Experience Stern | News & Events

Excerpt from the Stamford Advocate -- "'What’s happening is you have a government working with management and figuring out how to skinny the bank down,' said Charles Murphy, a professor of management practice in New York University’s Stern School of Business. 'They’ve gotten out of a lot of businesses and changed management. From the outside, it looks like it’s converting back to a more traditional British bank, as opposed to a global banking "thought process."'"

Excerpt from Bloomberg View -- "One popular worry about modern financial capitalism is that companies are investing less in their future growth than they should be, because rapacious shareholders are demanding that they spend their money on stock buybacks instead. Here's a new working paper from Germán Gutiérrez and Thomas Philippon finding more or less that."

Excerpt from The Telegraph -- “Where you’ve seen that in the UK is exactly on those issues where parties in a sense suppressed the debate … And in the end it may well have been inevitable either that there was a referendum or that one of the parties would have had to represent in a very clear way their position on the EU and give people a chance to vote on it.”

Excerpt from ICAS -- "'It’s fine if you want to eliminate the deficit, but the reverse will happen,' says [Salomon]. 'As that money flows out and we start levying tariffs, interest rates will rise and things will get more expensive for Americans.' When Americans stop spending, companies don’t profit and then they don’t hire as much, creating the reverse effect."

Excerpt from TheStreet.com -- "'The average Indian consumer does not need as much as "localization" in high tech and high value assets as the average consumer elsewhere, such as in China. What that means is what works in the US will also, for the most part, work very well in India,' said Ghose."

Excerpt from Bloomberg -- "Esaki and his co-author, Larry White, a professor at NYU Stern School of Business, are trying to fix a long-standing problem in the ratings business: issuers pay for ratings, so graders have an incentive to go easy on their customers to win more business."

Excerpt from Human Resources Executive -- "The school is currently designing a two- or three-day course called 'HR Analytics,' for executives that will examine best practices for leveraging data and analytics to drive successful strategies, says Naomi Diamant, a clinical assistant professor of management communication and assistant dean of global executive education programs."

Digital technology is redefining business models and transforming industries from finance to fashion at an unprecedented pace. In response, NYU Stern School of Business is introducing a new Advanced Professional Certificate (APC) in Digital Business. 

NYU students, alumni, faculty and staff gathered at NYU Stern on February 8 for the kickoff of the Second Annual MISSION: APPOSSIBLE, the NYU Mobile App Contest. 

Excerpt from Herald Live -- "One student, Ria Tobaccowala (who was enrolled in a joint MBA and masters degree in fine art, at New York University (NYU)), explained that she went to business school to become 'a well-rounded, empathetic global leader [and] wanted to understand the changes taking place in the global economy, not just what’s going on in downtown Manhattan.' These experiential learning projects broadened students’ perspective on humanity, Shlomo Angel, a professor at NYU said, and had 'nothing to do with making money.'"

Excerpt from Forbes -- "Recognizing that low cost hardware manufacturing is not a way to sustain an economy when lower labor countries can undercut them in price, and recognizing the tremendous, broad spectrum engineering talent it has as a country, Taiwan is once again reinventing itself, focusing on intellectual property and innovation that are less capital intensive."

Excerpt from The New York Times -- "Paul Romer is a highly regarded macroeconomist who recently became chief economist at the World Bank. (It was Romer who is credited with having coined, in 2004, the famous slogan that 'a crisis is a terrible thing to waste.') Last winter he, too, issued a lacerating critique of his field, titled 'The Trouble With Macroeconomics.' His argument focuses on the question of 'identification,' which is shorthand in the field for how economists identify the cause of an event."

It was standing room only at the NYU Global Center for Academic and Spiritual Life on February 7, as Chandrika Tandon took the stage to introduce Satya Nadella to an excited audience of students from her namesake School of Engineering and the Stern School of Business.

Excerpt from The New York Post -- "'These stories, like this mother and daughter (from 84 Lumber), are ultimately hard to refute, hard to be critical of,' NYU marketing professor Minah Jung said. 'There was a collection of ads emphasizing liberty, equality, pro-immigration, diversity, uniting people from all backgrounds, openness to diversity.'"

Excerpt from Marketing Dive -- "'A lot of people are watching the Super Bowl just for the commercials. So any influencer that comments on or ties their post back to the commercials could do particularly well,' said Barasch. '[P]eople are looking to engage with brands, products, and ads more on Super Bowl day than any other day of the year — so something that is geared towards consumer action (e.g., visiting a website, using a hashtag on social media, participating in a contest) could be particularly effective.'"

Excerpt from New York Magazine -- "And Jonathan Haidt, a moral psychologist who has chronicled our political and religious divides, recently lamented today’s 'unstoppable process of reciprocally escalating outrage and disgust, justified via social media.'"

Excerpt from RealClearPolitics -- "Zipf’s Law itself is interesting and important, but the mechanics behind it are what really help explain the persistent split we see in mega-urban/rest-of-the-U.S. population. Harvard Professor Xavier Gabaix has written that Zipf’s Law will hold if every city, irrespective of its size, follows roughly the same random growth processes."

Excerpt from the Associated Press -- "The better educated and informed the public is, the more likely they are going to be 'asking questions and exploring alternative sources of information,' says Mike Posner, co-founder and co-director of the NYU Stern Center for Business and Human Rights. 'What you really want is people saying they want to see different sides of an issue, looking at things by people who don't agree with me, so one (part of the solution) is public education.'"

Excerpt from the Financial Times -- "Here’s a letter from a couple of noteworthy American economists — Stephen Cecchetti, a former head of the monetary and economic policy department at the BIS, and Kermit Schoenholtz, a former chief economist at Citi who now teaches at the Stern School of Business. It’s a response to that McHenry chap, from the House financial services committee who’s worried about Janet Yellen ‘UnfaiRLy PENALIZING American fiNANce!!"

Excerpt from Forbes -- "[Philippon] makes the argument that over the course of a century, the financial services industry has gotten much bigger but also much less efficient. Amazingly, the financial sector of today is much less efficient than the financial sector of the past which provided the capital to support the development of the country’s railroad, steel, and chemical industries!"

Excerpt from Innovation Hub -- "The arrival of a German immigrant, or any immigrant, has two opposing effects. One is if there is now an immigrant, I have to compete with that immigrant, so I may not be able to publish my papers, for example. Another one is that I can now learn from this new person and I can work with them. So what we find is that second effect dominated overall, so that American inventors became more productive after the German-Jewish immigrants arrived in the United States."

Excerpt from The Week -- "Companies like Uber and TaskRabbit are changing the definition of employment, offering freedom and flexibility to workers but also eroding labor protections and social security. 'In many countries, key slices of the social safety net are tied to full-time employment with a company or the government,' writes Arun Sundararajan of the New York University School of Business."

Excerpt from the Harvard Business Review -- "Stripped to its essentials, the Spence signaling model simply requires that there be a link between a desirable yet hidden attribute and the cost of doing something. And that something can be anything, as long as everyone knows it’s cheap for the smart and virtuous to do it, and difficult for anyone else."

Excerpt from the Los Angeles Times -- "'The country is so split politically right now,' said Russell S. Winer, a marketing professor at New York University. 'Marketers are spending at least $5 million just to be in the Super Bowl — and they don’t want their messages to alienate anyone.' ... 'Comedy is a good way to cut across the political spectrum,' Winer said."

Excerpt from Inc. -- "The founder of the Future Today Institute, a strategy and technology research firm, Webb has been studying the future of technology and media for more than a decade. (Previously, she launched Webbmedia Group, a company that advised media and tech companies.) These days, she also lectures at Columbia University, and was recently designated an adjunct assistant professor at NYU's Stern School of Business. Insiders called Webb a key 'trend spotter' of the New York startup ecosystem. Webb is also a columnist for Inc. magazine."