School News

Stern's Creative Destruction Lab-NYC, which is seeking applications from early-stage science and tech startups until August 12, is featured

Excerpt from American Entrepreneurship Today -- "The CDL program that began in 2012 at the Rotman School of Management at the University of Toronto has now expanded to six universities, with NYU as the sole one based in the U.S."
Faculty News

Professor Gavin Kilduff's joint research on the impact of rivalry on performance is featured

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Excerpt from The Wall Street Journal -- "The authors, Brian Pike and Adam Galinsky of Columbia University and Gavin Kilduff of New York University, studied 34 seasons of NCAA men’s basketball tournaments, as well as postseasons in the NBA, NFL, NHL and Major League Baseball to analyze how success of a team’s rival impacted the team’s future performance. Their findings showed that a strong performance by a team’s rival was positively associated with an uptick in the team’s performance in the following postseason."
Faculty News

Professor Robert Seamans' joint research on AI's impact on the labor market is referenced

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Excerpt from the Financial Times -- ""According to a paper by Jason Furman, former chairman of the US Council of Economic Advisers, and Professor Robert Seamans of the Stern School of Business, those who earn less and those with less education are more vulnerable."
Faculty News

Professor Thomaï Serdari shares insights on Chanel's Inside Chanel series and couture store in Biarritz

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Excerpt from Luxury Daily -- "'It is always a good idea for heritage brands to take a fresh look at their own archives and find new ways to tell and re-tell their story,' said Thomai Serdari, a professor of luxury business marketing at New York University, New York. 'Far from showcasing vanity, brands approach their younger followers, who perhaps have not been initiated into the brand story yet neither fully nor completely, with sensitivity and a genuine interest in forming a bond.'"
Faculty News

In an in-depth interview, Professor Jeffrey Hollender explains how sustainability practices benefit businesses

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Excerpt from Business Insider -- "People think it's a trade-off: am I gonna be a nice, good citizen and treat the environment well or am I gonna maximize profits? And the truth is you will perform better financially by doing things like having a great sustainability program, by having women on your board and in your senior management and by treating your employees well and ensuring that they're owners of the company. Those things translate into better financial performance."
Research Center Events

Executive Education Short Course: Leading Global Organizations: Managing the Complex Challenges of Globalization

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Combining lecture, discussion, case analyses and group exercises, this short course develops participants' ability to strategically navigate a rapidly changing global business climate.
Faculty News

Professor Robert Seamans is interviewed about Purdue Pharma's shift away from OxyContin

Stamford Advocate 192 x 144
Excerpt from the Stamford Advocate -- "Moving away from opioids is 'definitely a risk, but it seems like a risk worth taking,' said Robert Seamans, an associate professor of management and organizations at New York University. 'To a certain extent, it seems like these types of sharp turns in strategy work better when private companies are making them. And since the CEO comes from the R&D side of the business, it sounds like they have the right person in place, now they have decided to pursue R&D instead of sales.'"
Faculty News

Professor Constantine Yannelis is quoted in a story on the tax bills associated with income-driven student debt repayment

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Excerpt from The Wall Street Journal -- "'I’m very doubtful that everybody is going to be able to make these tax payments,' said Constantine Yannelis, an assistant professor of finance at New York University who worked in the Obama Treasury Department. 'And I’m also doubtful that policy makers and society as a whole are going to be OK with jailing people for tax evasion because their student-loan balances are being forgiven.'"
School News

NYU Shanghai and NYU Stern's One-Year Master of Science Programs for College Graduates in Data Analytics & Business Computing and Quantitative Finance are featured

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Excerpt from BizEd Magazine - "Two new one-year master of science programs will be jointly delivered by the School of Business at New York University (NYU) and NYU Shanghai, a degree-granting campus of NYU. Both the MS in quantitative finance and the MS in data analytics and business computing will entail 12 months of full-time study over three semesters in two global hubs; students will start with a summer semester at NYU Stern in New York City and follow that with fall and spring semesters in China."
School News

Senior Research Scholar Alain Bertaud shares how city clusters in China could foster its productivity

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Excerpt from The Economist -- "Alain Bertaud of New York University says that, if integrated well, China’s city clusters could, thanks to their size, achieve levels of productivity never seen in other countries. He says it would be comparable to the differences between England and the rest of the world during the Industrial Revolution."
Faculty News

Professor Nicholas Economides is interviewed about Greece's debt-relief agreement

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Excerpt from Knowledge@Wharton -- "...It signifies that the European Union has abandoned the goal of Greece returning to the global financial markets which was supposed to be the goal of the programs, instead it's giving cash to Greece to avoid going into the financial markets..."
Faculty News

Professor Roy Smith is interviewed about the Big Bang deregulation of the London financial markets in 1986

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Excerpt from Bloomberg -- "'In one morning, we traded more British stocks than any other British brokerage firm had done in two weeks,' says Smith, 80, who’s now emeritus professor of management practice at New York University’s Leonard N. Stern School of Business. 'Big Bang essentially blew away all the British rules.'"
Research Center Events

TRIUM Global Executive MBA Program Celebrates 1,000 Alumni Milestone

A group of TRIUM alumni
The TRIUM Global Executive MBA program, an alliance among NYU Stern, the London School of Economics and Political Science, and HEC Paris, celebrated an important milestone this year -- 1,000 alumni. To mark the moment, students and alumni from 16 class years representing 47 nationalities convened in New York City for a three-day community event, “Module 7: Celebrating TRIUM’s Global Alumni Community.”
Faculty News

Professor Scott Galloway shares his predictions for Amazon's growth

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Excerpt from Barron's -- "There's talk of them acquiring some TV networks and to get scale in content really quickly and fill in some niches because those assets have been beaten down from a valuation standpoint and Amazon has the ability to monetize them, not with just advertising, but because if they create more intensity across their Prime relationships, which are now 60% of US households, then they can sell more paper towels and more stuff to them."
Faculty News

Professor Aswath Damodaran discusses GE's decline and removal from the Dow Jones Industrial Average

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Excerpt from NPR -- "I mean, watching GE is like watching the Bataan Death March, right? I mean, every company has a story. And at this point, GE's story is that of, you know, decline. And the end is coming. You can see it."
Faculty News

Professor Nicholas Economides argues for why he believes Greece will be unable to repay its debts under its new debt-relief plan

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Excerpt from Bloomberg -- "'Under these conditions, Greece is unlikely to achieve fast growth, and therefore will be unable to pay back its debt in full despite a 10-year postponement of maturities granted by the EU,' said Nicholas Economides, professor of Economics at the Stern School of Business at New York University."
Faculty News

Professor Jonathan Haidt's remarks at Heterodox Academy's Open Mind Conference are highlighted

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Excerpt from The Chronicle of Higher Education -- "'We’re on a ship, the ship is kind of going down, and rather than fighting with each other, we actually can work together and patch it up,' Haidt said. 'It’s a pretty good ship, other than it’s sinking.'"
Faculty News

Professor Arun Sundararajan discusses the economic implications of the Supreme Court’s recent online sales tax ruling

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Excerpt from Nightly Business Report -- "I think they are going to start seeing it very soon especially if you shop through retailers like Etsy or Wayfair. I think Wayfair is probably one of the biggest losers here. They are a site that advertises themselves as a place where you don't have to pay sales tax. Amazon is probably going to see some impact but they are big enough to be able to absorb any loses that come from their sellers having to charge sales taxes. This certainly shifts the power in the online retail space away from the smaller players and toward the bigger players."
Faculty News

Professor Kim Schoenholtz shares how banks have grown since the financial crisis

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Excerpt from The New York Times -- "'The banking system usually looks at its greatest health at the top of an expansion,' said Kim Schoenholtz, a professor of the history of financial institutions and markets at New York University’s Stern School of Business."
Faculty News

Professor Anindya Ghose comments on Facebook's effectiveness as a crowdfunding platform

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Excerpt from The Wall Street Journal -- "'An average Facebook user logs in multiple times a day…and if [the campaign] is right up in your face every time you log in, the probability you see it is high,' Mr. Ghose said. 'So I give a lot of credit to a platform like Facebook for amplifying content like this.'"
School News

Executive MBA student Nate Kimball is named to the 2018 "Best & Brightest Executive MBAs" list

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Excerpt from Poets & Quants -- "I’m most proud of completing the federal regulatory approval process for the LaGuardia Airport Central Terminal Building Redevelopment Program. It allowed financing and construction of a $4 billion terminal program to move forward, and through the approval process we were able to incorporate some of the most ambitious sustainability commitments of any airport terminal in the country."
Faculty News

Professor Kathleen DeRose discusses how wealth managers can utilize AI

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Excerpt from InvestorDaily -- "According to her, they are concerned with the central question: '"How do they successfully operate a hybrid model where clients with large portfolios and complex situations can still receive the personal touch?"'"
School News

Beth Briggs, Assistant Dean of Career Services, discusses MBA hiring trends

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Excerpt from the Financial Times -- "'For international students, we advise a bit more strategy during the career-planning phase, including understanding variables that can be controlled and those that can’t,' she added."
Faculty News

Professor Batia Wiesenfeld is interviewed about GE's removal from the Dow Jones Industrial Average

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Excerpt from Marketplace -- "GE was representative of America, of that whole post-war America as this industrial behemoth."
Faculty News

Professor Thomaï Serdari is interviewed about Tiffany's millennial-focused rebranding

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Excerpt from CNNMoney -- "The company is embracing a trend, said Thomai Serdari, a strategist in luxury marketing and branding who teaches at NYU's Stern business school: 'Cool is the new proper.'"