Experience Stern | News & Events

Excerpt from Foreign Policy -- "As described in my book, Rebooting Democracy: A Citizen’s Guide to Reinventing Politics, a number of extraordinarily encouraging experiments along these lines have taken place in British Columbia, Oregon, and elsewhere over the last decade. What they all have in common is citizen deliberation: the use of large panels of randomly selected citizens to carefully reflect and decide on complex policy matters, a practice which dates back to ancient Greece. Expanding on this experience could usher in a fundamental change to the nature of government."

The Stern School honored Andre J.L. Koo (MBA 1994), Chairman, Chailease Group, today for his generous contributions to Stern at the dedication of the Andre J.L. Koo Lobby in the Henry Kaufman Management Center.

Excerpt from Boston Review -- "By redefining exchange in the markets they mediate, today’s platforms will create new efficiencies that diminish some sources of market failure—for example, the uncertain quality of taxicabs and their drivers that necessitated government licensing in the past. At the same time, though, platforms may induce new forms of market failure, such as the denial of market access to a supplier or a consumer. The regulatory framework should allow the government to respond to specific failures, not prescribe intervention across the board."

Excerpt from BusinessBecause -- "'Companies now need marketing managers who are comfortable with data analytics,' says Anindya Ghose, professor of marketing at NYU’s Stern School of Business. ... 'Students who understand the digital ecosystem and who have technical skills are much in demand,' says Professor Samuel Craig, director of NYU Stern’s Entertainment, Media and Technology MBA track."

Excerpt from Quartz -- "We buy things that make us somehow feel we are better—more attractive, more powerful—and that show the outside world that we’re good enough, smart enough, and people like us. Scott Galloway, a professor of marketing at NYU’s Stern School of Business, goes a step further, saying the cachet that all vanity capital carries is distinctly libidinous. 'Men want to spread their seed to the four corners of the world,' he says, and women want their choice of mate. Anything that projects prestige or increases our physical attractiveness helps us accomplish those goals."

Excerpt from CNNMoney -- "'Like any other market, you need more price transparency and more information to make it more efficient,' [Roubini] said."

Excerpt from Seeking Alpha -- "The Knowledge Effect was originally discovered by academic researchers, spearheaded by Baruch Lev, who studied 20 years of financial data and discovered an important association between a firm's level of knowledge capital and its subsequent stock returns. Further research advanced the original findings and in 2005 Lev, building on his own earlier research as well as that of others, proved the existence of a market inefficiency traceable to missing information about corporate knowledge investments. This inefficiency has led highly innovative companies to deliver persistently positive abnormal returns in the stock market."

Excerpt from The Guardian -- "'Although the sudden visibility of the sharing economy over the last five years was induced primarily by digital factors, many sharing behaviours will be sustained over time by ethical and social rather than technological considerations', explains Arun Sundararajan, a professor of information, operations and management sciences at New York University’s Stern School of Business and a leading authority on the sharing economy."

In April, NYU celebrated Ally Week to promote the practice of “Allyship,” defined as the active and consistent practice of unlearning and re-evaluating beliefs and actions, as a person seeks to work in solidarity with a marginalized individual or group of people.

Excerpt from The Daily Star -- "Rana Plaza and other factory disasters in Bangladesh highlight the risks for workers in a system where a significant number of factories operate in the shadows. Yes, the government and brands should inspect their primary, hub suppliers. But acknowledging the role of spoke factories in the current model and developing a plan to conduct oversight of them is one of the major outstanding challenges as we mark the second anniversary of Rana Plaza."

Excerpt from Financial Times -- "As part of orientation for its full-time and part-time MBA programme, Stern has put students to work on short projects that integrate Google Glass and a clip-on camera called Narrative Clip. An early project had teams using the camera to observe New York City streets and then using that data to develop a proposal for improving traffic safety, says Maya Georgieva, associate director of Stern’s Center for Innovation in Teaching and Learning, who lead the project."

Excerpt from MSNBC -- "On efficiency grounds [a land tax] does make a lot of sense, which is why folks like Milton Friedman were so supportive of the tax. I think, also, we've heard a lot about wealth inequality recently because of Thomas Piketty. An analysis of his data suggests that... what's driving capital to output ratios in a country like the United States is mostly land and housing values. So we've seen this surge in wealth inequality in the United States that's coming mostly from land and housing... the idea of taxing land is appealing for those who want to reduce wealth inequality in the United States."

Excerpt from Yahoo Finance -- "'The case for having a stronger role of women in the business world is compelling,' Roubini said during a speech at The Next Billion: Women and the Economy of the Future conference. 'Lots of work has been done, but more needs to be done.'"

Excerpt from Fox Business -- "I think in terms of the labels or the category we put them in, that's really important. So if you call this a fitness tracking device -- FitBit, Jawbone -- their longevity is almost nonexistent. I think they're going to be replaced by Apple. But if you change the label and actually put them in this category of 'calm technology,' because the whole promise of this category is that it's going to keep us in the flow of information without constantly demanding our attention like looking at our phones. So you'll get a buzz on your wrist, or you'll be able to see it out of your peripheral vision. That category is going to be huge. There's a big future. There's going to be a lot of players. So it depends what category you put them into."

Excerpt from TIME -- "There is a silver lining. Brazil needed a reason to escape its lethargy, and now it has one. While the Petrobras investigations threaten to grind government to a halt, they also provide an opportunity to clean house. Rousseff will salvage what she can, enacting plans to restore investor confidence by raising more revenue and spending less. That’s important in a country where the public deficit last year was nearly 7% of GDP."

Excerpt from Harvard Business Review -- "...a study by Jonathan Haidt of New York University shows that the more employees look up to their leaders and are moved by their compassion or kindness (a state he terms elevation), the more loyal they become to him or her. So if you are more compassionate to your employee, not only will he or she be more loyal to you, but anyone else who has witnessed your behavior may also experience elevation and feel more devoted to you."

Excerpt from The Atlantic -- "'What we found was that this friendly competition works great under the old way, when people are used to [seeing things as] every man for himself and you're getting judged on your own performance and merits,' says Gartenberg. 'Under the new [culture] where corporate had passed down this message that "We're a team, we're working together, and drivers matter," people responded really badly to the naming and shaming of people.'"

Excerpt from MarketWatch -- "Kim Schoenholtz, a economics professor at NYU Stern School of Business, said that Greenspan’s comment [on financial markets in 1996] is remembered because it was so rare during that time for central bankers to discuss asset prices. 'When Greenspan did that, it seemed to many observers to be out of place,' Schoenholtz said. Now it is part of the normal obligation of a central bank to alert people about the risks that markets and financial institutions pose to the financial system and the economy, he said."

Excerpt from The New York Times -- "While the power of money in politics should never be underestimated, institutions can be changed. Thomas Philippon of New York University and Ariell Reshef of the University of Virginia argue, for instance, that financial deregulation produced a huge wage premium for finance executives, even as it increased risks for the rest of society."

Excerpt from Marketplace -- "Sam Craig teaches marketing at NYU's Stern School of Business. Craig says historically, theaters and studios typically split box office receipts 50/50. But Disney reportedly wants 60 percent of the box office for the Avengers sequel. And that could add up. 'Studios need theaters. Theaters need films to make money.'"

Excerpt from Poets & Quants -- "My internship was just as much a chance to learn about the company, as it was to receive a full-time offer, in a short 10 weeks. So I embraced every opportunity I was given to gain exposure to different areas of the company, whether it was taking on an additional project, attending an industry event, or participating in store visits. This was also an opportunity to demonstrate how my previous work experience in advertising translated to a marketing role within the beauty industry."

Excerpt from BusinessBecause -- "At Stern School of Business in New York, students received a combined $200,000 in seed funding at a yearly competition for entrepreneurs, held by Stern’s Berkley Center for Entrepreneurship & Innovation. RecoverLINK, a mobile healthcare technology designed for heart failure patients launched by two Stern MBAs, among others, took home $75,000 in funding."

Excerpt from Bloomberg -- "The authors, five professors at New York University's Stern School of Business, Cornell's Johnson Graduate School of Management, and UT Austin's McCombs School of Business found that bosses were less likely to value or even notice the suggestions of people who were wallflowers at work, new to the job, or racial minorities."

The NYU Urban Seminar Series focuses on research with implications for urban policy. It is co-sponsored by the Urbanization Project, the Center for Real Estate Finance Research, the Marron Institute of Urban Management, and the Furman Center.

Excerpt from LinkedIn -- "Strong product was only part of MMLaFleur's story. Their Bento Box did the trick. Drawing on her Japanese background (Sarah is French-Japanese and a graduate of Harvard) came up with the idea of the bento: a box of six to eight items that are sent to every new customer after they have filled a brief survey online in which they elaborate on their personal style and which may be returned on its entirety if the customer does not like the items included. More often than not, customers keep most of the items sent to them. The difference lies in the new value that the bento box has added: it eliminates thinking."