School News

In a co-authored op-ed, Research Scholar Brandon Fuller examines the Yes in My Backyard (YIMBY) movement, favoring expansion of affordable housing, among Republicans

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Excerpt from City Journal -- "From a moderate Republican mayor in Southern California to a conservative Republican state senator in Utah, some in the GOP are taking up the YIMBY charge. It’s a start, suggesting that Republicans have at least begun to engage seriously on issues facing urban and suburban communities. These and similar efforts could end up building more than just houses—they might also lay the groundwork for an urban Republican resurgence."
School News

The 2019 Ashok C. Sani Distinguished Scholar-In-Residence Lecture, hosted by Stern's Business & Society program and delivered by filmmaker M. Night Shyamalan, is featured

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Excerpt from IndieWire -- "Regardless of Shyamalan’s current struggles with critics, he remains a singular voice in American cinema — and, as an NYU film school graduate, an inspiration to many students there. That was evident during the Q&A session following his lecture, when he dispensed advice to several film production students who cited him as among their favorite directors."
School News

Stern's 2019 Graduate Convocation keynote speaker, Janet Foutty, chair and CEO of Deloitte Consulting LLP and chair-elect of Deloitte LLP, is spotlighted in a roundup of top b-school commencement speakers

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Excerpt from Poets & Quants -- "Graduation Date: May 24, 2019, Graduation Speaker: Janet Foutty, Chair and CEO of Deloitte Consulting"
Faculty News

Professor Arun Sundararajan is interviewed for a story on the growth of the sharing economy

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Excerpt from Exame -- (translated from Portuguese using Google Translate) "'On the one hand, governments should not inhibit platforms that empower people. On the other hand, platforms like Uber and Lyft do not allow their drivers to set prices or make marketing decisions. It is in that area that governments should act to prevent an increase in inequality,' says Sundararajan."
Faculty News

Professor Anindya Ghose examines how the TikTok app's ban in India will impact its growth trajectory

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Excerpt from Quartz -- "'If any action is taken it would be a major blow to TikTok’s growth because of the 188 million new users that it gained last quarter, the largest growth came from India, which had 88.6 million new users,' said Anindya Ghose, the Heinz Riehl professor of business at New York University’s Stern School."
Faculty News

Professor Roy Smith explains why he believes that sponsors of IPOs on China's forthcoming tech-focused exchange will be required to invest in the ventures

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Excerpt from Bloomberg -- "'The idea is to make sponsors/underwriters more conservative in promoting IPOs that seem hot, with "skin in the game,"'" he said by email. 'Chinese sponsors may be willing to take on this risk for various local reasons. Foreign banks, maybe not.'"
Faculty News

Research by Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland on the EB-5 Immigrant Investor Program is cited in an article on Hudson Yards

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Excerpt from The New York Times -- "The Century Plaza Hotel in Los Angeles, the Resorts World Las Vegas and the Wharf in Washington are among the many projects that have raked in hundreds of millions in cash-for-visas financing. ... According to New York University’s Stern Center for Real Estate Finance Research, no proposal for a fix in Congress has reached a vote in committee."
Faculty News

In a live interview, Professor Charles Schreger explains the longstanding conflict between writers and their agents

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Excerpt from Bloomberg -- "The Writers Guild has a simple point of view, and the Writers Guild says that there's one legitimate way for a writer to be paid—for an agent to be paid—and that would be [that] he'd be paid by the client. They think that there's something unethical and perhaps illegal about being paid—about the agent being paid—from the production activity. So that's where it really begins."
School News

Senior Research Scholar Alain Bertaud's book, "Order Without Design," is cited

Excerpt from Hindustan Times -- "In his book, Order Without Design, Alain Bertaud also notes that worker productivity starts to wane beyond 20 minutes of travel time to workplaces and disappears beyond 60 minutes of it."
Business and Policy Leader Events

2019 Ashok C. Sani Distinguished Scholar-In-Residence Lecture Featuring M. Night Shyamalan

M. Night Shyamalan
On Tuesday, April 16, NYU Stern’s Business and Society Program (BSP) hosted the 2019 Ashok C. Sani Distinguished Scholar-In-Residence Lecture, delivered by filmmaker M. Night Shyamalan (TSOA '92). A packed audience of NYU students, alumni and guests from the family of alumnus Ashok C. Sani (BS ’74) gathered at NYU’s Skirball Center for the Performing Arts for the talk entitled, “The Struggle to Find Your Voice.”
Faculty News

In an interview, Professor Jamyn Edis provides his outlook on Disney's new streaming service, Disney+

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Excerpt from Knowledge@Wharton -- "I've got to say that I have not been bullish on most of the companies that are going with their direct to consumer plays in the last few years, but I think that if there's one company that can pull it off it's Disney. And I think that that really boils down to one word and that word is content... There's no other company with that breadth and depth of assets."
Faculty News

Professor Thomas Philippon describes his research on the US economy and his forthcoming book, "The Great Reversal"

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Excerpt from Le Monde -- (translated from French using Google Translate) "The French economist explains, in a book to be published in September in the United States, The Great Reversal, 'how America abandoned the free markets' and cartelized its economy."
Faculty News

Professor Aswath Damodaran shares his outlook on Uber's valuation

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Excerpt from CNBC -- "'The market is a pricing game and not a value game,' Damodaran told CNBC in a phone interview. 'When you have young companies like these it’s all mood and momentum driving prices.'"
Research Center Events

AI in Business: Machine Learning, Ethics, and Fairness

NYU flags outside of the Henry Kaufman Management Center
On Monday, April 15, NYU Stern's Fubon Center for Technology, Business and Innovation will host a talk on “Machine Learning, Ethics, and Fairness” by Dr. Solon Barocas.  A fireside chat featuring Dr. Barocas in conversation with NYU Stern Professor Foster Provost, the Director of the Fubon Data Analytics and AI Initiative, will follow.
Faculty News

Professor Scott Galloway is quoted in an article on Amazon and regulation

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Excerpt from CNBC -- "'I believe Amazon has made the connection between likability and immunity from regulation,' said NYU business professor Scott Galloway, author of 'The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google.'"
Faculty News

Professor Aswath Damodaran shares his outlook on Snap's business strategy

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Excerpt from Financial Times -- "'Facebook has taken so much oxygen that everyone else is having trouble breathing,' says Aswath Damodaran, finance professor at New York University. 'Snapchat is still attuned to a certain young demographic — it was the first video social media company. But it now needs to . . . find its niche and survive.'"
Faculty News

Professor Lawrence White discusses UBS' declining presence in the United States

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Excerpt from Stamford Advocate-- "'What we’re seeing in Connecticut is the continued process of UBS pulling back on its ambitions of having a large footprint in the United States,' said Lawrence J. White, a professor of economics at New York University. 'I think they’re going to continue to want to have a presence in the U.S.; for a large international bank, they can’t not be in the United States.'"
Faculty News

In a live interview following the Dubrovnik Summit, Professor Nicholas Economides discusses China's relations with Europe

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Excerpt from CGTN -- "I think the partnership is significant more from the point of view of investment, and especially for Greece it's especially important from the point of view of investment. Because of the economic crisis, Greece needs, relatively quickly, within the next year, another $100 billion or Euros of investment. So, to the extent that China can offer that, Greece would be very grateful."
Business and Policy Leader Events

Stern EMBA Speaker Series: Charlie Reinhard (MBA ‘94)

Executive MBA alumnus Charlie Reinhard
On April 12, 2019, NYU Stern's Executive MBA Program and NYU Washington DC hosted a Stern EMBA Speaker Series event at NYU’s downtown DC location featuring EMBA alumnus Charlie Reinhard (MBA ‘94), Head - NAM Investment Strategy at Citi Private Bank.
Faculty News

Professor Robert Salomon offers advice for global companies to combat economic nationalism, drawing from his book, "Global Vision;” the DHL Global Connectedness Index, co-authored by Professor Pankaj Ghemawat, Senior Research Scholar Steven Altman and Ass

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Excerpt from The Economist -- "Differences in cultural, political and economic institutions between countries can create impediments to or encourage globalisation, explains Robert Salomon, professor of management and organisations at NYU’s Stern School of Business and author of 'Global Vision: How Companies Can Overcome the Pitfalls of Globalization.'"
Faculty News

In an interview, Professor Pankaj Ghemawat shares takeaways from his work on the DHL Global Connectedness Index, co-authored with Senior Research Scholar Steven Altman and Associate Research Scholar Phillip Bastian

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Excerpt from Die Presse -- (translated from German using Google Translate) "'When you do a poll, the majority will always estimate the interconnectedness of the world more than it really is. Whether it's international investment or trade, people have an exaggerated notion of globalization.' Ghemawat is co-author of the 'DHL Global Connectedness Index', which is published every two years."
Faculty News

Professor Paul Hardart underscores Netflix's worldwide reach in an article about the launch of Disney+

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Excerpt from The Wrap -- "'The power of Netflix is there are few places you can go to say, "I want my film or documentary or show to be global immediately,"' Hardart said. 'Beyoncé can say, "I want my new documentary to reach the world," and 140 million people will see it this week, boom.'"
Faculty News

Professor Michael Posner is quoted in a story about the UK's proposed legislation to regulate social media platforms

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Excerpt from Financial Times -- "This week’s proposals could have an impact on attitudes far beyond Britain’s shores, warns Michael Posner, professor of ethics and finance at NYU’s Stern School of Business and a former Obama administration official. 'I think it will lead to each government deciding what is illegitimate or not,' he says. 'And you end up with what Iranians have called the ‘halal internet’ — where [each country] decides what is kosher or not.'"
Faculty News

Professor Harry Chernoff is interviewed about investing in real estate

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Excerpt from Mansion Global -- "A really savvy homebuyer with cash on hand—and energy to spare on some serious strategizing—might take advantage of the current rates and embark on what’s known in the finance industry as 'leveraging,' or a way of using borrowed money to build potential returns from an investment over time, said Harry Chernoff, a clinical professor at New York University’s Stern School of Business and a long-time real estate developer."
Faculty News

Scholar-in-Residence Gary Friedland is quoted in a feature article on Hudson Yards and the EB-5 Immigrant Investor Program, from his joint research with Professor Jeanne Calderon

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Excerpt from CityLab -- "'The use of EB-5 capital to fund mega-projects like [Hudson Yards] absorbs a significant portion of the limited annual quota of EB-5 visas,' Friedland says."