Faculty News

Executive Board Member and Prof. Richard Bernstein advises US investors

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Excerpt from USA Today -- "Europe is a short-term trading issue ... U.S. investors with any reasonable time horizon should focus on economic indicators and not the yelling about European banks."  Additional coverage appeared on iStockAnalyst.
Faculty News

Prof. Nouriel Roubini on the risk of recession is the US and Europe

Excerpt from Bloomberg -- "Nouriel Roubini ... said today there’s a 50 percent risk that the U.S., the U.K. and the euro region will fall into recession in the next 12 months."  Additional coverage appeared on Bloomberg, two CNBC pieces, MarketWatch, Forbes, AFP and Reuters.
Press Releases

New Research Offers 3-Part Solution to Increase Worker Productivity

With the US unemployment rate hovering around nine percent and the threat of a double dip recession looming, firms are looking for ways to get the most out of a lean workforce. In a new paper by Sinan Aral, NYU Stern Information, Operations and Management Sciences Professor (@sinanaral) and his co-authors Erik Brynjofsson and Lynn Wu of the MIT Sloan School of Management, the professors offer a recipe for increasing worker productivity by as much as 16 percent: invest in a complementary “3-way system” of 1.) information technology, 2.) HR analytics practices and 3.) performance pay.
School News

NYU Life Trustee & Chairman Emeritus of the Board of Overseers Henry Kaufman is highlighted

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Excerpt from TIME -- "In today’s New York Times, Jim Stewart advances that argument in great and compelling detail… He quotes an all-star team of sane banking experts–Paul Volcker, former Senator Ted Kaufman, investment legend Henry Kaufman."  Additional coverage appeared in Insurance News Net and Gainsville Sun.
Faculty News

Prof. Aswath Damodaran on the value of a brand

Excerpt from Motley Fool -- "Renowned finance professor and valuation expert Aswath Damodaran has said that the value of a brand is directly correlated with a company's pricing power."
Faculty News

Prof. Michael Moses on fine art as a financial asset

Excerpt from The Spectator -- "Artwork is an uncorrelated asset ... It doesn't relate to anything that happens in other assets, like oil or gold or the price of wheat or corn. That improves its allure."  Additional coverage appeared on Bizcommunity.com.
Faculty News

In an op-ed Prof. Thomas Cooley offers solutions for the European financial crisis

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Excerpt from Reuters -- "For all of the Eurozone countries faced with unsustainable fiscal policies the solution will involve considerable pain in the form of budget cuts, shrinking public sectors and increases in tax collections."  Additional coverage appeared in a Reuters blog.
Faculty News

Nobel Laureate Prof. Michael Spence on Europe's need for a rescue fund

Excerpt from Bloomberg -- "Europe may need $2 trillion in its rescue fund to fight the debt crisis, more than the 940 billion euros ($1.3 trillion) that governments are said to be seeking, said Michael Spence, the Nobel Prize-winning economist." Additional coverage appeared in Bloomberg Businessweek.
Faculty News

Prof. Jonathan Haidt on the relationship between disgust and morality

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Excerpt from WIRED -- "'It’s a great example of the increasingly sturdy bridge between biology and political science,' said Jonathan Haidt, a New York University psychologist who studies the relationship between disgust and morality."
Faculty News

An interview with Prof. Richard Sylla on Alexander Hamilton

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Excerpt from TheDeal.com -- "'He knew more about finance than anyone at that time,' says New York University business professor Richard Sylla about Alexander Hamilton, the first secretary of the U.S. Treasury."
Faculty News

Prof. Nicholas Economides on Greece's debt problems

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Excerpt from The Huffington Post -- "Without new development, without new jobs, without growth, the Greek economy will keep going down." Additional coverage appeared in Skal.
School News

Vice Chairman, NYU Trustees & Chairman of the Board of Overseers William Berkley is quoted

Excerpt from Bernews.com -- "Yes, we will get our tax legislation passed. ... And all those guys who are offshore taking advantage of Americans who pay tax–[those companies] who reinsure their affiliated business offshore will eventually have to pay up."
School News

NYU Stern is cited for helping to select the 2011 Leader of Change recipients

Excerpt from 3BL Media -- "The Leaders for 2011 were chosen by recommendations from the Leaders of Change for 2010, the United Nations Office for Partnerships, NYU Stern School of Business and the Foundation for Social Change."
Faculty News

An op-ed by Prof. Michelle Lederman on the importance of expanding your professional network

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Excerpt from CNBC -- "It is crucial, though, to keep expanding your network, and not settle into complacency once you’ve found a group of people with whom you’re comfortable."
Student Club Events

26th Annual Association of Hispanic & Black Business Students (AHBBS) Conference

The 26th Annual AHBBS Conference, themed "Shifting Landscapes," will feature a variety of speakers and panelists that will share their insights and experiences on the keys to succeeding in a borderless world. The event will also feature a sit-down lunch and closing networking reception with representatives from corporate sponsors such as JPMorgan, Bank of New York Mellon, Credit Suisse, Bank of America Merrill Lynch, Houlihan Lokey, Morgan Stanley, American Express, Barclays Capital, Citi, Deloitte, Merck and Unilever.
Faculty News

Prof. Nouriel Roubini says the financial system problems have not yet been resolved

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Excerpt from Knowledge@Wharton -- “The problems of the financial system on Wall Street have not been resolved. People talk about Dodd-Frank, but have we really changed the system of compensation? Have we dealt with the corporate governance problem? Have we divided commercial banking and the more risky shadow banking and investment banking? No."  Additional coverage appeared in The Huffington Post.
School News

NYU Stern's "Think Social, Drink Local" community-building event is featured

Excerpt from MBA Mission -- "Hosted jointly by the Social Enterprise Club and the Luxury Goods and Retail Club at NYU Stern, the Think Social, Drink Local event features a fashion show highlighting offerings by ecofriendly, or 'green,' designers (modeled by Stern students and administrators) and organic beverages produced by local vineyards and breweries."
Faculty News

Prof. Nathan Pettit's research, linking social status to trustworthiness, is featured

Excerpt from OSU's The Lantern -- "People of a higher status were more likely to be trusted on a first encounter than those of lower status."
Faculty News

An op-ed by Prof. Jonathan Haidt on the moral foundations of Occupy Wall Street

Excerpt from Reason -- "In my visit to Zuccotti Park, it was clear that the main moral foundation of OWS is fairness, followed by care and liberty. Loyalty, authority, and sanctity, by contrast, are very little in evidence."  Additional coverage appeared on ThinkProgress.org, Business Insider and Falken Blog.
Faculty News

An interview with Prof. Jeffrey Younger on Virtual Teams in International Business (VIBU)

Excerpt from MMUGM Indonesian TV -- "ViBU Real Game simulates a realistic business challenge. Diverse teams from various universities and countries jump into direct competition with each other, for winning the highest firm's market values."
Faculty News

"Guaranteed to Fail," a book by NYU Stern faculty, is featured

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Excerpt from Business Standard -- "The authors – professors at the Leonard N Stern School of Business at New York University -– have laid bare the way a vital component of the US financial system got distorted and how the process was aided by the government for decades."
Faculty News

Prof. Nouriel Roubini on resolving the financial system's problems

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Excerpt from Knowledge@Wharton -- “The problems of the financial system on Wall Street have not been resolved. People talk about Dodd-Frank, but have we really changed the system of compensation? Have we dealt with the corporate governance problem? Have we divided commercial banking and the more risky shadow banking and investment banking? No. So that remains.”
Faculty News

Prof. Paul Romer's paper on bankruptcy for profit is referenced

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Excerpt from The New York Times -- “Neither the public nor economists foresaw that the [deregulation of savings and loans was] bound to produce looting. The regulators … who understood what was happening from the beginning found lukewarm support, at best, for their cause."
Faculty News

An interview with Nobel Laureate Prof. Michael Spence on the Greek fiscal crisis

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Excerpt from CNBC -- "Greece probably can be bailed out in terms of affordability on the fiscal debt. but they're 40% out of bounds in terms of being able to kind of grow the economy. they have huge trade deficit with the rest of europe. it's -- and they don't have the exchange rate. so it's very hard to see how you can keep greece in the euro zone and have them have a future."