Faculty News

Professor Nicholas Economides offers commentary on the AT&T-Time Warner trial

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Excerpt from Bloomberg --  "Well I think there were certain weaknesses in the testimony of Carl Shapiro who was the key witness, key economist, for the government. I think AT&T was able to poke some holes in his testimony. At the same time, I do not believe that AT&T has managed to establish a theory that says consumers are going to be better off after the merger."
Faculty News

Professor Thomaï Serdari is interviewed about Hermès' "Footsteps Around the World" series on the brand's corporate social responsibility efforts

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Excerpt from Luxury Daily -- "'The series primarily isolates specific areas in which Hermès has been groundbreaking to ultimately bring out the humanistic profile of the firm, a differentiation point that only very few luxury brands can claim to cultivate,' Ms. Serdari said. 'The type of information communicated through this series is not new to those who know the brand well, but it is told in a compelling and contemporary form of storytelling that keeps the viewer engaged.'"
Faculty News

Professor Vasant Dhar explains how other social media platforms could be subject to similar scrutiny after Facebook CEO Mark Zuckerberg's Congressional testimony

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Excerpt from Barron's -- "Vasant Dhar, a NYU Stern School of Business professor and data scientist, believes social-media platforms such as Twitter and Google’s YouTube are 'likely to be under fire,' though Apple and Google proper are 'in a better position to protect the data of their consumers.'"
Faculty News

Professor Scott Galloway is quoted in a feature story on Mark Zuckerberg's leadership at Facebook

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Excerpt from the Financial Times -- "Given his majority voting control, 'this is an individual who can’t be removed from office,' says Scott Galloway, author of a book critical of big tech companies and an outspoken critic of Facebook. But even if shareholders could replace Mr Zuckerberg, it would be beside the point, he adds."
Faculty News

Professor Robert Seamans is interviewed about the Facebook Cambridge Analytica scandal

Excerpt from Asahi Shimbun -- "I think that what this helps to do is raise awareness amongst people about what type of data is being collected about them and how it's being used. ... I think one lesson is that we need to get in a mindset where we're not going to have complete privacy as consumers."
Faculty News

In a letter to the editor, Professor Michael Posner offers solutions for combating disinformation

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Excerpt from The Washington Post -- "Part of the solution is to ditch references to 'fake news' and focus instead on politically motivated disinformation. The latter gives the appearance of being factual but actually promotes deliberate, manipulative falsehoods aimed at promoting a political agenda and undermining our democratic system."
Faculty News

Professor Jonathan Haidt's book, "The Righteous Mind," is highlighted

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Excerpt from The New York Times -- "More recently, I was really struck by Jonathan Haidt’s 'The Righteous Mind: Why Good People Are Divided by Politics and Religion.'"
Faculty News

Professor Menachem Brenner's joint research on volatility in financial markets is featured

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Excerpt from the Financial Times -- "In the 1980s, Menachem Brenner and Dan Galai published a series of papers that created an actual index of stock-market volatility based on options, which they called 'Sigma'. They pitched the idea to various exchanges but at the time no one wanted to turn it into a live volatility benchmark."
Faculty News

Professor Richard Sylla is interviewed about the Panic of 1907, the Great Depression, and John Pierpont Morgan's role in the economic system

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Excerpt from Real Vision -- "Morgan had all these bright young partners and he sent them out to inspect the books of all the trust companies that were suffering from these runs and what he wanted to do was find out which of them were sound and which were not sound and then once he knew which ones were sound, he would organize the resources to relieve them and let the unsound ones fail and that would presumably bring an end to the crisis, so that was the first step..."
School News

Professor and Acting Vice Dean for MBA Programs & Online Education Kim Corfman underscores the value of an MBA

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Excerpt from Forbes -- "I believe that in order to be more viable in the market, it's essential to have the appropriate education to back you. A Master's Degree not only will open doors by the connections you make, but also grounds you with strong expertise, intelligence, and insight. Over the past several years, the fashion and luxury companies have increasingly acknowledged the competitive advantage of adding business-educated talent to their ranks, especially in the face of significant technological disruption."
Faculty News

Professor Michael North is interviewed about his work on intergenerational tensions in the workplace

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Excerpt from CityLimits -- "North says, 'Where the tension exists is when these older adults are portrayed as not wanting to step aside and make way for the younger generation.' He asks, 'Who’s to be the judge, basically, of when it’s time for an older worker to step aside or not?'"
Faculty News

Professor Deepak Hegde's joint research on entrepreneurship is featured

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Excerpt from Forbes -- "It never crossed my mind that I gravitated to startups because I thought more of my abilities than the value a large company would put on them. At least not consciously. But that’s the conclusion of a provocative research paper, Asymmetric Information and Entrepreneurship, that explains a new theory of why some people choose to be entrepreneurs. The authors’ conclusion -- Entrepreneurs think they are better than their resumes show and realize they can make more money by going it alone. And in most cases, they are right."
Faculty News

Professor Priya Raghubir discusses how merchants use price reference points as a sales strategy

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Excerpt from Business Insider -- "'[Reference points] are used on price tags. These are used in advertising. This is used inside retail stores on signage. All of which are ways to try and get you to anchor on a particular price, so it is against that price that you would then evaluate the current offering,' Priya Raghubir, a marketing professor at New York University Stern School of Business, told Business Insider."
Faculty News

Professor Anindya Ghose discusses WhatsApp's presence in India

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Excerpt from Quartz -- "'I think this move to hire a country head is also a very credible signal to Indian payment system firms, notably Paytm, to ramp up their battle plans,' said Anindya Ghose, the Heinz Riehl professor of business at New York University’s Stern school. 'It will make the mobile payments market in India a lot more colorful!'"
Faculty News

Professor Amy Webb discusses Facebook founder Mark Zuckerberg's appearance before Congress

Excerpt from The Independent -- "She told The Independent that while Mr Zuckerberg may be taking lessons on how to appear to appear contrite and charming, the company’s main concern now was to get ahead of the curve for anticipating and actually writing government regulations for the industry. 'The thing that matters most to Facebook is that it wants to write the regulation and compliance going forward,' she said."
Faculty News

Professor Melissa Schilling's book, "Quirky," is spotlighted

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Excerpt from Strategy + Business -- "The approach Schilling takes with Quirky is a variant of the case study method — instead of companies, the cases here are the lives of great inventors. She examines their lives to uncover the common personality traits and 'foibles' that helped them see what others did not. Schilling argues that serial breakthrough innovators are different from the rest of us because they’re able to come up with groundbreaking innovations over and over again, rather than just once. And their innovations represent dramatic leaps, rather than incremental improvements."
Faculty News

Professor Lawrence White shares his views on the impact of tariffs and the economic tensions between the US and China

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Excerpt from CNBC -- "Everybody, of course, looks back to the 1930s and the Smoot-Hawley tariff. And they tend to over-emphasize the importance of Smoot-Hawley. It was a bad thing; it certainly made things worse, but it wasn't the sole cause of the Great Depression in the 1930s. We aren't there yet, but what does worry me... is we could see escalation."
Faculty News

In an in-depth interview, Professor Vasant Dhar explains why he believes social media platforms should be regulated

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Excerpt from BNN -- "I think we will and I think we should ... I have been arguing for this for a while now about the perils, the kinds of risks, that these social media platforms have posed to society. I think given the information coming out, I think we are going to see some concern and some regulation around these social media platforms. The details need to be worked out but I think not doing anything is not an option anymore."
Business and Policy Leader Events

NYU Stern Ally Week 2018

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Joining the NYU community in creating opportunities to deepen understanding of others' experiences, NYU Stern will host its sixth annual Ally Week from April 9-13. 
School News

Center for Business and Human Rights Deputy Director Paul Barrett highlights the significance of the anniversary of the 2013 Rana Plaza factory collapse in Bangladesh

Excerpt from PBS -- "The garment industry employs millions of people in Bangladesh, across about 7,000 facilities, said Paul Barrett, deputy director of New York University’s Stern Center for Business and Human Rights, which has been following Bangladesh’s garment industry since the factory collapse. 'The remembrance of what happened in April 2013 is very powerful and still symbolizes a lot to the people of Bangladesh.'"
Faculty News

Professor Nouriel Roubini shares his views on US-China trade tensions

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Excerpt from Bloomberg -- "The... optimists say that Trump is just trying to increase his bargaining power and is using these threats as a way of opening up China. I have a slightly more pessimistic view because the economic nationalists are in and those who are internationalist are out [of the Trump administration]."
Business and Policy Leader Events

26th Annual Stern Women in Business Conference

"Transform the Present. Shape the Future" conference sign
On April 6, Stern Women in Business (SWIB) will host its 26th annual Stern Women in Business Conference entitled, "Transform the Present. Shape the Future"
Faculty News

Professor Ian D'Souza shares insights on behavioral finance and family offices

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Excerpt from Campden FB -- "For family offices that are a number of generations removed from the founder, the importance is to have a board or investment committee that can review the actions of the family office investment staff over time to ensure there is continuous adaption relative to the office’s long-term objectives."
Faculty News

Professor John Horton's joint research on rating inflation on online platforms is spotlighted

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Excerpt from Quartz -- "How did Uber’s ratings become more inflated than grades at Harvard? That’s the topic of a new paper, 'Reputation Inflation,' from NYU’s John Horton and Apostolos Filippas, and Collage.com CEO Joseph Golden. The paper argues that online platforms, especially peer-to-peer ones like Uber and Airbnb, are highly susceptible to ratings inflation because, well, it’s uncomfortable for one person to leave another a bad review."