Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer explains how Brazil can emerge from its current financial crisis

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Excerpt from TIME -- "There is a silver lining. Brazil needed a reason to escape its lethargy, and now it has one. While the Petrobras investigations threaten to grind government to a halt, they also provide an opportunity to clean house. Rousseff will salvage what she can, enacting plans to restore investor confidence by raising more revenue and spending less. That’s important in a country where the public deficit last year was nearly 7% of GDP."
Faculty News

Prof. Jonathan Haidt's research on compassion in the workplace is cited

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Excerpt from Harvard Business Review -- "...a study by Jonathan Haidt of New York University shows that the more employees look up to their leaders and are moved by their compassion or kindness (a state he terms elevation), the more loyal they become to him or her. So if you are more compassionate to your employee, not only will he or she be more loyal to you, but anyone else who has witnessed your behavior may also experience elevation and feel more devoted to you."
Faculty News

Profs Steven Blader and Claudine Gartenberg's research on data-driven management is featured

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Excerpt from The Atlantic -- "'What we found was that this friendly competition works great under the old way, when people are used to [seeing things as] every man for himself and you're getting judged on your own performance and merits,' says Gartenberg. 'Under the new [culture] where corporate had passed down this message that "We're a team, we're working together, and drivers matter," people responded really badly to the naming and shaming of people.'"
Faculty News

Prof. Kim Schoenholtz on Janet Yellen's recent remark about stock valuations

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Excerpt from MarketWatch -- "Kim Schoenholtz, a economics professor at NYU Stern School of Business, said that Greenspan’s comment [on financial markets in 1996] is remembered because it was so rare during that time for central bankers to discuss asset prices. 'When Greenspan did that, it seemed to many observers to be out of place,' Schoenholtz said. Now it is part of the normal obligation of a central bank to alert people about the risks that markets and financial institutions pose to the financial system and the economy, he said."
Faculty News

Prof. Thomas Philippon's research on compensation in the financial services industry is cited

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Excerpt from The New York Times -- "While the power of money in politics should never be underestimated, institutions can be changed. Thomas Philippon of New York University and Ariell Reshef of the University of Virginia argue, for instance, that financial deregulation produced a huge wage premium for finance executives, even as it increased risks for the rest of society."
Faculty News

Prof. Samuel Craig is interviewed about Disney's profits from "Avengers: Age of Ultron"

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Excerpt from Marketplace -- "Sam Craig teaches marketing at NYU's Stern School of Business. Craig says historically, theaters and studios typically split box office receipts 50/50. But Disney reportedly wants 60 percent of the box office for the Avengers sequel. And that could add up. 'Studios need theaters. Theaters need films to make money.'"
School News

MBA student Isabel Lagdameo shares advice for navigating a summer internship

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Excerpt from Poets & Quants -- "My internship was just as much a chance to learn about the company, as it was to receive a full-time offer, in a short 10 weeks. So I embraced every opportunity I was given to gain exposure to different areas of the company, whether it was taking on an additional project, attending an industry event, or participating in store visits. This was also an opportunity to demonstrate how my previous work experience in advertising translated to a marketing role within the beauty industry."
School News

Stern's 2014-2015 Entrepreneurs Challenge is highlighted

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Excerpt from BusinessBecause -- "At Stern School of Business in New York, students received a combined $200,000 in seed funding at a yearly competition for entrepreneurs, held by Stern’s Berkley Center for Entrepreneurship & Innovation. RecoverLINK, a mobile healthcare technology designed for heart failure patients launched by two Stern MBAs, among others, took home $75,000 in funding."
Faculty News

Research Scholar Taeya Howell's research on managerial recognition of employee input is featured

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Excerpt from Bloomberg -- "The authors, five professors at New York University's Stern School of Business, Cornell's Johnson Graduate School of Management, and UT Austin's McCombs School of Business found that bosses were less likely to value or even notice the suggestions of people who were wallflowers at work, new to the job, or racial minorities."
Research Center Events

NYU Urban Seminar Series

Street view of the Henry Kaufman Management Center
The NYU Urban Seminar Series focuses on research with implications for urban policy. It is co-sponsored by the Urbanization Project, the Center for Real Estate Finance Research, the Marron Institute of Urban Management, and the Furman Center.
Faculty News

In an op-ed, Professor Thomaï Serdari examines the success of luxury brand MMLaFleur

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Excerpt from LinkedIn -- "Strong product was only part of MMLaFleur's story. Their Bento Box did the trick. Drawing on her Japanese background (Sarah is French-Japanese and a graduate of Harvard) came up with the idea of the bento: a box of six to eight items that are sent to every new customer after they have filled a brief survey online in which they elaborate on their personal style and which may be returned on its entirety if the customer does not like the items included. More often than not, customers keep most of the items sent to them. The difference lies in the new value that the bento box has added: it eliminates thinking."
School News

In an op-ed, MBA student Peter Leahy discusses his research in Bangladesh with the Center for Business and Human Rights

Dhaka Tribune logo
Excerpt from Dhaka Tribune -- "Our assessment is that a valuation of $50bn [for garment industry exports] by 2021 is achievable, but far from guaranteed. To stay on track toward this goal, Bangladesh can’t afford the unsustainability that political unrest, poor working conditions and inadequate infrastructure bring to the garment sector. To make the '$50 billion by 2021' slogan a reality, the garment industry in Bangladesh will have to adopt another refrain since Rana Plaza: 'Business as usual is not an option.'"
Faculty News

In an op-ed, Prof. Michelle Greenwald highlights top integrated marketing campaigns from the past year

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Excerpt from Forbes -- "The three brands selected have historically not been known as cutting edge, big-time marketers, and one is a non-profit. This is inspiring, as it indicates that brands don’t need mega-budgets or to be considered marketing heavy hitters to do great, impactful, clever, strategic, and insightful work. Smaller brands can create stellar programs with budgets that are less than gargantuan."
Faculty News

NYU Global Research Prof. Ian Bremmer discusses his new book, "Superpower: Three Choices for America's Role in the World"

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Excerpt from TIME -- "In his new book, Superpower: Three Choices for America’s Role in the World, TIME editor-at-large and president of Eurasia group Ian Bremmer discusses the three choices the United States can make about its role in the world. He characterizes the choices, each with its unique benefits and consequences, as 'Indispensable America,' 'Moneyball America' and 'Independent America.'"
Faculty News

Prof. Scott Galloway on Apple's growth

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Excerpt from Silicon Valley Business Journal -- "'If you look at Apple the last 12 months, I’d argue they’ve performed better than any company in history,' said Scott Galloway, a clinical professor of marketing at New York University’s Stern School of Business. 'It’s the most profitable, strongest brand in the world.'"
 
Faculty News

Prof. Richard Sylla is interviewed about his new book, "Genealogy of American Finance"

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Excerpt from ThinkAdvisor -- "...as the crisis fades in memory, finance professionals talk less and less about history's importance. Its cautionary lessons might interfere with taking the next big risk to make the next fast buck. One of the great lessons of financial history is that a lot of finance professionals over the decades and centuries never learn, and so they repeat the mistakes of the past."
Faculty News

In an op-ed, Prof. Nouriel Roubini argues that governments shouldn't use currency wars to boost economic growth

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Excerpt from Project Syndicate -- "The world would be better off if most governments pursued policies that boosted growth through domestic demand, rather than beggar-thy-neighbor export measures. But that would require them to rely less on monetary policy and more on appropriate fiscal policies (such as higher spending on productive infrastructure)."
Faculty News

In an op-ed, Prof. Roy Smith argues that big banks should follow GE's lead in shedding problematic business units

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Excerpt from Financial News -- "There is a lesson for the big banks in the way GE has disposed of its finance arm. The initial strategy, to dismantle GE Capital piecemeal, evoked little approval from the market. It was not until GE announced last month that it was selling off the entire unit that investors rewarded it with a price rise, so far sustained. The lesson for the banks, which still flinch at trying such a radical amputation of their own ailing units, is plain. Bite the bullet."
Faculty News

Dean Peter Henry calls for structural reform in emerging market economies

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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.'"
Research Center Events

NYU Stern-TCH Gallatin Lecture Series on Banking

NYU flags outside of the Henry Kaufman Management Center
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.
Faculty News

Prof. Nouriel Roubini on Greece's economic turmoil

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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.'"
School News

Stern's course on Cuba and its economy is featured; Vice Dean Thomas Pugel and MBA student Emily Goldfrank are quoted

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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."
Business and Policy Leader Events

NYU Stern’s Fifth Annual Faculty Excellence Dinner

Fifth Annual Faculty Excellence Dinner
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.
Faculty News

In a letter to the editor that prompted further discussion of the issue, Professor Michael Posner urges universities to invest in sustainable business

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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."
Faculty News

Prof. Gavin Kilduff's research on the benefits of rivalry is featured

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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."