Experience Stern | News & Events

Excerpt from Business Insider -- "Peter Henry, Dean of New York University's Stern School of Business and author of 'Turnaround: Third World Lessons for First World Growth,' says there is still time for emerging markets to make some changes: 'The best time for structural reform in emerging markets would have been from the outset of the Fed's QE program, before tapering,' he said. 'The second-best time is today, but next week is better than never.'"

The NYU Stern Salomon Center and The Clearing House will host the second installment of the Gallatin Lecture Series on Banking, featuring speaker Gary Gorton, on Monday, May 4.

Excerpt from Bloomberg -- "'The risk of an unraveling occurs if there is an accident, and Greece decides to go into arrears in their payments to the IMF,' Nouriel Roubini, chairman of Roubini Global Economics, said on Bloomberg Television on April 28. 'The Greeks know that if an accident occurs it’s the beginning of potentially Grexit.'"

Excerpt from Financial Times -- "'How and what we learnt was of a different variety because the whole business environment was so different,' [Goldfrank] recalls, adding that this was in itself valuable in that it showed the challenges of operating in such a different economy. The pace of change in Cuba, where no business school yet exists, is a subject of debate. Tom Pugel, vice-dean of MBA programmes at Stern, is more confident than many of his academic peers and predicts that the country will have its own business school in five years."

Continuing an annual tradition, NYU Stern faculty and guests gathered to celebrate the School’s community of scholars and to recognize excellence in research and scholarship, excellence in teaching, excellence in mentorship, excellence in influence and excellence in innovation.

Excerpt from The New York Times -- "Universities need to move from defensive — fending off divestment campaigns — to a more affirmative approach, exploring how to generate solid financial returns while rewarding long-term, sustainable business practices. To maximize their impact, those with the largest endowments should join together to develop common standards and metrics by which they will determine which companies merit their investments."

Excerpt from Outside Magazine -- "Kilduff pored over six years of race data from a U.S. running club. After identifying pairs of rivals, he studied their results. The effect of racing a rival showed improvement by as much as five seconds per kilometre. That’s enough to shave 50 seconds off your next 10K."

Excerpt from The Washington Post -- "Scott Galloway, a professor who teaches marketing and branding at New York University’s Stern School of Business, said he is skeptical that Jet’s pure e-commerce model can result in a viable business. 'I think [Jet] is a retailer designed by a consultant that makes sense in theory and has trouble in execution,' Galloway said."

Excerpt from LinkedIn -- "Department stores are alive and well in 2015. Frequently dismissed as dinosaurs outmaneuvered by digital players, department stores can not only survive the dramatic fall-off in foot traffic seen over the past few years but will ultimately fare better than pure-play e-commerce. Contrary to long-held conventional wisdom, department stores will be among the biggest winners in retail."

At the conclusion of an eight-month competition, NYU’s most promising innovators received a combined $200,000 in start-up cash at the annual $200K Entrepreneurs Challenge, held by NYU Stern’s Berkley Center for Entrepreneurship & Innovation.

Excerpt from The Huffington Post -- "I can have all of the book learning in the world, but I must be able to see the situation, accurately assess it, and effectively apply the right knowledge. I now know that if I want to succeed as a leader I must daily train my brain to be ready for these challenges as a leader. The next time a prospective student asks me what I find challenging about business school, I will still say juggling. However, I can now confidently offer them a solution: 'Let me tell you about Stern's mindfulness program.'"

At the conclusion of an eight-month competition, NYU’s most promising innovators received a combined $200,000 in start-up cash at the annual $200K Entrepreneurs Challenge, held by NYU Stern’s Berkley Center for Entrepreneurship & Innovation.

Excerpt from Bloomberg -- "Collective bargaining is a poor fit for tech companies, says Melissa Schilling, a management professor at New York University’s business school. 'When you have an industry with a lot of technological change, you really need to preserve your ability to be nimble,' she says."
 

Excerpt from The Washington Post -- "One of the messages of Haidt’s book The Righteous Mind is that the left and the right tend to have different moral 'foundations,' by which he means that they get emotional and intense about different kinds of moral situations. In Haidt’s analysis, it isn’t that the left (or environmental left) lacks emotionality, but rather that conservatives sense a broader suite of moral foundations related to loyalty, respect for authority, and disgust — as well as the more typically liberal moral foundations related to fairness and protecting the vulnerable from harm."

Excerpt from Marketplace -- "'When investors think all this stuff is implicitly guaranteed, nobody’s doing credit analysis, nobody’s kicking the tires,' says Jennifer Carpenter, associate professor at NYU's Stern School of Business... 'The role of deposit insurance is actually to tell people what’s not insured,' says Carpenter."  

Excerpt from USA Today -- "Taking a trip down memory lane isn't new for marketers, who use nostalgia to connect products to our 'need to love and be loved,' according to Scott Galloway, a clinical professor of marketing at New York University Stern School of Business... 'The idea of connecting emotion to a product is to a certain extent the definition of branding,' Galloway says."

Excerpt from BizEd -- "The Foreign Policy Association (FPA) has awarded its Foreign Policy Association Medal to Peter Henry, economist and dean of New York University’s Stern School of Business. The FPA recognized Henry for his contributions to raising the public’s awareness of, understanding of, and participation in American foreign policy, as well as for his role in preparing future business leaders for a global economy. Past winners include former Secretary of State Hillary Clinton; William C. Dudley, president and CEO of the Federal Reserve Bank of New York; and Mo Ibrahim, founder of the Mo Ibrahim Foundation."

Excerpt from TIME -- "In Japan, Abe has the political capital to apologize for historical aggression, but chooses not to. Japan is too important to Obama’s 'pivot to Asia' strategy to risk estranging its leaders, especially with the critical Trans-Pacific Partnership trade deal on the horizon. If the pivot to Asia is to succeed and Japan’s new foreign policy ambitions are to be realized, America’s democratic allies in Asia need to find a way to move forward. Abe is talking in the U.S., but what matters is whether Asia is listening."

Excerpt from Politico -- "Pankaj Ghemawat of IESE Business School in Barcelona has estimated that foreign direct investment accounts for only 9 percent of all fixed investment worldwide. What is more, examining private finance alone is misleading. Many countries have public development banks, including export-import banks like America’s, whose mission is to promote national infrastructure development or to finance foreign sales of national companies. These embody statist mercantilism, the opposite of liberal globalization. Ghemawat and his colleagues have created a DHL Global Connectedness Index, which calculates that global connectedness is in decline—partly because of the rise in regionalism noted above."

Excerpt from Newsweek -- "...you need to be open to hearing criticisms of the campaign rather than just evidence in its favor. When companies or brands are launching a new advertising campaign, they often 'try to confirm what they would like to do rather than play devil’s advocate,' Raghubir says."

Excerpt from Financial News -- "Deutsche Bank’s strategy of limiting low return balance sheet positions is neither radical nor new. UBS and Morgan Stanley announced long ago their intentions to reduce reliance on capital markets businesses but retain their investment banking franchises. Barclays is constraining its fixed income unit. Credit Suisse has been pruning around the edges of trading businesses, and under new management this summer may cut further. Goldman and JP Morgan Chase have already cut back sufficiently to deliver returns near their cost capital."

Excerpt from CNNMoney -- "'The solution can't just be to send more police in the streets or the National Guard. People are desperate. We have to deal with this issue of poverty, of unemployment and economic opportunities,' the New York University economist known as 'Dr. Doom' said."

Excerpt from TIME -- "We live in a constantly evolving world. Companies are changing the way they do things. New industries and types of companies are emerging. Having an MBA will ensure you are prepared to flourish in this environment. An MBA gives you a broad base of business knowledge, the confidence and the network to embark on any kind of opportunity, whether it’s at your current organization, a new one or in your own business."

Excerpt from The Guardian -- "...Bangladesh’s garment sector remains a risky place to do business and a dangerous place to work. An April 2014 report by the NYU Stern Center for Human Rights found that industry efforts to improve factory conditions had affected fewer than 2,000 of the estimated 5,000-6,000 workplaces. Complicating the issue, hidden subcontractors do much of the country’s textile manufacturing work. 'The worst conditions are largely in the factories and facilities that fall outside the scope of these agreements,' the report said."

Excerpt from Project Syndicate -- "A further slowdown in China is a distinct possibility. China’s leaders must do what it takes to ensure that such a slowdown is not viewed as secular trend – a perception that could undermine the consumption and investment that the economy so badly needs."