Experience Stern | News & Events

Excerpt from TopMBA -- "'The entrepreneurship process has been demystified. Never before has there been such broad and easy access to the critical resources needed to start a venture—whether technology, capital—both cash and human, support networks, know-how, etc.,' says Franklin. . ... 'the founding team [of LGBTQueue, co-founded by Allie Esslinger (MBA '18)] is excited to have the benefit of having come together under a different umbrella, use those metrics to guide our first decisions about product and branding, and work together more collaboratively to build something from the ground up.'"

Excerpt from Quartz -- "'Uber is entitled to its opinions but not to the facts,' Aswath Damodaran, a professor at NYU’s Stern School of Business and longtime Uber skeptic, said in an email, when asked whether the company would be right to say it’s still valued at $68 billion. 'I don’t think Uber could make this claim with a straight face.'"
 

Excerpt from Bloomberg -- "Business is doing pretty well. Profits are high as a share of GDP. This is a pretty strong period in the economy. Growth is above the level that we can sustain over the long run. Unemployment is down to the lowest level we have seen in more than a decade. We may hit the lowest we have seen since the 1960's during 2018 so this is a strong period for the economy."

Excerpt from ThinkAdvisor -- "Vasant Dhar, a professor of information systems at New York University, also sees that some back- and middle-office operations are being automated. 'It’s hard to say whether AI is being used to do this or whether it’s just plain old technology, but at the end of the day it is increased automation,' Dhar said."

Excerpt from InformationWeek -- "Vasant Dhar, a professor at New York University's' Stern School of Business, stated that AI can be put to work wherever data exists. 'It could be for customer service, marketing, planning, gathering new customers or assets,' he explained."

Excerpt from India West -- "Sundaram’s scholarly interests include agency problems, executive compensation, corporate finance, derivatives pricing, credit risk, and credit derivatives. He has published extensively in these areas as well as in mathematical economics, decision theory, and game theory, with articles appearing in such journals as Econometrica, Journal of Economic Theory, Journal of Business, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies, according to a press statement released by NYU."

Excerpt from CBC News -- "For AI expert Robert Seamans, of New York University, the story that shaped 2017 was 'the evidence that Russia hacked the 2016 [U.S.] presidential elections.'"

Excerpt from The Globe and Mail -- "'Put bluntly, investors are more aware than ever before that they are often paying active money managers to lose money for them and that they now have the option to do something about this disservice,' says Aswath Damodaran, a professor of finance at New York University."

Excerpt from GQ -- "Russell Winer, a professor of marketing at NYU, frames the situation with the idea of 'brand hijacking': 'When a brand, through no active marketing of their own, happens to be picked up by a particular group,' he explains. The concept helps describe how a brand like New Balance, which quickly came out after neo-Nazi site The Daily Stormer claimed the shoes for white people to denounce 'bigotry and hate,' can lose a handle on its carefully curated image."

Excerpt from The New Yorker -- "'In part, it’s the distinction between browsing and searching,' Adam Alter, an associate professor of marketing at N.Y.U., said. 'You can’t browse online very well. There isn’t room for serendipity online.' There’s no thrill of the hunt when you can bring up something instantly on Amazon, but out in the world, as we browse the shelves at a bookstore or a record shop, we get a randomized reward similar to a gambling win when we find something that we suddenly have to buy, Alter said."

Excerpt from Forbes -- "'On college campuses, given how quickly these things are rising in value, there is an incredible curiosity about them,' Yermack says. 'There is the allure of the "get rich quick." This is capturing the imagination of university students.'"

Excerpt from NPR -- "So this was an anticipated ruling from the EU in deciding whether Uber was a digital platform or a transportation service. They came down on the side that Uber is a transportation service just like a traditional taxi service or a black car service. What this means is that all Uber drivers will have to be professional drivers. In all likelihood Uber's relationship with its drivers will have to change from contractors to them being full time employees and so it dramatically changes Uber's cost structure if it wants to operate in different European cities."

Excerpt from Quartz -- "'I will keep an eye out on startups that focus on various applications of AI, for example, in healthcare, banking, and education sectors,' Ghose said. 'I will also look out for startups that can use data from wearable devices to advance the treatment of chronic diseases, startups that use facial recognition for basic security, those that use deep learning for image processing, startups focusing on the internet of things, cloud technologies and the intersection of telecom players and ad-tech.'"

Excerpt from Bloomberg -- "It certainly will be good for corporate America, I am not sure how much of that will feed through to the broader economy. The theory has always been that if you allow the corporates to bring that stash, that cash that is stashed overseas, back to the United States, that they will invest in capital investment, they will boost economic growth, they will pass that off in increased wages to their employees. But what we have observed in the past is that when companies do bring that cash back from overseas, they generally tend to use it to pay dividends to their shareholders or to engage in share buybacks."

Excerpt from Poets & Quants -- "In naming an insider to succeed Henry, NYU is going with a highly talented and well-liked professor who has been behind some of the more innovative changes at Stern in recent years. He is also yet another example of a highly successful Indian-born scholar who has moved up the ranks to head one of the world’s best business schools, following in the footsteps of Nitin Nohria at Harvard Business School, Sumatra Dutta at Cornell’s SC Johnson College of Business, and Sri Zaheer of the University of Minnesota’s Carlson School of Management."

NYU President Andrew Hamilton and Provost Katherine Fleming today announced the appointment of Rangarajan “Raghu” Sundaram as Dean of the Leonard N. Stern School of Business, one of the nation’s leading business schools.

Excerpt from The Economist -- “A company pursuing an innovation strategy based on acquisitions will appear more profitable and asset-rich than a similar enterprise developing its innovations internally.”

Excerpt from Bloomberg -- "It makes sense for CLSA to reduce its reliance on institutional broking, but success in areas like asset management isn’t guaranteed, said Roy C. Smith, emeritus professor of management practice at New York University’s Stern School of Business. 'Whether they can pull this off depends on the firm’s ability to execute a major business and cultural transformation,' he said."

Excerpt from WalletHub -- "Recessions tend to start after the Fed fights rising inflation by increasing interest rates. Interest rates are abnormally low now, so I see the Fed moving to normalize them at a faster pace in 2018. That could dim the economic outlook for 2019. ... [The Federal Reserve Open Markets Committee will raise its target rate in 2018] three times, and 2.25 percent."

Excerpt from NPR -- "I really think that one of the big public policy challenges of the next couple of decades, as I discuss in my book, is coming up with a new funding model in the United States and the UK, I was in japan last week they are facing the same problem, where we get away from this idea that the corporation is responsible, the employer is responsible for the bulk of the safety net and we come up with alternative ways because honestly in a couple of decades the majority of the workforce is not going to be full-time employees."

New York University’s Stern School of Business named its new one-year Technology and Entrepreneurship MBA in recognition of a significant gift from alumnus Andre J.L. Koo (MBA ‘94), Chairman, Chailease Group, and his wife, Jana. The Andre Koo family’s gift will support the School’s new MBA program, which will enroll its first class in May 2018.

Excerpt from The New York Post -- "Aswath Damodaran, professor of finance at New York University, said, '[Nakamoto’s] on his way to being a billionaire now. He kept more than 10,000 bitcoins.' And he’s not surprised by the creator’s low profile: 'Bitcoin was designed by paranoid geeks for paranoid geeks.'"

Excerpt from Poets & Quants -- "'Right from the get-go, people come in knowing fully well that global is a big part of what we do. And they start thinking about it from the freshman year,' Menon says. ... 'One of the things we’re really against is being a tourist,” Menon explains. “That’s not what it’s about. It’s about education. We take the coursework really seriously.'"

Excerpt from Politico -- "But Paul Hardart, a marketing professor at New York University’s Entertainment, Media and Technology program in its Stern School of Business, said he expected Fox to have 'less entertainment content in the near term.' Sports and news have been the main pillars holding up cable and broadcast television, he said, as the two types of programming viewers typically watch live and can’t fast-forward through commercials on. Murdoch, he said, is 'playing to his strengths.'"

Excerpt from the Chicago Tribune -- "'Consumers who participate in the sharing economy just have to come to terms with the idea that this isn't like getting a service from a large, branded company,' explained Sundararajan. 'The responsibility for providing the service is split between the platform (e.g., Turo or Airbnb) and the provider (the individual renting out the product), and people need to get comfortable with who's responsible for what.'"