Experience Stern | News & Events

In celebration of the launch of NYU Shanghai, the University’s third portal campus, NYU Stern held its biennial Global Alumni Conference in our newest home of Shanghai June 20-22, 2013.

Excerpt from Reuters TV -- "You should look at [the 1950s] because that's a period when not quickly but just gradually, long-term government bond interest rates trended up from 2 1/2 percent, where they were at the beginning of the period, to between 4 1/4 and 5 percent toward the end of the period, and while that was happening, the stock market had a great boom."

Excerpt from Bloomberg TV -- "[The proposed Federal Mortgage Insurance Corp.] is just going to be a recreating something that may have a different name but will end up being much like Fannie and Freddie."

Excerpt from The New York Times -- "To the extent that the U.S. government has excess revenue to subsidize the economy, it would be better to invest in more productive parts of the economy that offer higher rates of return, like education and human capital, or fixing the nation’s outdated and crumbling infrastructure."

Excerpt from China Daily -- "Michael Spence, a Nobel prize winner and now professor of economics at the Leonard N. Stern School of Business at New York University, is one who believes Lin is wrong to downplay the importance of domestic consumption. 'The supply-side shifts are important and necessary, but, for China, not sufficient. The demand- and income-side restructuring is also a key component,' he says."

Excerpt from Bloomberg Businessweek -- "Fashion may be an unconventional career choice for MBAs, but NYU’s Stern School of Business has a novel program for the sartorially inclined. Stern MBAs can apply to participate in the Stern Consulting Corps’ partnership with the Council of Fashion Designers of America, which pairs students with fashion designers for ten weeks to provide advice on a variety of subjects, including business plans, e-commerce strategies, and cash flow projections."

In celebration of the establishment of New York University’s campus in Shanghai, NYU’s Stern School of Business hosts this year’s Global Alumni Conference in Shanghai, its newest “home” city, from June 20-22, 2013.

2013年6月20日—中国上海浦东。为了庆祝上海纽约大学的成立，纽约大学斯特恩商学院将于2013年6月20日至22日，在“新家”上海举办今年的全球校友会。斯特恩商学院将召集包括两名诺贝尔经济学奖得主在内的核心教职人员、亚洲地区的重要商业、城市领导参与本届校友会，并邀请全球10万校友借此机会再次相聚，相互交流，讨论当下的商业话题以及中国在全球经济中的地位。

Excerpt from The European Financial Review -- "In the end, it is probably leadership more than anything else that separates winners from losers over the long term – the notion that appropriate professional behaviour reinforced by a sense of belonging to a quality franchise constitutes a decisive comparative advantage. In the absence of this crucial ingredient, the financial architecture will have to rely even more on intrusive and sometimes suffocating regulation – extending well beyond systemic issues – to protect the general public from systemic risk, ultimately at substantial cost to financial efficiency and economic growth."

Excerpt from Daily Mail -- "WeeSpring allows users to add friends via email or Facebook so they can share their trustworthy opinions on thousands of everyday essentials from cribs to car seats using a simple rating system. It was launched by New York-based couple Allyson and Jack Downey, who say that 'being a new parent is expensive enough, without buying things you don't need or that don't work.'"

Excerpt from Marketplace -- "'I think the markets ought to be seeing this as a good sign,' says Lawrence White, a professor of economics at NYU's Stern School of Business. White says if the Fed scales back the aid, the markets will see it as a vote of confidence in the economy."

Excerpt from Forbes -- “'Ignorance requires our attention,' said Renee Rottner, an assistant professor at the NYU Stern School of Business, who coauthored the paper. 'We need to be rigorous about looking at history where things have been erased.'"

Excerpt from People's Daily -- "The picture that emerges is not so daunting. We can have it all: good education, better health care, and even more orchestral performances. In exchange, we will not have to surrender food, clothing, shelter, or even less essential commodities such as comfortable vacations, unrestricted travel, and readily available entertainment. This is not merely naïve optimism but something we have already experienced. The galloping college tuition increases and exploding cost of hospital care since World War II have not prevented us from consuming these and other services and goods."

Excerpt from The New York Observer -- “'I don’t think any store goes in thinking that they’re going to lose money,' said Scott Galloway, a clinical marketing professor at NYU’s Stern School of Business. 'It’s more that a lot of retailers come regardless of whether they’re going to be profitable or not.'”

Excerpt from TODAY -- "'I believe it's very widespread,' said Priya Raghubir, a professor of marketing at NYU, who explained that seeing a sale sign has a psychological impact on a customer. 'You feel smart, you feel happy, you've got a great deal, and you feel special because you managed to get this deal,' she said. 'The stores are completely playing on our emotions.'"

Excerpt from Bloomberg Businessweek -- “'B-School is the perfect time to explore opportunities through clubs and project-based learning programs, or to consider creating your own,' wrote Lizzette Hernandez, assistant dean of of the Office of Student Engagement at NYU’s Stern School of Business, in an e-mail."

Excerpt from Institutional Investor -- "We have entered the New Abnormal, a period in which every market assumption must be questioned and the wise investor is prepared to be surprised."

Excerpt from Entrepreneur Magazine -- "'It's hard to put your hand into a car's engine when the car is still running, but that's what disruptive innovation is -- changing the way things are done before your business is backed into a corner,' said Williams, who spoke to a crowd of 800 business leaders at the World Innovation Forum in New York City last week."

Excerpt from Tucson Sentinel -- "“The idea that a corporation exists solely to make money is actually quite new,' explained Ralph Gomory, a professor of management at New York University...'Even in the early ’80s, you would be more likely to hear a CEO talking about his responsibilities to the country or to his employees than his duty to the shareholders.'”

Excerpt from Associated Press -- "In many cases, food products get their wholesome appearance because of the different or stripped-down ingredients companies are using to make them more natural, said Michael Cohen, a visiting assistant professor of marketing at NYU's Stern School of Business. But in other cases, companies are making tweaks just to achieve a desired look. 'Food manufacturers are adapting by the way they mold the product or the end color or texture they want the product to be,' he said."

Excerpt from CNN -- "Africa has all the foundations of what is needed to create a real vibrant luxury industry. We have the craftsmanship, we have the heritage, we have a very rich culture that doesn't date just 20 years but centuries, thousands of years of know-how and craftsmanship. So here is this continent where you have all the raw material, you have the know-how and also ancient know-how. The only link missing is that link to luxury."

Excerpt from BBC News -- "It's evidence of the deterioration of the finances of the national broadcaster and the amount of corruption that exists in the public sector in Greece."

Excerpt from the Financial Times -- "At New York University's Stern school, an Entertainment, Media & Technology specialisation can be taken as part of the MBA. The programme helps participants apply disciplines such as marketing and finance to the media and entertainment industries."

Excerpt from Financial Times -- "Stern’s revamped course – mandatory for second-year MBA students – examines ethics through the lens of moral psychology. The goal is not to wag the finger but to show how even those with the best intentions can face ethical traps. ... Prof Haidt says his students’ careers are like an epic 'hero’s journey' – one in which they will be severely tested and challenged. Students must 'recognise that there are societal forces impinging on [them] all the time', and that 'in the long run ethical behaviour and high professional standards do pay'."

Excerpt from New Zealand Herald -- "Academics Priya Raghubir and Joydeep Srivastava from New York and Maryland universities studied the specific mechanisms behind consumer spending according to payment mode and found that credit is treated as Monopoly money by consumers while spending cash reinforced the pain of paying."