Experience Stern | News & Events

The CEO Investor Forum and NYU Stern Center for Sustainable Business are calling for leading companies to adapt and identify new ways to demonstrate value to investors. A new research paper written in partnership between the two organizations found that for companies to move the markets away from “short-termism,” and focus on long-term value creation and stakeholder engagement, they must increase the volume, quality, and prominence of ESG-related information and disclosures shared on the quarterly earnings call.

Dean Raghu Sundaram and Professor Jonathan Haidt engaged in a wide-ranging discussion, touching on a variety of topics including the impact of social media on democracy, the importance of human connection, and what morality looks like in a pandemic.

Excerpt from FindMBA -- "FIND MBA has updated its shortlists of the top 10 MBA programs by specialty for 2020. These Top 10 Lists—which group the best MBA programs for specific industry areas and business functions—are designed to help potential applicants quickly find the best MBA programs for their career goals. The lists take into account employment data, MBA concentrations on offer, research capacity, and other factors to help future MBA students find some of the best business schools for careers in various industries and functions."

Excerpt from InvestorPlace -- "When Peloton launched its IPO, NYU Stern finance professor Aswath Damodaran estimated that the shares were worth between $18 and $19, about 36% below its IPO price. 'I think the problem here is you have fundamentally a good business model, but I just don’t think it can scale up enough to justify the market cap,' Damodaran said last September."

Excerpt from PBS -- “These are the eternal debates in American history,' said Richard Sylla, a professor emeritus of economic and financial history at New York University. 'It’s a bit like what Andrew Hamilton was facing in 1790,' he said, describing the plan to have the new federal government assume the Revolutionary War debts of the states, despite protests of a bailout. It was, he said, as Hamilton framed it, 'the price of liberty.'”

Excerpt from Forbes India -- "Commonly known as the ‘dean of valuation’, Aswath Damodaran, professor of valuation at Stern School of Business at New York University (NYU), discusses his book Narrative and Numbers, how to value companies during the Covid-19 pandemic, challenges for emerging markets, why venture capitalists don't value companies and more."

Excerpt from Financial Times -- "In his book The Great Reversal, Thomas Philippon, a professor at the New York University Stern School of Business, argues that the US has given up on free markets while Europe has finally embraced them. Twenty years ago, air travel, telephone services and internet access were all significantly cheaper in the US than in Europe. Nowadays, thanks to the concentration of corporate power in the US and the increasing competitiveness of the European single market, the reverse is true"

Excerpt from The Atlantic -- "Haidt’s writing and interviews, and our conversations, have clarified for me why we are so tempted to surround ourselves with only like-minded people and caricature those with whom we disagree. He has helped me understand why intellectual honesty is so elusive, why our divisions run so deep, and what steps we need to take to overcome the antipathy that characterizes so much of modern politics. He is also a model of what it means to be a public intellectual."

Excerpt from The Wall Street Journal -- "And it might. Economists at the International Monetary Fund predict this will be the largest global recession since the Great Depression. Anindya Ghose, professor of business at New York University’s Stern School of Business, says even the big tech companies will “see a much bleaker scenario” in coming months, and perhaps beyond, with revenue potentially depressed for a long time if reopening leads to new waves of infections and additional shutdowns."

Excerpt from Economic Times -- "Well, there is no question that the global economy is now in a financial crisis, perhaps unprecedented in its type and quite different than the one in 2008-2009. The extent of this crisis and how long it will last is very much related to the virus and its continued devastation to the global economy. Early indications are that in terms of bankruptcies, defaults, credit issues, this year will perhaps be a record-breaking one."

Excerpt from Business Insider -- "COVID-19 has presented an opportunity to envision our lives when turned upside down, powder redistributed. We can start over. We hoard relationships and the accoutrements of a life others have fashioned for us. We often don't know any better, or don't have the confidence to draw outside the lines until we're older."

Excerpt from Clear Admit -- "One of the values of earning an MBA is exploration. Whether it’s exploring a new industry, function, city, or experience, there lies opportunity in an unusually supported manner when at business school. A subset of this value proposition is something NYU Stern’s Dean, Dean Raghu Sundaram, said to us on our first day of LAUNCH, Stern’s orientation: business school is the best time in your careers to fail. Despite the irony that I’m paraphrasing, this was a moment that I’ve cherished from orientation. There is no safer environment to professionally experiment than business school. The stakes will not be lower! This line from our Dean helped me get through an experiential learning class I took in my first year called Consulting Lab: Branding and Innovation."

Excerpt from U.S. News -- "Adds Acharya: 'It's possible this may not just be [a] phenomenon of three months.' Indeed, new estimates from the European Commission predicted the EU economy could shrink by 7.4% this year, compared to previous predictions of 1.2% growth."

Excerpt from CryptoDaily -- "The Stern School of Business at NYU has been regularly ranked among the top 20 schools of business in the country. Blockchain technology has been made an integral part of its FinTech MBA program at this blockchain institute of technology. This specialization on Blockchain focuses on the impact of blockchain technology on investment and financial world and helps the students to influence international finance, investment banking, etc. and provides with the best blockchain certification and learn how to buy cryptocurrency."

Excerpt from BBC -- "He warned of 'unprecedented' recession. Professor Roubini foresaw the financial crisis in 2008 before many others. 'During the global financial crisis it took about three years until output fell sharply' he told the BBC's Talking Asia programme from his home in New York."

Tune in for a virtual celebration on Friday, May 22, 2020 at 10:00am (ET), and stay tuned on the graduation site for future plans to celebrate in-person.

Tune in for a virtual celebration on Friday, May 22, 2020 at 3:00pm (ET), and stay tuned to the graduation site for future plans to celebrate in-person.

Excerpt from Adweek -- "Additionally, Allen Adamson, founder of marketing firm Metaforce and adjunct professor at New York University’s Stern School of Business, said acquisitions are sometimes used as catalysts to “get your own people to move faster” and the internal competition between Walmart and Jet staffers could have forced each team to work harder."

Excerpt from Quartz -- “'It’s a phase in the evolution of ride hailing that we expected to see at some point, where [ride-hailing companies] would rely less on aggressive discounting and prices would go up,' says Arun Sundararajan, a professor at New York University’s Stern School of Business who focuses on the sharing economy. 'We would have reached a point where prices were in line with what people are willing to pay for a higher quality product—we’re just reaching that point faster.'"

Excerpt from The New York Times -- "The opposition among conservative Republicans to the lockdown — designed to protect American from contact with the coronavirus — presents an interesting corollary to the moral foundations theory developed by Jonathan Haidt of N.Y.U. and Jesse Graham of the University of Utah. In essence, the theory posits that conservatives are more preoccupied with notions of purity and disgust than liberals."

Excerpt from Salt Lake Tribune -- "The first observation is they moved to something called ‘stay-at-home stocks,’ said Haran Segram, a clinical assistant professor of finance at New York University’s Stern School of Business. Segram, who teaches a course in the valuation of stocks, defines that term as companies consumers will keep using or use more often while social isolating."

Excerpt from Marketing Dive -- "'That kind of public statement is rare, but it does happen when you have somebody who has strong moral convictions, sees things going wrong and knows that, in their position, they can make a fuss about it,' Tensie Whelan, director of the NYU Stern Center for Sustainable Business, said in a phone interview."

Excerpt from Retail Dive -- "'With a few years of experience in buying online and several painful experiences of having to return the product, consumers realize that e-commerce is not a guarantee of seamless shopping,' said Thomai Serdari, a marketing and branding professor at New York University's Stern School of Business, and author of the forthcoming book 'Rethinking Luxury Fashion: The Role of Cultural Intelligence in Creative Strategy.'"

Tune in for a virtual celebration on Wednesday, May 20, 2020.