Experience Stern | News & Events

Excerpt from The Wrap -- "That’s why Paul Hardart, a former Warner Bros. executive and current head of the... Entertainment, Media and Technology program at NYU, said it’s 'way too early to tell' if Quibi will flourish."

Dean Raghu Sundaram and Professor Scott Galloway engaged in a wide-ranging discussion, touching on everything from how the coronavirus is impacting industries like tech, digital media, retail and startups, important lessons that can be learned when facing adversity, and how global crises can impact future generations of leaders.

Excerpt from Newsday -- “'Life after the virus will be different from before the virus,' said Amy Webb, professor of strategic foresight at the New York University Stern School of Business. 'We have a choice to make: Do we want to confront our cherished beliefs and make meaningful changes for the future, or do we simply want to preserve the status quo?' Webb said."

Excerpt from Marketplace -- "In normal times, it’s a bad look when companies clam up, according to Baruch Lev, professor of accounting and finance at NYU. 'When you stop guidance, the stock price is hit because it increases significantly [the] suspicion of investors. ‘Why did you stop? What’s the reason?’ ' he said."

Excerpt from Fox Business -- “'Target and Walmart and a lot of these places have kind of established themselves as places you can go where you pretty much know you're going to get a good deal, that things aren't going to be so expensive,' Meyvis said. “So people sort of treat it like the grocery store, where they're just putting stuff in their cart.'”

Excerpt from Seeking Alpha -- "The second winner this week is from Prof. Aswath Damodaran, who graciously shares the tools used in his Stern School of Business MBA classes. I recommend his entire 'Viral Market Meltdown' series, but my focus today is on part V, Back to Basics."

Excerpt from Poets & Quants -- “Although the term “business” commonly conjures thoughts of finance and profitability, I learned that business is fundamentally about people. Whether it’s understanding clients, customers, or business partners, it truly is psychology and understanding the human experience that underlies so many aspects of business. Businesses become successful by solving people’s problems, so understanding people is the key first step. Business school has taught me how to be a more thoughtful, perceptive person which in turn makes me a better businesswoman.”

Excerpt from Newsy -- “This kind of crisis can catalyze or even accelerate an ongoing change,” said Arun Sundararajan, author of "The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism."

Excerpt from Outlook India -- "A presentation delivered by Viral Acharya and his colleagues at New York University Stern School of Business said that COVID-19 has many similarities with Global Financial Crisis of 2008 and there are some stark differences as well. It also says that this is once-in-a-century pandemic emanated from Wuhan and has engulfed most of the globe."

Excerpt from Protocol -- "Sundararajan explained that the gig economy flourished after the last financial crisis, because people were 'more willing to experiment with new ways of earning money. Through that lens,' he added, 'I think that there are lots of ongoing technological changes that could be dramatically accelerated by the current crisis.'"

Excerpt from Luxury Daily -- "'Luxury brands need to be more comfortable with risk,' said Allen Adamson, cofounder of Metaforce and adjunct professor at NYU Stern School of Business, New York. 'The temptation from most consumers is that luxury can wait, I don't need to make a big decision right now,' he said."

Excerpt from NY Daily News -- "Lawrence White, a longtime economics professor at New York University’s Stern School of Business, said the new numbers don’t even stack up well against the Great Depression of the 1930s. 'In the 1930s, we went from full employment in 1929 to 25% unemployment in 1933. It took three and a half years. We’re going to be seeing a comparable descent from full employment to deep depression in three and a half weeks, by this rate,' White told the Daily News."

Excerpt from Wired -- “'China is building its soft power,' says Nouriel Roubini, an economist at NYU who was an adviser to presidents Clinton and Obama. 'They are going to use this crisis to say, ‘Our political system is better, our technological model is better, our economic model is better.’”

Excerpt from Grant's Interest Rate Observer -- "Altman hazards no guess about when this grandaddy of benign cycles will turn malicious. 'When both macro and micro market forces point to an unmistakable negative outlook, I except the next stressed credit cycle to produce default amounts that will be higher than any in the past due to the enourmous bond, bank and nonbank buildup, and the crisis may last longer than the previous one."

Excerpt from The Wall Street Journal -- "New York University’s Stern School of Business added two specialized one-year M.B.A. programs in 2018, one in technology and the other focused on the fashion and luxury industries. For 2020, the school said applications for its one-year tech M.B.A. grew 59%; those for the fashion and luxury degree climbed 6%.
'The impetus was trying to think differently about what the future of graduate business education would look like and to meet the needs of employers that our existing programs may not be able to,' said J.P. Eggers, vice dean of M.B.A. and graduate programs."

Excerpt from Fast Company -- “'I think we have been drifting downward for years toward a growing and pernicious consensus that you can’t tell truth from falsity and there’s almost no point in trying to figure out whether there’s truth on a given subject,' says Paul Barrett, deputy director of New York University’s Stern School of Business and Human Rights, who has written extensively on misinformation in election cycles."

Excerpt from Poets & Quants -- "I was surprised by how diverse and interdisciplinary my business education has been. Majoring in business lies at the intersection of understanding and analyzing problems beyond spreadsheets. I am currently taking a class on Entrepreneurship & Sustainable Proteins. When I first applied to Stern’s Undergraduate College, I never imagined taking a course that analyzed how plant-based proteins can upgrade our food system to be more environmentally-friendly, healthier, and innovative. I used to think business was about spreadsheets, deals, and quarterly earnings reports. It’s so much more than that."

Excerpt from Adweek -- "The pandemic serves as a 'short-term shock,' said Joseph Foudy, clinical associate professor of economics at NYU Stern School of Business. Unlike a recession, there could be a turnaround in months, not necessarily years. 'If the recovery comes sooner than expected, they could find that it’s difficult to regrow,' Foudy said. 'It would be really inefficient to lay people off.'”

Excerpt from Retail Dive -- "Saks Fifth Avenue's flagship in particular, in the post-COVID era, will face what Serdari called 'an added, unwritten responsibility, which is what it means to define New York City retail on Fifth Avenue, luxury stores, across from Rockefeller Center. Even if times are tough for that parent company [HBC], that's worth exploring.'"

Excerpt from My Company Poland -- "It is surprising how little research is done to deal with this problem. It turns out to be quite complex. Julianna Pillemer, American psychologist from New York University Stern School of Business, the author of pioneering research into close relationships at work, wanted to answer some of the questions about the relationship between friendship and work. What are the basic features that distinguish friendship at work from other friendly or mentoring relationships? What is the difference between friendship between boss and subordinate and peer relationship? How is friendship with a person who you know 10 years different from the one that develops in the workplace?"

Excerpt from Yahoo Finance -- "The increase has spurred Amazon (AMZN) to hire an additional 100,000 workers to keep up with the demand, as Americans turn to the site for home essentials. And according to NYU Stern School of Business professor of marketing Scott Galloway, the greater reliance on Amazon will make it a far stronger company well after the coronavirus lockdowns come to an end."

Excerpt from The Verge -- "We’re continuing our Vergecast interview series remotely during the COVID-19 pandemic and this week, Verge editor-in-chief Nilay Patel sits down via Skype with Amy Webb, the founder and CEO of The Future Today Institute. Amy is also a professor at NYU’s Stern School of Business and recently came out with a book called The Big Nine: How the Tech Titans and Their Thinking Machines Could Warp Humanity."

Excerpt from Yahoo Finance -- "You can’t, until we get an exit plan from the new world the coronavirus has created. 'I think it [the economic recovery] will look very different. It will depend critically on the policies governments put in place,' explained former Bank of England governor Lord Mervyn King on Yahoo Finance’s The First Trade."

Excerpt from The New York Times -- "But there have been more sophisticated and sympathetic efforts, too, like the influential work of New York University’s Jonathan Haidt on the 'moral foundations' of politics: Haidt argues that conservatives actually have more diverse moral intuitions than liberals, encompassing categories like purity and loyalty as well as care and fairness, and that the right-wing mind therefore sometimes understands the left-wing mind better than vice versa."

Excerpt from Forbes -- "Below are tips Ronni and I came up with to help with a diverse range of audiences, both business and academic. Necessity is the mother of invention. I believe we’re all surprising ourselves with our abilities to adapt to teaching online in ways wouldn't have imagined as recently as 2 weeks ago, and finding it more satisfying than expected."