 100 board members. I was then also able to work as Professor Whelan’s teaching fellow for four of her courses at the Undergraduate, MBA, and Online Certificate levels. Prior to working with Tensie, I was aware of how approaching investing from a sustainable mindset could be used as a risk mitigant. However, as her teaching fellow, I was able to watch her successfully demonstrate the potential financial upside available for companies which I can use going forward in my professional life."

Excerpt from iNews -- "In the long run, this could prove to be a strength for Airbnb over other options, explains Professor Arun Sundararajan of New York University, author of The Sharing Economy. Airbnb apartments offer a greater sense of control over personal space, and lower occupancy rates than hotels, he points out. 'I think there is going to be a very large shift away from hotels and towards vacation rentals and Airbnbs,' he predicts."

Excerpt from New Books Network -- "I spoke with Dr Simon Bowmaker, Professor of Economics at New York University, Stern School of Business. He has recently published When the President Calls: Conversations with Economic Policymakers (MIT Press, 2019). His book is a very original and timely contribution on the relationship between US presidents and their economic advisers. The book, 674 pages, is divided into nine sections (one for each president from Nixon to Trump) and 35 chapters (one for each economic adviser of those nine presidents). The book covers 50 years of US history, 1969 to 2019 and is enriched by amazing pictures of the advisers ‘in action’ with their presidents."