Experience Stern | News & Events

The U.S. Securities and Exchange Commission (SEC) brought 44 new enforcement actions against public companies or their subsidiaries (public company–related defendants) in the first half of fiscal year 2017, according to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research. Issuer Reporting and Disclosure remained the most frequent type of allegation against these defendants.

On May 9, the NYU Stern Ross Institute and Salomon Center will co-host a conference entitled, “The Changing Role of Stock Markets in Capital Formation”. 

On May 9, the NYU Stern Center for Real Estate Finance Research, Salomon Center, and S&P Global will host a conference entitled “Risk Insight Live: Risky Management For Commercial Real Estate Financial Markets Agenda.”

Excerpt from The Daily Beast -- "[Haidt's] latest project, The Viewpoint Diversity Experience, 'takes students on a six-step journey, at the end of which they will be better able to live alongside—and learn from—fellow students who do not share their politics.'"

New York University Stern School of Business is launching a new category of specialized MBA, optimized for MBA seekers who are firmly committed to business careers either in technology or in fashion and luxury.    

Excerpt from Poets & Quants -- "I chose Stern because I felt it was the best place for me to take a multi-disciplinary approach to my intended specializations of real estate, finance, and social innovation & impact. New York City had already become a second home for me, and the opportunity to be in school in downtown Manhattan and the access that provides — as well as the diverse, interesting people it attracts — was a really exciting prospect."
 

Excerpt from Poets & Quants -- "For a school that has recently introduced initiatives ranging from a center focused on human rights and business to a specific financial technology (fintech) track for full-time MBAs, an emphasis on constant programmatic innovation is something Stern has embraced, Henry says. 'This is a really exciting time.'"

Excerpt from Barron's -- "In a recent conversation with Barron’s, Lev pointed to one such clue for Amazon: Though it holds fewer patents than Alphabet, its patents are cited more often in filings by others, suggesting they’re more valuable. ... Amazon has changed the relationship between companies and investors by replacing profit with growth and vision, according to a colleague of Lev’s, Scott Galloway, an NYU marketing professor and founder of digital-research platform L2. 'Loss is the new black,' he told attendees at a conference last month, citing the willingness of upstarts like Uber to lose steep and growing sums. 'You can argue this might not end well…but the reality is retail investors love this model.'"

Excerpt from The New York Times -- "For the moment, the stock market remains entranced with what Apple is doing financially, and for understandable reasons. Apple may no longer be a great growth company but it is still extraordinary, said Aswath Damodaran, a New York University finance professor, who has analyzed Apple’s earnings closely since 2010. Come what may, he said, Apple churns out staggering quantities of money with metronomic regularity. 'Apple is the greatest corporate cash machine in history,' he said in an interview. 'We should appreciate that amazing achievement. The problem is, it’s not growing much. It’s a slow-growth cash-generating machine.'"

Excerpt from The New York Times -- "'It is important to remember when we talk about investors in the bond market, we’re not talking about Mom and Pop sitting around the dining room table figuring out what to do with their 401(k),' Professor White said in an interview. 'The overwhelming bulk of bond holdings are by institutions that you’d expect would have enough expertise to figure out who’s a good advisory firm.'"

Over 500 students, alumni and faculty members from 17 schools and divisions across NYU’s global campuses entered the Entrepreneurs Challenge, hosted by the W.R. Berkley Innovation Labs.

Over 500 students, alumni and faculty members from 17 schools and divisions across NYU’s global campuses entered the Entrepreneurs Challenge, hosted by the W.R. Berkley Innovation Labs.

Excerpt from WIRED -- "'Airbnb is clearly the market leader in home sharing, and it has its eye on the public market in the not-so-distant future,' says Arun Sundararajan, a business professor at New York University who studies the so-called sharing economy. 'It’s good for them not to have outstanding lawsuits—it reduces the perceived regulatory risk.'"

Excerpt from Bloomberg -- "More lenders may be interested in these kind of deals as data continues to show 'that companies with good sustainability performance tend to have lower risk and thus lower cost of capital,' Tensie Whelan, director of the Center for Sustainable Business at NYU Stern School of Business, said May 1. 'It is a win-win — it rewards better sustainability performance by companies, reduces risk for lenders, and provides value to society.'"

Excerpt from The Economist -- "A book published in March by academics at the Stern School and NYU’s law school, 'Regulating Wall Street: CHOICE Act vs Dodd-Frank', compares the two acts, section by section. It argues that Dodd-Frank has made the American financial system safer, both since the crisis and relative to those of other large countries; but its many pages and associated rules have not got to the heart of systemic risk, and are more burdensome than necessary."

Excerpt from Reuters -- "'This is central to Uber,' said Arun Sundararajan, a professor at New York University and author of the book 'The Sharing Economy,' noting that Uber has more at stake than some of its rivals. 'If Google can't launch their self-driving car for 10 years instead of five, this will be a little blip in Google's multibillion-dollar revenue. Uber is the one that really depends on it.'"

Excerpt from Reuters -- "They found that the investment gap is driven by firms in sectors with less competition which elect to prioritize financial engineering and share buybacks over investment. Interestingly, these firms tend to be owned by institutional shareholders which shadow the equity indices, and who perhaps prefer short-term management, in line with their own career risk, over long-term investment."

Excerpt from The New York Observer -- "'Amazon has essentially changed the relationship between companies and shareholders,' Galloway said. 'And that is, it has replaced profits with vision and growth.'"

Excerpt from The Atlantic -- "Sarah Labowitz and Dorothée Baumann-Pauly, the authors of the study, found that of the 3,425 inspections that took place in Bangladesh in the wake of the Rana Plaza collapse, only eight factories have fixed enough of their violations to pass a final inspection, despite the fact that brands, nonprofits, and other organizations have poured more than $280 million into safety-improvement efforts. Labowitz and Baumann-Pauly estimated that the two 2013 safety initiatives still left out more than half of the country’s 5.1 million garment-factory workers."

Excerpt from Bloomberg -- "The big thing I think is the sort of uncertain rewards that you get from any interaction with online media. So if you post something, you're wondering whether people will engage, whether they'll reply, whether you'll have likes and comments and shares. Humans find that absolutely addictive. We're fascinated by what other people think of us more than pretty much anything else."

Excerpt from CNNMoney -- "Roubini argued that the 'biggest uncertainty in the world and biggest tail risk comes from the economic, foreign and security policies of the Trump administration.' The New York University professor explained that because the US is the world's biggest economy, the consequences of a 'severe policy mistake' can be enormous."

Excerpt from CNBC -- "'Accumulating cash is actually the end product of a good investment. Be glad that not every company is a cash-burning machine. You need cash-accumulating companies like Apple to help,' he said, noting that theoretically, shareholders could use the extra capital they earned from Apple's stock to invest in Tesla or Uber so Apple doesn't have to do that for them."

Excerpt from HBS Working Knowledge -- "Joan Farre-Mensa, Deepak Hegde, and Alexander Ljungqvist examine the implications in the working paper What is a Patent Worth? Evidence from the U.S. Patent ‘Lottery.’ 'Using unique data on all first-time applications filed at the U.S. Patent Office since 2001, we find that start-ups that win the patent ‘lottery’ by drawing lenient examiners have, on average, 55% higher employment growth and 80% higher sales growth five years later,' they write."

Excerpt from Quartz -- "During a panel discussion hosted by New York University’s Stern School of Business and the McKinsey Global Institute last week, Wegner, a ‎managing partner at Union Square Ventures, argued that humans will continue to have a competitive advantage over robots and algorithms… because they’ll be so poorly paid."

This program is intended for those who wish to rethink the habits that have made them successful in the past, and challenge the conventional wisdom and industry models that have defined their businesses. To achieve these objectives, this course combines presentations and discussions with practical exercises so that participants can apply disruptive leadership principles to business issues and scenarios.