Experience Stern | News & Events

Excerpt from the Financial Times -- "'Aramco is part oil and gas company, part government welfare fund, part sovereign investment fund,' says Aswath Damodaran, a professor at New York University. 'At the same time it’s a symbol of Saudi Arabia to the world. It’s all of these things. How much can you truly separate these functions?'"

Excerpt from The Wall Street Journal -- "I’ve seen platforms, like Catalant for management consultants, UpCounsel for legal services, Gigster for high-end machine-learning programming. There are platforms for accounting, for sales—where rather than going to a large branded service provider for certain things, you go to a platform instead. Like, if you struck out on your own as a lawyer now you’d be precluded from a lot of large corporate work because they go to the big firms. What these platforms are doing is trying to strike that middle ground where the individual is running their own tiny business through the platform, but the platform is aggregating demand, giving them scale, giving them a little bit of brand."
 

Excerpt from the Financial Times -- "For Menachem Brenner, co-academic director of the programme, the crisis sharpened his ambitions for the programme. He had been teaching on the course but became its director just as the crisis erupted. 'It had so many lessons for us worldwide,' he says. 'And one of the things I saw as a mission was to bring into the programme those lessons drawn from the crisis.'"

Excerpt from CGTN -- "I think that many of the business models are quite solid because of so much excitement around the sharing economy, especially in China. My book came in out in China a couple of months ago and I think it sold way more in China than it did in the United States already. But because of the excitement, there's going to be over-investment, so there are bound to be some high-profile failures over the next few years. But, fundamentally, we are looking at a multi-trillion-dollar sector of the economy in the years to come, as many of these business models, like Didi Chuxing's business model, become the dominant way of organizing economic activity and getting the services in the coming years."

Excerpt from Bloomberg -- "'The bottom line is that, although default was averted, no measures were taken that would create a path leading Greece to financial markets,' said Nicholas Economides, professor of economics at the Stern School of Business, New York University. 'At present, a fourth loan agreement in 2018 seems likely.'"

Excerpt from The Washington Post -- "By coming under the Amazon umbrella, Whole Foods may develop new methods for distributing food that could also allow it to reach more customers, Eggers says. A strategy that lowers the prices on its high quality organic products could help it win more market share away from competitors, Eggers says. It could also put pressure on other stores to lower their prices as well, he says."

Excerpt from USA Today -- "'If you look at the whole grocery world, Amazon is a relatively small player, as is Whole Foods. I don't see any red flags on antitrust grounds,' said Nicholas Economides, a mergers and acquisitions professor at New York University’s business school."

Excerpt from The Australian -- "Claudine Gartenberg, Andrea Prat and George Serafeim analysed responses from 456,666 employees in 429 firms over six years and across a broad range of industries. In their paper, Corporate Purpose and Financial Performance (hbswk.hbs.edu/item/corporate-purpose-and-financial-performance), published by Harvard Business School last year, the trio found that 'firms exhibiting both high purpose and clarity have systematically higher future accounting and stock market performance'."

Excerpt from VentureBeat -- "Adam Alter, a marketing professor at NYU-Stern, tries to explain this in Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. He cites a 2015 study that shows 6 in 10 people (59 percent) admit they are dependent on social media sites but say their reliance on these sites ultimately makes them unhappy."

Excerpt from The Economist -- "In some areas red tape surely has choked lending—notably residential mortgages, where recklessness led to catastrophe a decade ago. But the report pays scant attention to the possibility that slow growth may instead cause weak demand for credit. 'I don’t think the economy is credit-constrained,' says Kim Schoenholtz of New York University’s Stern School of Business."

Excerpt from Quartz -- "'They have been able to utilise the manufacturing infrastructure in Shenzhen and thus build high-quality smartphones with flagship-standard specs at low cost,' NYU’s Ghose said, adding that they also enjoy tax breaks and more lenient labour and environmental standards. Now, with Indian prime minister Narendra Modi’s 'Make in India' push, Chinese phone-makers like Huawei are bringing their production to India, driving down costs further by bypassing import charges."

Excerpt from Forbes -- "The Gatorade Gx platform, including customizable hydration pods, creates a new, direct-to-consumer business model for Gatorade and more sustainable product delivery system. Building on years of science and research at the Gatorade Sports Science Institute, Gx incorporates compelling aspects of the latest trends in personalization and customization."

Excerpt from Bloomberg -- "I think there are positive aspects to both the CHOICE Act and to the Treasury proposal. I think it makes a lot of sense to reduce the regulatory burden on most banks, which are, in fact, rather small and pose very little threat to the financial system. However, unfortunately, both the CHOICE Act and the Treasury's proposal also appear to reduce the capital needs for the largest, most interconnected, most opaque banks, the ones that can really threaten the system."

Excerpt from The New York Times -- "As Aswath Damodaran, a finance professor at the New York University Stern School of Business, put it, 'It’s always tough to follow a legend.'"

Excerpt from CCTV -- "GM is trying to announce that it's a player on the stage of autonomous vehicles now. It's competing with the likes of Google and Apple. And GM is moving into that business. It's not content just to be an automobile assembler, an automobile manufacturer -- but also wants to be a technology player as well. So this announcement says, hey, we have the entire capabilities right now to go ahead and mass-produce not just the vehicle portion, but the vehicle portion plus the technology portion."

Excerpt from Global Finance Magazine -- "'On the academic side, you’ve got a new model; and in the real world, you have a real exchange for pricing them,' says Stephen Figlewski, professor of finance at the Stern School of Business at New York University. 'What the model really gives us is it tells us how to hedge and manage the risk of options.'"

Excerpt from Global Finance Magazine -- "'The faster the speed, the more it moves away, because you have so much power in your trading and there’s no one on the other side—it could accentuate the volatility of the market,' says Subrahmanyam. 'Liquidity is enhanced, price discovery is improved, but it could lead to a flash crash.'"

Excerpt from Poets & Quants -- "'JP Eggers for Strategy (core). As someone with little prior formal business education, having him my first semester was a very helpful way to get acclimated. The way he broke down cases and worked through frameworks reminded me of literature and history classes from my liberal arts degree.'
– Ward Wolff, New York University (Stern)"

Excerpt from Bloomberg -- "For example, a 2014 paper by John Asker, Joan Farre-Mensa and Alexander Ljungqvist found that 'compared to private firms, public firms invest substantially less and are less responsive to changes in investment opportunities.' Also, there’s evidence that founder-led companies tend to outperform."

Excerpt from The Wall Street Journal -- "Every major industry is vulnerable to disruption, said NYU Stern professor Arun Sundararajan. Managing that disruption, CFOs and other top executives will become more important than ever, Mr. Sundararajan said."

Excerpt from TheStreet.com -- "'This could make sense for smaller, non-systemic banks,' he said. 'For the larger systemic banks, 10% capital may not be enough, or 10% capital alone without other things like stress tests, like closer scrutiny, because these are the large systemic guys, these are the guys who, if they did get into trouble, could have contagion type effects.'"

Excerpt from WIRED -- "'If nothing else, you will see more caution, at least for the moment, in how founders present themselves in public,' says Aswath Damodaran, a professor of finance at NYU's Stern School of Business. ... 'This is a good illustration of how, if you place growth above everything else, it can lead to long-term repercussions for the company,' says Sundararajan."

Excerpt from Recode -- "'The majority of retailers will face this triple threat of stagnant wages in the middle class, a transition away from typical retail goods to more experiences and Amazon/fast fashion,' Galloway said on the latest episode of Recode Decode, hosted by Kara Swisher. 'And also the over-storing of America: We could lose a third of our retail space and probably not miss it.'"

Excerpt from Poets & Quants -- "'It’s a brand new idea and a new concept,' says Gallogly in an interview with Poets&Quants. 'We are looking for students who are not only capable academicaly but also capable in leadership, managing teams and having emotional intelligence. So we really asekd ourselves what can we do to get more insight into a person’s emotional intelligence into their character.'"

Excerpt from Luxury Daily -- "'It serves two functions. On the one hand, it allows technology to become a very handy platform through which the medium of fashion can be explained, illustrated and preserved all the while reaching a very broad public,' [Serdari] said. 'On the other hand, it also demonstrates Google's unconventional thinking in terms of classifying and discussing fashion.'"