Experience Stern | News & Events

Prospective doctoral candidates are invited to attend an Open House to learn more about the Stern PhD Program and meet Stern faculty and current PhD students.

Robin Hayes, current President and incoming CEO of JetBlue Airways, joined MBA students and alumni for a 2014-2015 Langone Speaker Series event. 

This year’s GMA conference, "Glocalization: Reaching Local Consumers on a Global Scale," will tackle the question of how brands in today’s interconnected world maintain their core identity, while also striving to make that identity universal and relevant in local markets.

Excerpt from Quartz -- "Looking ahead at the future of Ferguson after the events of recent weeks, it seems certain that the overwhelming African-American majority will press for empowerment in municipal affairs. This transition needs to come with a parallel effort to strengthen the municipal economy."
 

Excerpt from Harvard Business Review -- "But what many economists generally gloss over is a notion that I will argue is highly complementary to market failures: management failures. For policy-making purposes economists assume that all businesses act rationally in the pursuit of profits. The possibility that that might not be the case is generally ignored, or even when mentioned, quickly finessed."

Excerpt from CCTV -- "I think [Mario Draghi] will act. He said he's expected to buy assets. He hasn't said he's going to buy something specific, but he says he is expected to, and he also said that it's a unanimous decision. So he's pushing in that direction, but I think that there is resistance from Germany, and we'll see how it turns out. We're not sure."

Excerpt from The Wall Street Journal -- "Through data collected from 1984 to 2013, New York University Professor Edward Altman found two factors are most indicative of a debtor filing again: its profitability upon its first emergence and its leverage. The data reveals that for recidivist debtors, their financial profiles upon exiting their first bankruptcy tended to resemble that of other firms as they entered bankruptcy—namely too much debt and too much leverage. This data supports what restructuring professionals have experienced anecdotally. Sometimes a plan is premised on the best available recapitalization structure, which is not necessarily the right structure."

Excerpt from The Atlantic -- "The index finds that globalization began deepening once again last year after reaching a post-crisis plateau in 2012—but it’s far from the deeply connected world sold by globalization advocates."

Excerpt from Wealthtrack -- "In the seventies, [American corporations] had a lot of competition. Globalization was a factor in making corporations, for the first time in some decades, have a lot of international competition. And they suffered a little bit from that. And I think then, as they were suffering, academics said, oh, the corporations really need to do a better job and the way to do it is, picking up on Milton Friedman, they should focus on maximizing shareholder value. They shouldn't do all these other things. They shouldn't think about the workers that much, or the suppliers or the community. Just maximize profits. And this was an academic thing. I'm an academic. I saw it happen."

In a new study, NYU Stern Professor Deepak Hegde and Bhaven Sampat of Columbia University investigate whether lobbying by special interest groups affects funding for research by the National Institutes of Health (NIH), a publicly funded federal agency and the world’s largest funder of medical research – nearly $30 billion each year.

Excerpt from Marketplace -- "'Teaser marketing' has become the norm, Lieberman says. Those teases, trailers, viral marketing, piecemeal cast and crew announcements are coming earlier, thanks to the web and the crowded comic book movie market. 'They’re saying, "Look, don’t worry, don’t start shifting allegiances, because we’re coming with these movies every year for the next five-year period,"' Craig says."

Excerpt from Yahoo! Finance -- "Aswath Damodaran, professor at New York University Stern School of Business and an expert in equity valuation, nicely dismantled the idea that equity comp is not an expense in this February blog post, which uses Twitter as a case study."

Excerpt from Bloomberg -- "In the next decade, it could be the first time in 30 years that India is growing faster than China because China... has a movement from capital-intensive to labor-intensive growth. So growth in China could go towards 5% in the next few years, while India, with the right reform, could go towards 7%. So for the first time ever, the tortoise becomes the hare and the hare becomes the tortoise."

Excerpt from Marketplace -- "'There are a number of thing that’ll confuse people,' says Jack Jacoby, professor of marketing at NYU's Stern School of Business who says he is involved in 30 or 40 trademark disputes per year. In the case of Disney vs. Deadmau5,  Jacoby says the confusion case boils down to what’s in the mind of the person who picks a mau5head t-shirt off the rack-and whether they'll think the Deadmau5 item was made by, affiliated with or allowed by Disney. 'Disney’s saying "Wait, people may think that this comes from us,"' says Jacoby."

Excerpt from WWD -- "'They [Facebook, YouTube, Instagram] seem to be pulling away and starting to suck the oxygen out of the room for everyone else,' Scott Galloway, New York University marketing professor and cofounder of L2, told WWD. Twitter, which was among the top three platforms in last year’s study along with YouTube and Facebook, saw a complete flip, according to Galloway. He called it the 'most overvalued company' — surprised that despite being valued at $25 billion, more than Clorox, Coach and Abercrombie & Fitch combined, Twitter still has flat user growth."

Excerpt from Nature -- "Advocates for patients with rare diseases spend millions of dollars lobbying the US Congress each year — and it is money well spent, an economic analysis has found. Between 1998 and 2008, such efforts helped to increase new funding for rare-disease programmes by 3–15% each year at the US National Institutes of Health (NIH), according to a report to be published in Management Science (D. Hegde and B. N. Sampat Mgmt Sci. http://doi.org/fzs2vx; 2014)."

 

Excerpt from Harvard Business Review -- "The 2014 DHL Global Connectedness Index that one of us (Ghemawat) prepares with Steven Altman, and that was released on November 3, indicates that global connectedness started to deepen again in 2013 after its recovery stalled in 2012. In other words, there’s now a higher volume of information, capital, people, and trade flows between countries."

Excerpt from The Huffington Post -- "...Caitlin Weaver, who just launched the NYU Mindfulness in Business Initiative -- a collaboration between NYU's Stern School of Business and Global Spiritual Life at NYU -- shared how 130 students came to the launch event, and how there's been an outpouring of interest for a faculty mindfulness program as well."

Excerpt from The American Bazaar -- "Recognition for Outstanding Contribution in Education – Dr. Geeta Menon: she is the 11th Dean of the Undergraduate College at NYU’s Leonard N. Stern School of Business and the Abraham Krasnoff Professor of Global Business and Professor of Marketing. She is a respected educator at the graduate and undergraduate levels, and has mentored many doctoral students who have gone on to become faculty members at top schools, including the University of Chicago, Cornell University and Dartmouth University."

Excerpt from US News & World Report -- "The reality, according to a 2003 paper, 'The cash flow, return and risk characteristics of private equity,' by Alexander Ljungqvist and Matthew Richardson, is quite different. It can take between eight and 10 years for the internal rate of return of private equity funds to turn positive and eventually exceed the returns of listed stocks. Relatively few investors understand the patience required to reap these returns."

Excerpt from Luxury Daily -- "'[This] campaign is not about engaging with consumers. It is about inspiring consumers, teasing them, making them get curious, igniting interest,' said Thomaï Serdari, Ph.D. brand strategist and adjunct professor of marketing at New York University, New York. 'After all, luxury, especially in such conceptual form and not as a product to be displayed and acquired, is a top-down reality.'"

Excerpt from WIRED -- "'IT work is not strictly siloed away from the rest of the organization anymore, so it’s becoming harder to think of it in this geographically separate way,' says Prasanna Tambe, an associate professor at NYU’s Stern School of Business, who researches the IT workforce."

Excerpt from Economic Times -- "It would be irresponsible to answer in favour of more or less globalisation without first having a clear understanding of how globally-connected India is. On November 3, the DHL Global Connectedness Index 2014 was released. This provides a unique 3-D view of the globalisation of 140 countries’ trade, capital, information and people flows. It measures their Depth (relative to domestic activity), their (geographic) Distribution and their Directionality (inward versus outward). India ranks 71st out of 140 countries on its overall level of global connectedness, down from 68th two years ago. Its overall middle-of-the-pack ranking, however, masks major weaknesses – or, untapped opportunities."

Professor Thomas Philippon has been awarded the 2013 Bernácer Prize, which is given annually to a European economist under the age of 40 who has made outstanding contributions in the fields of macroeconomics and finance.

Excerpt from Harvard Business Review -- "The index is compiled by Pankaj Ghemawat, a professor at NYU’s Stern School of Business and the IESE Business School in Barcelona, and Steven Altman, a lecturer at IESE. Ghemawat, a frequent HBR contributor, began arguing in 2007, with the book Redefining Global Strategy, that the world isn’t nearly as flat as Tom Friedman said it was."