Experience Stern | News & Events

Excerpt from IndiaSpend -- "As flows of trade and people fell the world over since the 2008 global financial crash, India dropped 16 spots to 78 from 62 among 140 countries in 11 years to 2015 on a globalisation index brought out by international logistics company DHL. The Global Connectedness Index 2016, the fourth since it was first released in 2011, prepared by Pankaj Ghemawat and Steven A. Altman (both teach management at New York University Stern School of Business, US), was released on November 15, 2016."

Excerpt from The Wall Street Journal -- "'A relatively small share of borrowers accounts for the majority of outstanding student-loan dollars, so the outcomes of this small group of individuals has outsized implications for the loan system and for taxpayers,' the authors say."

Excerpt from WIRED -- "'The platforms are walking a fine line: Clearly they each want as much time as possible from the drivers, but they also don’t want to step over the line where there’s any indication that this is anything other than an independent contracting relationship,' says Arun Sundararajan, a professor of business at New York University and author of The Sharing Economy. 'There’s also potentially a danger in blocking the app, because both Uber and Lyft have market power now. This is an app in an adjacent space, and it could attract antitrust attention if they blocked it.'"

Excerpt from Digital Trends -- "'In my opinion, I think these efforts are not going to work out because internet service is considered an interstate service. This is regulated by the FCC,' said Nick Economides of the NYU Stern Business School, who specializes in electronic commerce and public policy and is pro-net neutrality. 'I don’t think the states have jurisdiction. They can try, and then some court is going to say they don’t have jurisdiction.'"

Excerpt from Bloomberg -- "'His general view would be, yes, these markets sometimes have sinking spells, there are people who are too enthusiastic or too pessimistic,' Sylla said. 'But most of the time, the markets do a great job of allocating capital.'"

On Feb. 15, the NYU Stern Center for Sustainable Business and GlobeScan co-hosted a panel discussion entitled, “Corporate Sustainability Leadership: Past, Present and Future Trends”.

Excerpt from MSNBC -- "I actually think the people that work for these firms are decent people. I know a lot of them. I just think a healthy part of the economic cycle is when a few firms aggregate too much power that the market needs to be oxygenated and they need to be broken up."

Excerpt from CT Post -- "Just as it is critical for companies to be able to get out of their comfort zone in order to successfully shift ahead, it is also critical for companies to maintain their authenticity. Martin Crane is who he is -- a straight-talking, retired police detective who just happens to move in with his pompous, smarty-pants son."

Excerpt from BusinessBecause -- "Citing preeminent nearby firms such as Union Square Ventures, IBM Blockchain Garage, the Digital Currency Group, [Yermack] adds that 'the main financial markets of the world and many of the important regulators are also in New York. It would be inexcusable for us not to tap into all the expertise and innovation that is occurring on our doorstep.'"

Excerpt from Fox Business -- "Well I think it's going to be a mixture of they will invest it in new products. They've got a strong tradition of developing new products that delight customers. They will be giving bonuses to a number of their employees and over the longer run it may well trickle into larger dividends but for the moment I think it's investing in the business and in their employees, both are terrifically important. I want to add one thing to what just got said about the tax cut, yes it was overdue but we missed an important opportunity to simplify the tax code to get rid of loopholes, there was precious little reform, way too much cut..."
 

Excerpt from BNN -- "One of the things that was also interesting about this group of people is that, first of all, most of them had far less formal education than you would expect for the fields they contributed to. And all of them resisted, in some way, the structure of formal education, but that doesn't mean that education wasn't important to them. What happened was that they consumed education on their own terms. So a lot of them were autodidacts, or self taught, and they read like crazy, and that enabled them to go as deep into a topic or as far abroad topics as they wanted, which turns out to be incredibly important because the curriculum that we might have in school or the pedagogical tools that we are using might be great for some students and might be a shackle for other students."

Excerpt from The New York Times -- "According to an analysis by Germán Gutiérrez and Thomas Philippon of New York University, the ratio of the market value of American corporations to the replacement value of their capital stock has roughly tripled since the 1970s."

NYU Stern undergraduate and graduate students, as well as Stern alumni from the classes of 2015, 2016, and 2017, are invited to attend the Stern Venture Fellows Kick-Off & Info Session to learn more about the program and how to apply.

NYU Stern Leadership Development hosted its first “Leadership in Crisis” simulation for MBA students. Designed to prepare students for managing real-world crises, the full-day event was made possible with support from Alvarez & Marsal, co-founded by Tony Alvarez (MBA ‘76), who serves as the firm’s CEO and is a member of NYU Stern’s Board of Overseers.

Excerpt from the Financial Times -- "In the late 1980s, a couple of finance academics, Menachem Brenner and Dan Galai, introduced the idea of an index that would effectively measure market expectations of how much the stock market might or might not wiggle around — and allow people to hedge against that change."

Excerpt from The Economist -- "The 'biggest bubble in human history comes down crashing,' tweeted Nouriel Roubini, an economist, gleefully."

Excerpt from Luxury Daily --  "The most beneficial aspect of 3D printing is that it forces brands to rethink their production process. Therefore, I would strongly advise anyone who wants to incorporate 3D printing to first study their existing production methods. At which point does the new technology allow for additional creative freedom? That's an added benefit."

Excerpt from The New York Times -- "'There was some gentle ribbing from my colleagues when I began giving talks on Bitcoin,' said David Yermack, a business and law professor at New York University who offered one of the first for-credit courses on the topic back in 2014. 'But within a few months, I was being invited to Basel to talk with central bankers, and the joking from my colleagues stopped after that.'"

Excerpt from the Financial Times -- "Drawing on the lives of Musk, Albert Einstein, Steve Jobs, Benjamin Franklin and many others, Schilling explores what drove them to create multiple breakthroughs and finds that while their intellect is key, this alone did not lead to their serial innovations."

On February 7, the NYU Stern Center for Global Economy and Business will host a fireside chat with Steven Eisman, The Eisman Group, Neuberger Berman. 

NYU students, alumni, faculty and staff gathered at NYU Stern on February 7 for the kickoff of the Third Annual MISSION: APPOSSIBLE, the NYU Mobile App Contest, a collaborative effort between Stern's W. R. Berkley Innovation Labs and Messapps.

Excerpt from Marketplace -- "Floors don’t really have traders. It’s being done in a computer system, in all likelihood in New Jersey. These automated trading models make the world go at speeds we really haven’t seen before."

Excerpt from Bloomberg -- "Entrepreneurs often fear what will happen to their creations once under the constraints of being a public company. Google’s Larry Page and Facebook Inc.’s Mark Zuckerberg each fretted over the risks of public scrutiny and quarterly earnings reports. 'The immediate feedback and daily heartbeat of Wall Street can be too much for a CEO who aims to take risks and experiment,' said John Horton, a professor at New York University’s Stern School of Business."

On February 6, 2018, the NYU Stern Center for Global Economy and Business hosted the Spring 2018 Economic Outlook Forum.

Excerpt from MarketWatch -- "Consider first a study that was published in 2006 by Malcolm Baker, a finance professor at Harvard Business School, and Jeffrey Wurgler, a finance professor at NYU. They devised a number of objective indicators of irrational exuberance that, in backtesting, were highly correlated with bubbles such as the 1929 stock market crash and the bursting of the Internet bubble in early 2000."