Experience Stern | News & Events

Excerpt from TIME -- "Loving cats may not make a person a liberal, but it does increase the odds that a person already is one. To see how accurate our survey was, we analyzed the data from 220,192 TIME readers who took the quiz and then volunteered their actual political preferences, and found that all 12 items did in fact predict partisanship correctly."

Excerpt from MIT Technology Review -- "Money is supposed to serve three purposes: it functions as a medium of exchange, a unit of account, and a store of value. Bitcoin arguably satisfies the first criterion, because a growing number of merchants accept it as payment. But it performs poorly as a unit of account and a store of value."

Excerpt from Inc. -- "Damodaran valued Coca-Cola's business at $79.6 billion, while the value of Cott was limited to $15.4 billion. To figure out the pricing premium, he simply subtracted Cott's value from Coca-Cola's value, arriving at a $64.2 billion total worth for Coke's brand alone."

Excerpt from The New York Times -- "With its thousands of years of centralized decision-making, China may never resemble a Western democracy. But the elite recognizes it must sustain popular support, Mr. Spence said. 'If the party does not deliver real progress to the vast majority of Chinese — it’s a very inclusive concept — they will fail.'”

Excerpt from The New York Times -- "Going abroad for cheap labor isn’t just for big businesses anymore. Thanks to the rise of online job marketplaces, small businesses are increasingly using foreign contract workers to lower their costs. It’s a trend that has the potential to redistribute global wealth, say a group of researchers in a recent working paper published by the National Bureau of Economic Research."

Excerpt from Traders Magazine -- "The outmoded technology used by buy side firms 'bear the characteristics of the typical legacy system,' writes Walter. He added that these aging systems are 'defined as inflexible, outdated and composed of a patchwork of disparate technologies, these systems severely limit product and business development while increasing risk.' according to a press statement about the white paper."

Excerpt from Marketplace -- “'I can’t imagine that there won’t be some cuts even at those lower levels, because we are talking about an industry that is under some threat,' says Batia Wiesenfeld, professor of management and organizations at NYU's Stern School of Business. Wiesenfeld says the merger – if it goes through – may just speed things up, as management makes sure the new company is as lean as it needs to be, given shrinking customer demand."

Excerpt from The New York Times -- “'Google has won,' said Nicholas Economides, an economics professor at the Stern School of Business of New York University, and currently a visiting professor at the University of California, Berkeley who specializes in network economics and electronic commerce. 'We’re in a world where the biggest market share by far is Android. And the second-biggest is Apple. Then, way behind, is Microsoft. What’s in this game for Microsoft?'”

NYU Stern’s Latin American Business Association (LABA) will host their fifth annual conference on February 14, themed, “Opportunity Knocks: The Emergence of Latam.”

The Urbanization Project’s Brown Bag Discussion Series brings together students, scholars, and practitioners from NYU and NYC to talk with featured guests about their ongoing urban-related work.

Excerpt from Poets & Quants -- "Anindya Ghose holds nine 'best paper' awards, the National Science Foundation’s CAREER Award, a Google Faculty Award, and more than a dozen grants from Microsoft, Google, and other corporations. His investigations into the economic consequences of social media, digital advertising, and mobile advertising are his claim to fame. He is an expert in quantifying the economic value of user-generated content on social media; examining the economics of search engine advertising; modeling consumer behavior on the mobile Internet; and measuring the welfare impact of the Internet. When he’s not teaching or producing award-winning academic work, Ghose keeps himself occupied as senior adviser to technology start-ups."

Excerpt from The New York Times -- “'These people have an incredible problem-solving focus,' said Jonathan Haidt, a professor of business ethics at the New York University Stern School of Business. Mr. Haidt pointed out why private equity specifically might fit this mold. 'Private equity is all about coming in, finding the inefficiencies, ripping them out, putting in better procedures and making the thing more valuable.'”

Excerpt from The New York Times -- "As finance has grown, and with its profit margins remaining fat, compensation for financiers has grown. Earnings for financial industry professionals, measured as a share of the overall economy, are at a high, at around 9 percent, Thomas Philippon of New York University has found."

As part of the Leadership Case Event series, Stern MBA student teams tackled a real-world business challenge and developed recommendations to share with Chris Golier (MBA '06), alumnus and vice president of mobile marketing and strategy for the National Hockey League (NHL).

Excerpt from Bloomberg TV -- "It's more challenging for a company to try and express things visually versus text, but we've been listening to words for a few thousand years, reading words for a few hundred years. We've been interpreting images for thousands or even millions of years, whether it was writings on cave walls or looking at how high the sun was in the sky to figure out when we plant our crops, so visuals are really impactful...The rise of the visual web, it's here's and it's happening."

Excerpt from Reuters -- "'Whether you disclosed it or not, the question remains: Were the transactions injurious to the shareholders?' said Roy Smith, a finance professor at the Leonard N. Stern School of Business at New York University."

Excerpt from TIME -- "Sure, free trade helps U.S. exports, but again, it doesn't necessarily create more jobs. Indeed, as Nobel laureate Michael Spence has shown, net job creation in areas of the American economy most open to trade has been basically nil since the 1980s. Immigration could bring in more skilled labor. But that's also a marginal change, not a structural shift in our economy."

Excerpt from The Economist -- "Weak government services are the main reason poor countries fail to catch up with rich ones, says Mr Romer. One response is for people in poorly run places to move to well governed ones. Better would be to bring efficient government services to them. In a recent paper with Brandon Fuller, also of NYU, Mr Romer argues that either response would bring more benefits than further lowering the barriers to trade in privately provided goods and services."

Stern Women in Business (SWIB) will host their 22nd annual conference on Friday, February 7. This year's theme, "Reframing the Conversation: New Perspectives on Women in Business," will feature a keynote talk from Rosanne Haggerty, President of Common Solutions, as well as a keynote panel.

On February 6, Dstillery and NYU Stern's Center for Business Analytics (CBA) co-hosted Advertising and Data Science Congress (ADS*CON), a half-day symposium dedicated to exploring the impact of the data science revolution on the digital advertising ecosystem.

Excerpt from Bloomberg Businessweek -- “'This is a nothingburger,' says Robert Salomon, a management professor at New York University’s Stern School of Business. 'A blip on the radar. It makes for interesting theater, but in the world of M&A this is barely an average-size deal.'”

Excerpt from Bloomberg Businessweek -- "For the Stern team, the road to Bordeaux began last fall, when full-time MBA student Alex Reicherter hooked up with part-timers Adam Teeter and Michael Modisett. Shortly after the group formed, Dan Amatuzzi, a Stern alum and wine director at New York City market Eataly, reached out to offer his expertise."

Excerpt from Al Jazeera -- "Obviously this was not part of the plan when Mr. Gates stepped away at that point in time, but I think, given the struggles the company has had in terms of its strategy, in terms of its innovation and technology, there's a strong sense that he needs to become more involved. He is very clearly the public face to developers, to investors, to everyone of Microsoft and this is his legacy. This is his baby in many ways and I think he has a vested interest in seeing it succeed at this point."

Excerpt from The Wall Street Journal -- "'It's like a glimmer of sunshine, that one-year uptick,' said Richard Sylla, a financial historian at New York University. 'That's what you would expect to see in a growing, vibrant economy.'"

Excerpt from TIME -- "If you’re a sponsor, a spectator, or Vladimir Putin himself, you better brace yourself for the Sochi Olympic Games. Between the security risks, violence in neighboring Ukraine, protests from the international community and the staggering price tag, Sochi has earned its status as the most geopolitically interesting Olympics since 1980 (incidentally, the last time the Games were held in Russia)."