Experience Stern | News & Events

The Berkley Center for Entrepreneurship and Innovation and Founder.org welcome Michael Baum, founder of six startups, for an informational talk entitled "Building a Billion Dollar Company Takes More than Just a Big Idea." This event marks the kick-off of the $100K Founder.org annual competition.

Excerpt from The New Yorker -- "According to a great deal of research, positive fantasies may lessen your chances of succeeding. In one experiment, the social psychologists Gabriele Oettingen and Doris Mayer asked eighty-three German students to rate the extent to which they 'experienced positive thoughts, images, or fantasies on the subject of transition into work life, graduating from university, looking for and finding a job.' Two years later, they approached the same students and asked about their post-college job experiences. Those who harbored positive fantasies put in fewer job applications, received fewer job offers, and ultimately earned lower salaries."

Excerpt from TIME -- "About two thirds of Ukraine’s citizens are ethnic Ukrainians whose first language is Ukrainian. About one-sixth are ethnic Ukrainians who speak Russian. Another one-sixth are ethnic Russians, who live primarily in the east and south near the Russian border. This division creates a fault-line beneath the country that potentially pits one group against the other."

Excerpt from The Atlantic -- "Many people will tell you that flag burning, the eating of a deceased pet, and consensual sex between adult siblings are wrong, but when pressed to explain why, they suffer what Jonathan Haidt has described as 'moral dumbfounding.' They flail around trying to find reasons, which suggests it’s not the reasons themselves that guided their judgments, but their gut intuition."

Excerpt from The Huffington Post -- "There is new and exciting research about the scientific study of religion. Instead of asking theological or philosophical questions, these scholars are looking at religion from sociological, psychological and behavioral perspectives. Authors like Jonathan Haidt in his book The Righteous Mind: Why Good People Are Divided by Politics and Religion or Robert Wright in The Evolution of God are using science to give much more nuance to what religion truly is -- and what it could be."

Excerpt from Bloomberg -- “'You need to have some degree of monetary easing and credit easing, possibly negative deposit rates, to weaken the euro, to ease financial conditions, to jump start credit growth,' Roubini, the co-founder of Roubini Global Economics LLC, said in an interview with Bloomberg Television in Rome today."

Excerpt from AFP -- "David Yermack, a professor at the New York University Stern School of Business, listed Bitcoin's flaws in a recent commentary in the MIT Technology Review as MtGox's woe continued. Among the problems was its 'digital wallets' that are 'vulnerable to thieves and hackers', he wrote in the commentary dated Tuesday."

Excerpt from The New York Times -- "Europe needs a credible plan to rehabilitate its banks. The most direct way would be for the governments of the euro zone to pool resources and issue the same ultimatum America did: Raise more capital or our governments will invest in your banks in ways that will benefit taxpayers and disadvantage your shareholders. The economists Viral V. Acharya and Sascha Steffen have estimated that the capital backstop needed could exceed 500 billion euros."

Excerpt from The New York Times -- “'You can make the argument that this is the most powerful social media platform in the world right now,' said Scott Galloway, the founder of L2 and a professor of marketing at New York University’s Stern School of Business."

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."