Experience Stern | News & Events

Excerpt from Money Magazine -- "Of course, the right approach depends on your manager's personality and the security of your job. You may find it safer to agree to a task but ask for the resources you need to do it. 'Say, "Yes, but to do that, I need x, y, or z,"' suggests Lechner."

Excerpt from WNYC -- "So why do people complain so much about the price of a museum ticket in New York? Maybe it's the perception that art is a universal treasure, and therefore should be accessible to everybody. Bill Greene, a professor of economics at the Stern School of Management at New York University, offered another explanation: “A lot of museums are free. For example, go to Washington, all the Smithsonian institutions, all the museums are free,” he said.

Excerpt from Australian Financial Review -- "Sundararajan argues one of the main ­economic consequences of the sharing economy is that it has generated a new wave of 'invisible jobs' by shifting labour from a narrow range of specialised activities to a broader array of potential work."

MBA students celebrated the final weeks before graduation at the 2014 Bowling Night with President John Sexton and Dean Peter Henry.

Excerpt from BBC -- "It's not clear that we need all of the regulations that we needed in the past, now that we have these platforms that have reputation systems that have companies behind them that are sort of doing some of the things that we used to need the government for."

Excerpt from The Wall Street Journal -- "Peter Henry, dean of New York University’s Stern School of Business, lamented the 'big, structural impediments' in workplaces that restrict accommodations for working families. Though part of their task is to train leaders who can eventually tear down those barriers, he said, schools must also create 'short-term, tactical solutions' that will foster women’s advancement right away."

Excerpt from Marketplace -- “'Startups tend to come from multiple communities,' Hegde says. 'A venture capitalist that has a diversity of partners in its ranks might be in a better position to identify these opportunities and evaluate them better.'”

Excerpt from Next City -- "Arun Sundararajan, a professor at New York University’s Stern School of Business and NYU’s Center for Urban Science and Progress has advocated for 'a safe harbor' where services like UberPOP and Djump 'can operate legally while we gather information about the right division of responsibilities between the marketplace and the regulators.'”

Excerpt from The Atlantic Cities -- "In the next century, 5.2 billion of these new urban residents, accounting for nearly all of this city population boom, will live in regions of the world that are currently less developed, according to Fuller and Romer. More than 600 new cities with populations of ten million each would need to be built over the course of the coming century to accommodate this growth, they explain."

Excerpt from The New Yorker -- "Scott Galloway, a marketing professor at New York University’s Stern School of Business, told Marketplace that younger, hipper tech executives often show up at meetings jotting notes in a Moleskine instead of using a tablet."

Excerpt from Fast Co Labs -- “Arun Sundararajan, an expert on the sharing economy at New York University, is exploring measures that would capture the quality of life factors that appear to be increasingly important to workers. 'How much would I have to pay you to do this work instead of something you love?' he says. 'In dollar terms, that is the value that someone is applying to working only 30 hours a week so that they can spend more time with their kids. It’s crude, but I see that as a way of measuring the impact more completely.'”

Excerpt from The Huffington Post -- "Aswath Damodaran, professor of finance at New York University's Stern School of Business, assessing the value of the Coke brand, put it at $64.2 billion total worth, or 80 percent of the company's value."

Excerpt from Bloomberg View -- "Malcolm Baker and Jeffrey Wurgler published a paper in 2006 titled 'Investor Sentiment in the Stock Market.' Baker is at the Harvard Business School and Wurgler is at New York University's Stern School of Business. Both also do research for the National Bureau of Economic Research."

Excerpt from CNBC -- "An important overlooked fact in the current debate is that the same players who invested in speed have also invested in big data and sophisticated predictive analytics. A player with the ability to discover buried, but exploitable, patterns is at a huge advantage over the significant majority who are not well positioned to find them, including regulators."

White House senior economic advisors invited Dean Peter Henry to participate in a roundtable on April 16 in the Roosevelt Room with a select group of peer school deans to discuss best practices for a 21st century workplace that meets the needs of women and working families.

Excerpt from Barron's -- "So the ETF — whose top components include International Business Machines (IBM), Exxon Mobil (XOM) and 3M (MMM) — is akin to going 'long' the stocks of profitable, stable companies with high-quality earnings, while being 'short' a basket of stocks exhibiting the opposite of those qualities. The idea was developed by Cliff Asness, Andrea Frazzini and Lasse Pedersen."

Excerpt from The Wall Street Journal -- "'The unit cost of financial intermediation appears to be higher today than it was in the 1960s, and about the same as it was around 1900,' writes Thomas Philippon, finance professor at New York University's Stern School of Business. Mr. Philippon said advances in information technology should lower the physical transaction costs of finance. 'In finance, however, the exact opposite happens,' he says."

Excerpt from Next City -- “'There’s this clear, growing demand for the efficient provision of government services, and Congress I think has tried to compete along the lines of [government] transfers,' economist Paul Romer, who has studied India with the NYU Stern Urbanization Project, told Next City. 'They wouldn’t say it this way, but I think their basic strategy has been to try to impede the movement from rural areas to urban areas.'”

Excerpt from Fox Business -- "A pyramid scheme involves multiple layers of distribution... A pyramid scheme can go on for a while, but eventually you run out of new... distributors, and a company around for four decades, you start to wonder. Could it really be a pyramid scheme?"

Excerpt from Financial Times -- "Rosa Abrantes-Metz, an adjunct professor at New York University Stern School of Business, who has advised regulators on financial benchmarks and worked as a paid expert witness to class-action lawyers, has been one of the most vocal critics of the fix. She lists numerous weaknesses of the benchmark, from the lack of oversight to the fact that it involves 'five competitors exchanging information on prices while also doing proprietary trading'."

Excerpt from Marketplace -- "Tom Meyvis, a professor of marketing at the Stern School of Business at New York University, cites Brawny paper towel's sucessful handling of an image problem the brand had with its illustrated spokeman. 'The Wall Street Journal described him as a 70s porn star,' Meyvis says. But, Meyvis notes, that brand handled its image right–by taking baby steps. It slowly shrank the problem mustache, and character, until they were replaced by one a little more up to date."

Excerpt from MarketWatch -- “'When [baby product manufacturers] need to launch a new product, they need to go to the influencers,' Ghose says. 'And mommy bloggers are obviously very influential.' Ghose says that while there haven’t been rigorous academic studies yet quantifying the impact of these influencers on sales, anecdotal evidence abounds, such as LeapFrog Enterprises Inc.’s (NYSE:LF) success during the holiday 2011 season promoting its LeapPad tablet through popular bloggers. The company said in its subsequent annual report that the LeapPad launch helped boost its net sales 5% from 2010 to 2011, to $455 million."

Excerpt from The New York Times -- "Mr. Philippon starts with the familiar observation that finance has grown much faster than the economy as a whole. Specifically, the share of G.D.P. accruing to bankers, traders, and so on has nearly doubled since 1980, when we started dismantling the system of financial regulation created as a response to the Great Depression. What are we getting in return for all that money? Not much, as far as anyone can tell. Mr. Philippon shows that the financial industry has grown much faster than either the flow of savings it channels or the assets it manages."

Excerpt from Reuters -- "Over the long term, China’s road to economic reform will be bumpy and politically unpredictable. Its state capitalist model will remain the dominant economic force for the foreseeable future. A more acute economic slowdown could undermine Xi’s reform agenda. Criticism from political elites, their influence waning, will grow louder — and perhaps too ear-splitting for reforms to be sustainable."

Excerpt from The New York Times -- "It is what the psychologists Yaacov Trope of New York University and Nira Liberman of Tel Aviv University called temporal construal theory. They showed that people are more idealistic and generous when dealing hypothetically with the distant future than they are about actions they need to take today. That’s why it pays to ask people to decide on measures to uphold egalitarian ideals when they don’t have to cough up the money immediately."