Experience Stern | News & Events

Excerpt from Forté Foundation blog -- "Much work has been done to understand the reasons—both individual and institutional—behind the lack of diversity in leadership across all sectors. But much of the research and the resulting conversations have taken place without fully examining the model of leadership itself."

Excerpt from International Business Times -- "A growing number of high-profile economists, including Nouriel Roubini and former Treasury Secretary Larry Summers, have argued that inflation is too low and the labor market too weak to justify a rate hike. ... Though the effects of historically cheap credit are open to debate, some economists have cast Fed policy as an appropriate response to the recession. 'The Fed had enormous impact during the crisis,' said Schoenholtz. Though the effects of monetary policy are tough to isolate, Schoenholtz said, the Fed was 'critical in preventing a second Great Depression.'"

Excerpt from The Washington Post -- "'It’s going to generate some buzz and it’s a fun thing to do, but I think it’ll have limited if any commercial success,' said Samuel Craig, director of NYU Stern’s entertainment, media & technology initiative."

Excerpt from Marketplace -- "Scott Galloway, professor of marketing at NYU, said one reason those companies are still on board is that live sporting events are one of the few current television experiences that maintain a captive audience. 'In a digital age, it’s very hard to find scale,' he said. 'The temptation to get in front of a billion eyeballs is just too great.'"

Excerpt from Project Syndicate -- "The reality is that emerging markets that benefited after the 2008 crisis from China’s economic growth, rising commodity prices, and cheap foreign capital must now adjust to reversals in all of these factors. The necessary transitions for these markets will be complex, risky, and not entirely within their control."

Excerpt from Bloomberg -- "'Our sample size for this is pretty small,' said Kim Schoenholtz, professor of management practice and director of the center for global economy and business at New York University’s Leonard N. Stern School of Business. 'Saying that a valuation cycle and asset prices are time-driven would almost imply they have a regularity to them, which we know isn’t true.'"

Excerpt from Medical Xpress -- "'The general perception is that these taxes need to be substantial, at least 20% and often as high as 50%, to have a meaningful impact. This would be highly regressive since low-income consumers spend a greater proportion of their disposable income on food. Here, we have compelling field-based evidence that such taxes don't need to be high to be effective,' noted Singh."

Excerpt from AFP -- "Sundararajan says his research suggests people in digital labour markets often earn more than in traditional jobs. 'The evidence I have seen is that wages tend to go up when the work is related to physical presence,' as is the case with transportation, delivery or home services, he told AFP. With services that can be outsourced to distant locations, such as web design or translation, wages often fell."

Excerpt from GARP -- "'Nick Leeson is unlikely to convince serious professionals that he can add much to what they know. He is 20 years out-of-date,' says Roy Smith, professor of management practices at the Leonard N. Stern School of Business, New York University. 'What he did back then would never go undetected today,' Smith notes. ... Michael Pinedo, who teaches operational risk at NYU’s Stern School, says that Leeson 'put operational risk on the map,' and his celebrity helps to bring attention to an important subject. But there are limits to what he can impart to today’s executives 'because so many of the procedures have changed.'"

Excerpt from International Business Times -- "Aswath Damodaran is a professor at the Stern School of Business at New York University who focuses on corporate finance and valuation. He says unions will affect the cost structures of Uber and Lyft 'by making the independent contractor model that they are wedded to even less defensible than it is.' He also says they are likely to shake up the current revenue-sharing balance: The companies take in roughly 20 percent commission on each fare."

Excerpt from BusinessBecause -- "Both NYU Stern and Duke Fuqua business schools have brought bitcoin programs to their MBA students. ... 'Many of the major banks may use blockchain technology to create internal systems for transferring money across borders or between banks,' said David Yermack, professor of finance at NYU Stern."

Excerpt from Quartz -- "Fixing these problems is an enormously complex undertaking, but it’s a necessary one. Bangladesh’s garment industry has helped millions to escape poverty, and it’s not for the best if brands pull out of the country. The best solution, Labowitz and Baumann-Pauly write, is 'shared responsibility,' in which all parties acknowledge the scope of the problem, allow space for honest discussion, and act together to fix it."

Excerpt from BuzzFeed -- "'There’s no doubt that the problems affect their "brand promise" of being more than fast food,' said Irv Schenkler, professor of management communication at NYU Stern."

Excerpt from The Atlantic -- "In the wake of Rana Plaza, factory safety programs meant to improve fire and building protocols were agreed upon by politicians and several major brands such as Costco, Walmart, and Macy’s. But according to the NYU report, these agreements only cover 27 percent of factories and 45 percent of laborers who work for some of the largest and most advanced factories in the country. And for the most part, even the factories that fall under the purview of these programs haven’t completed the reforms necessary to make them safe. The holdup, the study finds, is a battle over who should pay for expensive electrical and structural upgrades—the factories or the brands that buy from them."

Excerpt from Commercial Observer -- "Under the extension, the existing rules continue. However, in the interim, lawmakers are contemplating a bill which would address the integrity and other noncontroversial portions of the reforms that were on the table. Whether or not this bill gains traction, the EB-5 negotiation process must resume as early as possible in early 2016 given that the extension will expire in only nine months and passing any major legislation in a presidential election year will pose a major challenge."

Excerpt from the Financial Times -- "Scott Galloway, founder of research firm L2 and professor of marketing at New York University’s Stern Business School, expects [social shopping] will continue to underwhelm because social networks are for social activities, not shopping. 'Social still plays a huge role in retail or a brands’ business, but it’s just not where the actual retailing gets done,' Mr Galloway says."

Excerpt from Dagens Næringsliv -- "New requirements for renewable energy will require massive investment. States and development banks have limited capacity. Much of the money must therefore come from the private sector, says Van Nieuwerburgh."

There are more than 7,000 garment factories in Bangladesh producing for the global fashion industry, 65% more than previous estimates. More than half of these factories are small and medium-sized indirect sourcing factories, meaning their workers produce for foreign brands through other, larger factories. These factories operate in the shadows. The result is that millions of workers in subcontracting factories fall outside the protection of international safety-improvement initiatives, and are especially vulnerable in a country where unsafe working conditions are a chronic problem. While global brands, governments in North America and Europe, and international lenders have announced commitments of more than US$280 million for the garment sector in Bangladesh, to date, only a handful of factories have been fixed.

Excerpt from Commercial Observer -- "'The U.S. real estate investment is a rainy-day fund and hedge against both risks about the Chinese market slowdown but also uncertainty about fears of being swept up in the anti-corruption campaign,' said Joseph Foudy, an economics professor at New York University. 'Keeping a percentage of their net worth outside the country and safe is more important than a particular financial return on their real estate investment.'"

Excerpt from Inc. -- "And small businesses could feel the pain more acutely if interest rates go up too rapidly, says Thomas Cooley, professor of economics and former dean of the New York University Stern School of Business. 'A lot of new jobs are generated by small and mid-sized businesses, and if the interest rate increases dramatically, it could slow investment to this sector,' Cooley says, adding that the increase in interest rates is also likely to further strengthen the dollar. That in turn could hurt exports."

Excerpt from WIRED -- "The Copyright Royalty Board is supposed to set fair rates that reflect songs’ hypothetical market value if a truly open marketplace existed. 'The numbers they have chosen in the past have been wildly controversial, but in a world of zero marginal costs, it is difficult to set rates that make obvious sense,' says William Greene, a New York University professor, who researches the economics of the entertainment and media industry. 'The CRB is casting about for a set of numbers that cause as little disruption as possible.'"

Excerpt from WalletHub -- "While I think that there are reasons to be optimistic about technological innovation that will drive growth in the U.S., these gains will be modest for the time being. As for underlying problems, although there are a couple areas of disquietude, they do not seem large enough to trigger a downturn in the near future. External factors are a significant source of uncertainty for the U.S. in the coming year, the greatest of which is the risk of a bigger slowdown in the Chinese economy. While I think the chances of this are high and that it would have a significant impact on the U.S., that impact would contain offsetting features."

Excerpt from Reuters -- "'It is a market that is a regulatory thicket designed to protect the taxicab business,' said Aswath Damodaran, professor of finance at New York University's Stern School of Business."

Excerpt from Diario Del Puerto -- "... the Indian economist Pankaj Ghemawat, a professor at the Stern School of Business at New York University and at the IESE Business School in Barcelona, ​​has provided information that would show that only 2% of all phone calls in the world are international; only 9% of investments are global; only 15% of all Facebook friends are foreigners; less than 20% of data traffic on the Internet is between different countries and exports account for only 20% of world GDP. ... According Ghemawat, the pace of globalization is not as fast and the overall level of global connectivity has not yet returned to its historical high of 2007."

Excerpt from Bloomberg -- "I think part of the reason we use forecasts [is that] it makes us feel better. I think that's basically it. It's like comfort food. You know it doesn't work, but you still listen to it. It's great storytelling."