Experience Stern | News & Events

Excerpt from Salon -- "This is a psychological phenomenon where the least knowledgeable and most ignorant persons about a given subject are most likely to assert their expertise about it. Trump's repeated claims to be 'smart' and 'intelligent' are an example of the Dunning-Kruger effect in practice."

Excerpt from The New York Times -- "Enforcement actions brought against public companies by the Securities and Exchange Commission declined 33 percent in the 2017 fiscal year, with much of that decrease happening after President Trump entered office, according to a report from Cornerstone Research and the New York University Pollack Center for Law & Business."

The U.S. Securities and Exchange Commission filed 33 percent fewer enforcement actions against public companies and their subsidiaries in fiscal year 2017. This decline coincided with changes in SEC leadership, according to a report issued jointly by the New York University Pollack Center for Law & Business and Cornerstone Research.

Excerpt from Quartz -- "In the long-run, Indian consumers stand to gain. Flush with funds, Ola and Uber may well turn their attention to innovation instead of competing on prices, said Anindya Ghose, the Heinz Riehl professor of business at New York University. 'Net net, this investment will lead to a good outcome for consumers,' he said, 'as it will force both players to pull up their socks, roll their sleeves, and revisit how they can improve the quality of their service in India.'"

Excerpt from Reuters -- "The latest step goes farther and was praised by critics such as Paul Barrett, deputy director of the New York University Stern Center for Business and Human Rights. 'If the terrorist is in the business of recruiting and inciting people to make violent attacks, you’ve got to the draw the line' against any of their content, Barrett said."

Excerpt from NPR -- "The study looked at what happens when one of those states changes its corporate tax rate, and how it affects different parts of the region. Their conclusion: Tax increases can hurt a region's economy, but no evidence exists that tax cuts spur growth."

Excerpt from The Wall Street Journal -- "States usually team up to prosecute large corporations like Google, with bigger states like New York or California leading the way, said New York University economics professor Nicholas Economides. He predicted Missouri would try to recruit other states if it seeks charges. 'Google is going to be a significant case,” he said. “If it’s going to be just Missouri, that would be a very unequal fight.'"

Excerpt from The Wall Street Journal -- "'The overwhelming story is that it doesn’t seem to matter what Uber does with fares' when it comes to driver earnings, said John Horton, an NYU assistant professor of information, operations and management sciences, and a co-author of the study, called “Labor Market Equilibration: Evidence from Uber."

Excerpt from The Wall Street Journal -- "Almost every big company using AI to automate processes has a need for humans as a part of that AI, says Panos Ipeirotis, a professor at New York University's Stern School of Business. America's five largest financial institutions employ teams of non-engineers as part of their AI systems, says Dr. Ipeirotis, who consults with banks."

Excerpt from US News & World Report -- "Adam Scheer, a first-year MBA student at New York University's Stern School of Business and a recipient of its Fertitta Veterans Scholarship, says the availability of this scholarship, which reduces tuition to a flat $30,000, was a contributing factor to his decision to attend the school. 'It was definitely a difference maker,' says Scheer, a former Navy SEAL and current Navy reservist. ... Isser Gallogly, associate dean of MBA admissions and program innovation at Stern, says military MBA applicants are often highly competitive for a business school's general merit scholarships."

On November 10, NYU Stern’s Graduate Marketing Association (GMA) will host its annual conference entitled, “GAMECHANGERS: Industry-Disruptors Challenging the Status Quo.” 

Excerpt from Business Insider -- "The global economy keeps growing, the inflation rate is still low, and central banks slowly depart from their unconventional, extra-easy monetary policy. Investors buy risk and their attitude toward the risk is optimistic. So, right now I don’t see any major threats."

Excerpt from BusinessBecause -- "Nicholas thinks that, in some instances, the onus lies with governments. The Irish government did little to discourage Apple from exploiting a tax loophole. 'The tax issues with Apple in Ireland came from the way the Irish government wrote their contracts,' he explains, 'Apple was paying almost no tax at all as a result of that.'"

Excerpt from The New York Times -- "More and more, we are wondering why, when we know the top Silicon Valley companies are not benevolent, we invite them into the most intimate areas of our lives, as Scott Galloway asks in 'The Four,' a book about how Amazon, Apple, Facebook and Google are refashioning the world. 'Are these entities the Four Horsemen of god, love, sex, and consumption?' Mr. Galloway wonders. 'Or are they the Four Horsemen of the Apocalypse?'"

Excerpt from Fox Business -- "Like all big conflicts over the last 100 years, the war against big tech is going to break out in continental Europe. No university buildings or hospital wings are named after Facebook or Amazon billionaires in Europe. They register…a fraction of the upside but a lot of the downside in terms of anti-competitive or job destruction which is going to stiffen the backbone of EU regulators."

Excerpt from Bloomberg -- "'The rule-makers have woken up to the fact that they can’t regulate Uber and Lyft out of existence but at the same time I think cab companies start out with a legacy problem,' said Aswath Damodaran, a professor at the New York University Stern School of Business."

Excerpt from Accounting Today -- "Overall, our findings are consistent with the view that mandating a fully independent audit committee with at least three outside directors is not, on average, value enhancing…Assess[ing] changes in financial reporting quality…we find no evidence that [the rule] produced tangible benefits to shareholders."

This program is for general and functional business managers who interact regularly with the firm’s finance area; managers who make business decisions that affect the firm’s financial results, or are impacted by financial models; and financial analysts and investors who would like to understand how to interpret the data in financial statements to assess a firm's future prospects and value.

Excerpt from El Pais -- (translated from Spanish using Google Translate) "'Technology companies fear that, sooner or later, [governments] will try to pass a regulation that substantially alters their business model,' explains Pankaj Ghemawat, a professor at New York University and IESE Business School. Author of World 3.0: Global Prosperity and How to Achieve It."

Excerpt from Philstar.com -- "The DHL Global Connectedness Index – which tracks international trade, capital, information and people flow – shows that globalization slowed down in 2015 but did not go into reverse. Updated data for 2016 for trade and investment suggests a continued slowdown but still no reversal."

Excerpt from Xinhua -- "Corporations would have greater levels of profitability due to lower taxes, while higher level of profitability for corporations leads to higher stock prices, Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview."

Excerpt from The New York Post -- "'This was probably due to hurricane impacts but fits into a larger trend where wage growth has been weaker in this recovery than prior ones,' Joseph Foudy, a business professor at New York University, told The Post."

Excerpt from The Ringer -- "Alter and colleague Daniel Oppenheimer studied the performance of hundreds of stocks from 1990 through 2004 and found the ones with simpler names were the ones that performed better. The same went for politicians ('people prefer politicians with simpler names') and lawyers in American firms ('fluent names rise up the legal hierarchy to partnership more quickly')."

On Friday, November 3, NYU Stern hosted its second-annual FinTech Conference entitled, “The Transformative Potential and Regulatory Challenges of FinTech.” 

Excerpt from Fox Business -- "Simplification.. one page.. that is music to my ears. At the same time, we've got to remember, we've got all these things we as a population, we as an electorate, want to have done, whether it's having a safe country, increasing the capability of the men and women who serve in our armed forces, getting a better air traffic control system, getting more potholes fixed in our roads... all of those things, we've got to pay for them somehow."