Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "Prof. Acharya’s analysis calculates banks’ leverage ratios, or equity as a share of total assets, based on their current stock-market valuations. 'When a bank’s market value of equity is approaching zero, it doesn’t matter what the book value of a bank’s equity is compared to what investors believe it actually is; Lehman’s was positive when it collapsed,' Prof. Acharya said in an interview."

Excerpt from Bloomberg View -- "Instead of assuming that people are perfectly rational, he theorizes that they have limited attention -- what psychologist Herbert Simon called 'bounded rationality.' When interest rates or gross domestic product change, people in Gabaix’s model don't quite realize that things are different. Even more importantly, they’re short-sighted -- they don’t think as much about the probability of a recession happening 10 years from now as they do about one occurring in the next six months."

Excerpt from Forbes -- "Both Reggie Award winning examples illustrate how insightful, strategic and innovative activations, that are original and very different from anything ever done before, can massively impact awareness, willingness to try, brand perceptions, and earn extensive target audience amplification: all by capturing imaginations, creating a sense of awe and evoking positive emotions. Both also highlight the benefits of thoughtful, strategic partnerships to cost effectively amplify what brands can achieve on their own."

Excerpt from Entrepreneur -- "In 1997, in the dawn of e-commerce, a New York University professor named Yannis Bakos wrote a well-regarded paper that predicted the internet would change pricing forever. Imagine the old days: You went to a store and had no idea what other stores charged for the same products -- which meant the store you were in could jack up the price. But once everyone could comparison shop online, Bakos reasoned, every site would likely have to offer the same price. And yet, it turns out, many shoppers don’t do the research. If they like eBay, they buy on eBay. Simple as that."

Excerpt from Mashable -- "'The decision said bitcoin is not an object with tangible value. That's clearly wrong,' said David Yermack, chair of the finance department at the New York University Stern School of Business, where he teaches the course 'Bitcoin and Cryptocurrencies.'"

Excerpt from Marketplace -- "Anindya Ghose, a business professor at the NYU Stern School, has been following Apple in China and in India, where Apple's sales growth was strong this quarter. 'I’m very optimistic and bullish about Apple’s future proliferation in India,' Ghose said."

Excerpt from Quartz -- “'The reason Facebook and Google are able to do what they do is because they are viewed as benevolent dictatorships,' says Aswath Damodaran, a professor at New York University’s Stern Business School. That’s not necessarily a bad thing—it’s preferable to a company run like a chaotic democracy, he notes—but 'you’re going to have to accept the fact you have no control over the outcome.'”

Excerpt from TheStreet.com -- "'Outside of media circles, Roger Ailes is not all that well known,' added Sharlach, who also teaches management communication at New York University's Stern School of Business. 'It might have seemed like the sky is falling to those inside Fox News, but the actual impact on the audience, perhaps, is not all that great. Most Fox News viewers may not have any idea who Roger Ailes is or was.'"

Excerpt from The New York Post -- "'What they really could do with is a campaign that clearly articulates Twitter’s unique selling point' versus rivals like Facebook, says Anindya Ghose, a professor at NYU’s Stern School of Business."
 

Excerpt from The New York Post -- "'We are clearly in an up economy, with unemployment at about 5 percent, though wages have been stagnant,' said New York University professor of economics, Lawrence J. White."

Excerpt from The Guardian -- "Disgust may be a universal emotion, but we vary hugely in how strongly we feel it, and what our triggers are. Each of us fall somewhere on what Rozin calls the 'disgust sensitivity scale', a system he devised with another psychologist, Jonathan Haidt."

Excerpt from CBS News -- "As Salomon notes, Verizon and Yahoo are vastly different types of businesses which will make integrating them a challenge. 'I think it will be difficult for (Verizon) to convince talent from Yahoo to stay,' he writes."

Excerpt from Fortune -- "Verizon isn’t purchasing either the Alibaba or Yahoo Japan stakes, so it probably won’t be receiving those dividends. So if Yahoo is generating about $1.2 billion in annual free cash flow, the best assumption is that Verizon will get $142 million less, or $1.05 billion. 'That means Verizon is paying around five times free cash flow, based on the $4.8 billion price,' says Baruch Lev, distinguished professor of accounting at New York University’s Stern School of Business. 'That isn’t a high number. But I’m also assuming that almost all the cash flows excluding the dividends are going to Verizon. If that’s not the case, the multiple could be excessive.'"

Excerpt from Bloomberg -- "This is over. They'll give her peace with honor. Let her leave gracefully. But this is a series of botched acquisitions, severance payments to employees who were there for 14 months in excess of $100 million. A decrease in EBITDA of 50%, a decrease in revenues of 20%, and in exchange she's walking out the door with a quarter of a billion dollars. I think this kind of thing is the reason why people lose faith in corporations. So best of luck to her. But this is the end of her reign, I believe, at Yahoo."

Excerpt from Bloomberg -- "Both the S&P 500 Index and the Dow Jones Industrial Average closed at record highs last week. Edward Altman, a finance professor at New York University who specializes in corporate borrowing, reckons equity investors are blind to the risks being signaled in company debt."

Excerpt from The Economist -- "Mr Spence’s flagship contribution was a 1973 paper called 'Job Market Signalling' that looked at the labour market. Employers may struggle to tell which job candidates are best. Mr Spence showed that top workers might signal their talents to firms by collecting gongs, like college degrees."

Excerpt from The Washington Post -- "'It became a cash cow for them and generated lots and lots of revenue,' said C. Samuel Craig, director of the entertainment, media and technology program at New York University’s Stern School of Business. 'And then it slowly began to disappear, and it was supplanted by the DVD.'"

Excerpt from Bloomberg -- "What should monetary policymakers do if they don’t know the natural rate and therefore can’t be sure if rates are too high or too low? Avoid sudden moves, advises Kim Schoenholtz, director of the Center for Global Economy and Business at New York University’s Stern School of Business. 'When you’re driving on a cliff road on a foggy night, you go slow, and that’s what they’ve been doing,' he says."

Excerpt from The New York Times -- "...moral satisfaction alone won’t pay the rent. You’ll be more likely to land a job that offers attractive working conditions and pays well if you can develop deep expertise at a task that people value highly."

Excerpt from China Radio International -- "I do think that most of the re-shoring that we have seen--and I think it's a good point that this is not a huge, huge wave yet--is really driven by business reasons. Companies are really looking to better control their supply chain. So it's things like speed and quality and flexibility that they have by having the supply chain stay in the US, which they just can't get by having it in China or Vietnam or Cambodia or elsewhere."

Excerpt from TIME -- "In the early days, Airbnb 'often started with the position that the laws don’t fit,' says Arun Sundararajan, a business professor at NYU, who has studied the company."

Excerpt from US News & World Report -- "When learning about supply chain management as part of the leadership-oriented MBA degree, students may also gain knowledge in areas of business that can complement their supply chain studies, says Natalia Levina, one of the academic advisers for the supply chain management and global sourcing specialization in Stern's MBA program."

Excerpt from Luxury Daily -- "'Gucci has moved from a fashion to a lifestyle brand,' said Thomaï Serdari, Ph.D., founder of PIQLuxury, co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York. 'The new line of jewelry and watches is featured in this new campaign individually as precious accents that dot the backdrop of the Gucci world.'"

Excerpt from Bloomberg View -- "Haidt’s central finding is that across many cultures, human beings have embraced five distinct moral foundations: fairness, avoidance of harm, respect for authority, purity (as opposed to disgust), and loyalty. Contemporary U. S. conservatives embrace all five; liberals emphasize the first two, but care much less about the last three."
 

Excerpt from the Associated Press -- "'The common thread with the bank failures in the 2007-2008 crisis was these banks were weakly capitalized, not that they had both investment bank and commercial bank operations,' said Kim Schoenholtz, an economics professor at the New York University Stern School of Business. 'The goal of the people who want to bring back Glass-Steagall is to make the system safer. But this is just a bad idea.'"