Experience Stern | News & Events

Excerpt from Fast Company -- "I think the work from home trend is a double-edged sword, but it’s mostly good for them. I’m not sure it’s good for their employees. What I think big tech workers fail to realize is that if your job can be moved to Denver, there’s a decent chance it can be moved to Bangalore. I think Mark Zuckerberg’s greed glands are going to say, yeah, by all means, let’s figure out how we can move your job to Chicago. And then we’re going to keep moving it further and further east and cut costs."

Excerpt from FindMBA -- "At NYU Stern School of Business MBA students can join the NYU Startup Online Hub where they can discover and share startup job opportunities with the student body and alumni network. They can also highlight their skills and interests via an individual profile. On the platform students can also ask for help and share advice on working at a startup."

Excerpt from Axios -- "While high-profile "mega-bankruptcies" such as Hertz and J. Crew make headlines, the total number of bankruptcies involving more than $100 million in debt is likely to be substantially lower this year than we saw during the last recession. That's according to NYU business school professor Edward Altman, who sees 192 such filings in 2020, compared with 242 in 2009."

Excerpt from Barron's -- "Aswath Damodaran has taught tens of thousands of students at New York University’s Stern School of Business how to value stocks. Outside of the classroom, he is one of the best-known experts on valuation, and is often the go-to source when reporters are trying to understand how a hot new company can have metrics that seem to defy conventional analysis."

Excerpt from Quartz -- "Advocates say that these and other problems have only intensified as large companies began buying and consolidating nursing home franchises. Around 70% of nursing homes in the US are under for-profit ownership, and, since the 2000s, private equity firms have purchased many facilities, hoping to cut costs and increase profits. One recent analysis, published by the New York University Stern School of Business, found 'robust evidence' that private equity buyouts were linked to 'declines in patient health and compliance with care standards.'"

Excerpt from U.S. News -- "International edge: Stern MBA students who specialize in global business can study emerging financial markets, international social impact strategies and similar topics, according to the school's website."

Excerpt from The Academic Minute -- "Applications of artificial intelligence or “AI”—the use of computer software that relies on highly sophisticated, algorithmic techniques to find patterns in data and make predictions about the future—have grown in number and variety over the past decade. AI is now embedded in many products and services that businesses and consumers use in daily life, including for example internet search and road navigation."

Excerpt from Poets & Quants -- NYU Stern School of Business Dean Raghu Sundaram calls Trump’s move a 'zero-sum presupposition' and says it will damage the U.S. economy in ways that will hurt all Americans. 'We are deeply disappointed by the restrictions placed on high-skilled immigrants coming to the United States,' he tells P&Q, 'and by the zero-sum presupposition behind this move. These restraints will restrict innovation, economic recovery, and the potential for economic growth, hurting all Americans. Last fall we, along with many of our peers, signed an open letter to U.S. policymakers with GMAC to stress the importance of international mobility to the global economy — a position that has taken on new urgency and by which we unambiguously stand today and re-endorse.'"

Excerpt from American Entrepreneurship Today -- “'A common startup trap many would-be entrepreneurs fall into is developing a solution in search of a problem,' said Professor Cynthia Franklin, director of the Berkley Center for Entrepreneurship. 'With the help of our rigorous process, each of these teams identified a demonstrated and compelling market need as well as a clear path forward.'"

Excerpt from SF Chronicle -- "Arun Sundararajan, an NYU business professor who studies the on-demand economy, agreed that ride prices would rise if drivers were employees. In addition, 'I think service availability is bound to suffer because this is a market that works very well,' he said. 'The extreme flexibility that Uber and Lyft provide workers now makes it much easier to cover the high-demand periods.'”

Excerpt from Bloomberg -- "There’s a danger here. As Thomas Philippon documented in his book, 'The Great Reversal,' the EU has become more competitive than the US. Its antitrust regime isn’t perfect: For example, it has cleared too many horizontal mergers. However, the increase in markups (as measured by higher profit margins) after these deals has been generally less steep than in the U.S. because the market has remained more open."

Excerpt from Business Insider -- "Research from NYU Stern's Center for Sustainable Business, as reported by Harvard Business Review, says products with a sustainability claim made up 16.6% of sales in 2018, up from 14.3% in 2013."

Excerpt from The Washington Post -- "So policymakers should not wait to act, said Acharya, an economics professor at New York University’s Stern School of Business. For now, interest rate increases are a non-starter given the economy’s profound weakness. But the Fed should require banks to beef up their reserves against potential losses by halting dividend payments, he said. 'You have to ensure that banks have enough capital on the balance sheet that you can afford to let these firms go bankrupt,' Acharya said. “It’s not about what’s happening right now. It’s whether you have created resilience in the financial sector to deal with what is a plausibly weak outlook.'”

Excerpt from Forbes -- “'GE wants to somehow signal to the marketplace that things are going to change,' with the auditor switch, said Joshua Ronen, an accounting professor at New York University’s Stern School of Business."

Excerpt from Vogue -- "Micro-communities act like a backstage pass or an Amex Centurion card by 'making people feel special', says Forrester’s Kodali. Private messaging and communities have the potential to boost customers’ brand empathy, which has a direct impact on brand loyalty, adds Jared Watson, assistant professor of marketing at NYU Stern School of Business. 'It allows brands to craft individualised messages for each subgroup of consumer rather than a one-size-fits-all approach.'"

Excerpt from Los Angeles Times -- "Even when Black and white households have similar financial resources, there’s still not the same level of access to commercial loans, said Rachel Atkins, a post-doctoral faculty fellow in the management and organizations department at the NYU Stern School of Business. For example, Atkins’ research is showing that Black homeowners weren’t as able to use their home equity for start-up capital as white homeowners could. 'There’s just too much evidence that Black business owners are not able to access commercial lending to the same degree,' Atkins said."

Excerpt from The Washington Post -- “'Unfortunately, if the company gives users a new way to express themselves, some of those users are likely to take advantage of the situation to spew the sort of harmful content that has long been associated with Twitter,' said Paul Barrett, deputy director of the NYU Center for Business and Human Rights."

Excerpt from Business Standard -- "Even Facebook moderators do blunders. Tasked with reviewing about three million posts a day, Facebook moderators make about three lakh mistakes in 24 hours in deciding what should stay online and what should be taken down, according to a new report from New York University's Stern Center for Business and Human Rights."

Excerpt from Forbes -- "According to Adam Alter, a professor at New York's Stern School of Business, the author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked , we will find ourselves in a kind of autopilot as the 'sliding down' of all the news on Pinterest."

Excerpt from The New York Times -- "Edward I. Altman, the creator of the Z score, a widely used method of predicting business failures, estimated that this year will easily set a record for so-called mega bankruptcies — filings by companies with $1 billion or more in debt. And he expects the number of merely large bankruptcies — at least $100 million — to challenge the record set the year after the 2008 economic crisis."

Join the NYU Stern Center for Business and Human Rights for an hour of timely discussion and audience Q&A on one of the most pressing issues facing the social media industry and its billions of users: How are Facebook, Twitter, and YouTube carrying out the crucial function of content moderation?

Dean Raghu Sundaram and Professor Dolly Chugh engaged in a wide-ranging discussion, touching on a variety of topics including how to fight unconscious and systemic bias, different approaches to pursue social change and social justice, and the value of being a good-ish person.

Excerpt from Australian Broadcasting Corporation -- "In my view, COVID-19 is going to be quite dynamic and subpar, because this is not just the natural disaster, it's also a crisis of the time where both corporations have too much debt and therefore given them uncertainty on their hands, on the second wave, on economic insecurity coming from job losses."

Excerpt from Financial Times -- "Those working from home might be right to feel that out of sight means out of mind. Batia Wiesenfeld, a management professor at New York University’s Stern School of Business, says research has shown that 'if you look at the pay and promotion outcomes [of those working from home] and adjust it for their higher performance, they were disadvantaged relative to people in the office. We know that if [workers] are remote, it’s better if their manager is also remote.'"

Excerpt from Poets & Quants -- “'Dolly Chugh has been my favorite professor, and I’ve taken both her Leadership in Organizations and Managerial Skills classes. While I thought business school would be all “hard skills” classes, I’ve enjoyed the opportunity to hone my interpersonal skills and focus on the kind of leader I hope to be. Her interactive classes are inclusive of many learning styles, and I also loved reading her book, The Person You Mean to Be: How Good People Fight Bias. Each class session leaves me energized and excited to implement a new workplace management tool.'"