Experience Stern | News & Events

Excerpt from OZY -- "Thanks to the data economy, being in charge of a company’s 'information' means, well, being in charge of the company itself. This has the CIO doing more than the classic management of tech and infrastructure systems, says Prasanna Tambe, associate professor of information, operations and management sciences at NYU Stern School of Business. It also means setting organizational culture, overseeing major budgets and investment decisions — not to mention navigating a confusing landscape of colleagues whose roles are also changing."

Excerpt from Engineering.com -- "Deepak Hegde, Assistant Professor at NYU Stern School of Business, studied the new patent rules and found that the changes did make better quality patents. He said, 'When we examine indicators of patent value, we find consistent evidence that the least-valuable and least-impactful patents are those that opted for pre-grant secrecy.'"

Excerpt from The New York Times -- "Still, the trend in campaign stores, even in the more basic emporia, is limited-edition merchandise geared to specific events: LGBT pride, in the case of Mrs. Clinton and Mr. Sanders (think rainbow stripes); Father’s Day in the case of Mr. Paul. Such collections provide not only another reason to shop/donate, but also insight into what issue may be most important to a particular supporter. 'It’s a signal,' said Scott Galloway, the founder of the digital research firm L2 and a clinical professor of marketing at the New York University Stern School of Business. 'I would say a faint signal, but definitely a signal.'"

Excerpt from Bloomberg View -- "'The [employer/contractor legal] dichotomy makes the provider-platform relationship more adversarial than it needs to be, which hurts platform culture,' Arun Sundararajan, a New York University professor who has done much research on what is often called the 'sharing economy,' said in an e-mail when I asked him about this. 'It introduces an artificial distance.'"

Excerpt from CNBC -- "There are two big problems with the current automatic substitution system. First, generics are not identical to the branded drug. Generic drugs only have to meet the standard of 80 percent to 125 percent of the bioavailability of the referenced drug ... The second problem with automatic substitution is that it forces branded companies to subsidize generics, undermining competition and innovation ... We should instead be looking for ways to make clinical testing more efficient, and generally lowering the entry barriers to competition among branded pharmaceutical companies."

Excerpt from Baterii blog -- "What if we really looked at a whole range of different possible answers when we look at a problem? 'What if you had five answers instead of one answer, and then you debated the strong and the weak points of each?' says Wolff. If we, as individuals and teams, can actually get into the habit of saying, 'What if there were better solutions?' we could come up with many valuable, new-to-the-world answers."

Excerpt from Forbes -- "The startup plans to use the money to work on its product and hire staff in sales and marketing, but also to bring optometrists in-house to join its 13 staff today. In-house professionals will allow Smart Vision Labs to test new use cases for the startup’s products by using their expertise with actual patients, Albanese hopes. The company aims to double its doctor customers to 400 by the end of the year."

 

Excerpt from Financial Times -- "Ms Fuchs, who covers Chinese economic news, is on-air each day at 4pm and 9pm and does a variety of breaking news stories and features. Ms Fuchs graduated from the MSGF programme last month and already applies the knowledge she gained in her day-to-day work. 'Now I see how everything is linked. I don't consider myself an expert but I now understand credit derivatives, the fixed-income market and initial public offering mechanisms,' she says."

Excerpt from Bloomberg -- "One of the reasons this is a good deal for the United States is because, within a year, certainly by the end of 2016, we will see a million additional barrels [of oil] a day of production coming on line from Iran. That's why America's ally, the Saudis, really don't want a deal. And I don't blame them. But the problem is, the Americans and the Saudis have very different interests, on this and on many other things. And so the United States is pushing for something that is clearly an unmitigated good for the American economy. If the Iran deal happens, OPEC is effectively destroyed."

Excerpt from The Wall Street Journal -- "Over the past 40 years, lower-risk banks haven’t had lower costs of equity, according to a paper recently published in The American Economic Review. 'All else being equal, making regulated banks less risky may actually raise their cost of capital,' argue the authors, Malcolm Baker of Harvard Business School and Jeffrey Wurgler of New York University’s Stern School of Business."

Excerpt from Barron's -- "A Greek debt deal 'looks like it is going to happen,' according to Nicholas Economides, a professor of economics at the Stern School of Business at New York University, speaking on Bloomberg radio. Economides said that implementing the deal and getting political support behind it are big tasks, but he emphasized the “tremendous pressure” for the Greek government to avert a default and capital controls."

Excerpt from the Financial Times -- "Health coverage, insurance against workplace injuries, paid vacations and maternity leave: these have long been universal entitlements in many economies. They should not become exclusive perks for a dwindling band of salaried employees."

Excerpt from BBC -- "It's extremely difficult to reach an agreement today because they [the Greek government and the EU leaders] haven't reached an agreement on lower levels on the technical ground...I think there are two major issues in this agreement. One has to do with balancing the budget and having a bit of surplus. And the other one is balancing the payments to pensions..."

Excerpt from Charlie Rose -- "It's between Greece and Germany, but it's also between the Greek leadership and their own people. They need to have enough of a sense of crisis internally so that when they make a deal -- and they want to make a deal -- that they don't lose their government, that they don't have defections from Syriza that make it impossible for Tsipras to win. So it's an incredibly difficult position. And from the beginning, it should have been abundantly apparent that this deal had to go down to the wire for that very reason."

 

Excerpt from Financial Times -- "Even some experienced investment professionals are drawn to the MiF [Masters in Finance], either as a replacement for or as a complement to the CFA, according to Kasper Meisner Nielsen, associate professor of finance who teaches in the Hong Kong University of Science and Technology-NYU Stern Masters in Global Finance (MSGF) programme. The programme is an 'executive-level” masters where “most students have 10 or 11 years of work experience', he says."

Excerpt from Xinhua -- "I personally think that what Twitter needs is a CEO who can increase user adoption, and align their strengths more clearly with the company's strategy and revenue model. So it's got to be a very product-focused CEO, rather than a tech-focused CEO, because I think that their technology is extremely good, it's more of a question of coming up with a good solution for new customers... Someone who understands the customer experience, rather than is focused on the capability of the product."

Excerpt from TIME -- "The massive breach of the Office of Personnel Management a couple weeks ago made headlines, but Washington has been fending off cyber-attacks for years now. The federal government suffered a staggering 61,000 cyber-security breaches last year alone. This most recent wave of hacks exposed the records of up to 14 million current and former US government employees, some dating back to 1985. Compromised information includes Social Security numbers, job assignments and performance evaluations. This is dangerous information in the hands of the wrong people, which by definition these hackers are. There is a good reason why the U.S. Director of National Intelligence ranks cyber crime as the No. 1 national security threat, ahead of terrorism, espionage and weapons of mass destruction."

Excerpt from Poets & Quants -- "My favorite professor is Dolly Chugh because I’ve been able to learn from her inside and outside the classroom. Inside the classroom, it is evident that she puts a lot of thought into her lectures and experiential activities. Outside of the classroom, she has worked with several student clubs to host events focused on pushing dialogue further at Stern and to help Stern form a more inclusive community. On a more personal level, she is also an incredible moderator, speaker, mentor, and accomplished researcher and has been a valuable member of my support team during my time at Stern."

Excerpt from Big Data -- "One trend appears quite certain: as the data emanating from the markets and society continues to increase, artificial intelligence approaches will grow and offer alternative ways of investing. Robots are more likely to be embraced by millenials than by the baby boomer generation that abdicated investing mostly to human advisors. A proliferation of robots does raise the tantalizing possibility of machines competing with other machines in the way humans have done in the past."

Excerpt from FriendFactor -- "Congratulations to this year's #1 ranking school, the NYU Stern School of Business! Stern came up from the #7 spot to take 1st place with a whopping 98% participation among their student body, activated through 28 activities including an ally training series and a massive April Ally Week."

Excerpt from Los Angeles Times -- "'He's the person that set up the financial system,' Sylla said. 'He may have been the most important figure in terms of setting up this country.'"

Excerpt from Bloomberg -- "'The extreme economic uncertainty coupled with fears of currency change have driven withdrawals to unprecedented levels, wiping in four days the cushion of about 3 billion euros of the Greek banking system,' said Nicholas Economides, professor of economics at New York University’s Stern School of Business."

Excerpt from Citywire -- "Jennifer Carpenter and her co-researchers at NYU Stern School of Business suggested last year [the diference between China's A share and other markets] might be due to the isolation of the domestic market, effectively bidding up the cost of funding, this would have a larger effect the greater the ratio of equity capital to capital expenditure. '[This] amounts to an inflated cost of equity capital, constraining the investment of China’s smaller, more profitable enterprises,' they said."

Excerpt from The New York Times -- "'The real question is not when they start but how fast and how high they go,' said Kim Schoenholtz, an economist at New York University. 'And what we’ve seen is they keep scaling back the equilibrium rate they intend to reach and the pace they intend to get there.'"

Excerpt from L2 ThinkTank -- "When Facebook first went public, I valued it as a Google wanna-be — a company that if it was like Google would be a success. … When I value Facebook today, I no longer value it as a Google wanna-be. … Google is going to be the Facebook wanna-be in this market." -- Aswath Damodaran