Experience Stern | News & Events

Excerpt from Business Standard -- "The main recent constraints on growth I think are policies that caused a temporary loss of investor confidence, now being reversed, public sector investment levels, and inflexibility in labor markets that get in the way of structural change in the economy and especially in the expansion of the tradable side of the economy. The Indian economy with some important growth drivers in the tradable sector is still not exploiting it to the full. This by the way, is not unique to India."

Dean Peter Henry and Professors Michael Spence and Michael Posner joined thought leaders from around the globe at the World Economic Forum Summit on the Global Agenda in Abu Dhabi.

Excerpt from Bloomberg TV -- "We talked about [Alan] Mulally being the favorite candidate [for CEO] because he's a turnaround guy. But the question here is, is Microsoft really a turnaround? They missed the three biggest innovations. They missed social, they missed mobile and they missed search. But meanwhile... revenue is up fourfold and profit's up double. Is this really a turnaround or is it a company that needs better vision and more innovation?"

Excerpt from CNET -- "Arun Sundararajan, a professor at New York University's Stern School of Business, said all peer-to-peer companies are challenged with making people relate to these new services."

Excerpt from Mobile Marketer -- “'Mobile ads often get a bad flack,' said Anindya Ghose, professor at NYU Stern School of Business, New York. 'Every now and then you’ll hear that mobile ads don’t work. 'Oftentimes we’re missing the fact that mobile ads can lead to clicks on mobile devices but the final conversion might happen on PC,' he said. 'There are these spillovers that are important for us to quantify. If you only look at attribution through one channel you don’t get the whole story.'"

David Nenke, category leader for Grocery & Gourmet Food at Amazon.com, spoke with first-year MBA students for a special Block Time discussion titled, “The Amazon Way: Innovating at High Speed.”

Excerpt from Crain's New York -- "'[Hearst] is sort of the General Electric of the media business,' said Scott Galloway, a professor of marketing at the NYU Stern School of Business. 'They produce, recruit and support very competent managers.'"

Excerpt from Los Angeles Times -- "The tech industry may not be in another bubble, said Aswath Damodaran, professor of finance at the Stern School of Business at New York University, referring to the rapid rise and fall of Internet companies in the late 1990s and early 2000s. But these paper valuations are a 'form of delusion,' he said."

Excerpt from The Wall Street Journal -- "One implication of their research is that it is important not to rely on our memories when comparing different periods' sentiment levels. Not only are our memories short, we also tend to rewrite history to make the past appear different than it really was. If you are basing your investment strategy on swings in investors' mood between bearish and bullish extremes, it pays to rely on objective measures and a long-term perspective. Messrs. Wurgler and Baker developed five indicators that were well correlated with periods of speculative excess over the past 50 years. None of them currently is detecting the levels of exuberance that prevailed at the top of the Internet bubble."

Excerpt from USA Today -- "'There's no policeman, really,' said Marti Subrahmanyam, a finance and economics professor at New York University's Stern School of Business. 'These things have sort of fallen through the cracks. Foreign exchange is really nobody's kind of baby.'"

The NYU Stern Center for Business Analytics and Center for Measurable Marketing are co-hosting Mapping Mobile @NYU Stern, which will feature industry experts including Professors Anindya Ghose and Russ Winer.

Excerpt from The New Yorker -- "Why do investors, many of whom painstakingly dissect reams of data to understand companies’ finances, also base their decisions in part on a stock’s ticker symbol? The answer is that reading pronounceable ticker symbols is slightly less mentally taxing; people generally prefer objects and events that are more 'cognitively fluent,' or easier to process."

Excerpt from CNBC -- "'Investors need to be asking themselves, can all these companies coexist at the same time and make as much money as they are making now?' Damodaran said. 'There will be winners and losers. It could be Twitter, Facebook, Google or someone we haven't heard of yet.'"

Excerpt from Bloomberg -- “'The mandate is just a mistake,' Lawrence White, a professor at New York University’s Leonard N. Stern School of Business, who has testified before Congress on ratings companies, said in a telephone interview. 'It generates a check-the-box-type process, which can lead to major mistakes and unfortunately that’s what happened' in the last crisis."

Excerpt from Yahoo News -- "Nominated for the 2013 Thinkers50 Global Solutions Award for his Global Connectedness Index, Ghemawat (11) is based at New York's Stern school and IESE Business School in Spain. Prior to that he was the youngest full professor at Harvard Business School. His 2011 book 'World 3.0' won the Thinkers50 Book Award."

Excerpt from Marketplace -- "In monetary policy, hawks have a laser-like focus on inflation. Keeping that under control is one of the Fed’s two mandates. And doves? They’re concerned with the other mandate. 'The dove, being a little bit softer, might be more concerned about what is going on in labor markets, the rate of growth, and the unemployment rate,' says Paul Wachtel, a professor of economics at NYU’s Stern School of Business. Doves are not happy, because unemployment is at 7.3 percent. And hawks? As Wachtel puts it, 'there aren’t too many hawks out there nowadays.'”

Excerpt from Xinhua -- "Joe Foudy, a business professor at New York University, said China's economic reforms would be 'quite transformative' for the country. 'These reforms are really the most important reforms that we've seen since the 1990s... This is a real opportunity to try to move China decisively towards markets,' he said."

Excerpt from Forbes -- "Galloway, who is also clinical professor of marketing at the NYU Stern School of Business, where he teaches brand strategy and luxury marketing, said he expects Apple to expand into product categories such as apparel, handbags, jewelry, sunglasses, watches and even luggage."

In a recent visit to NYU Stern, Dan Ariely, author of "The (Honest) Truth about Dishonesty," spoke to students and faculty about his new book.

Excerpt from Entrepreneur.com -- "As a college entrepreneur at New York University, the majority of my ideas are tailored to solving the issues faced by college students in an urban environment. To see if my ideas have legs, I turn to my roommate, as he is my target audience. Finding out whether he would use the product or service plays a role in determining if my idea could become a legitimate business."

Excerpt from CNBC -- "'There can be no way that you can tell me from a valuation perspective that it's worth what it's trading for. Having said that, I would disagree with the statement that growth stocks can never be good investments because I think there will be a point in time where Twitter will become a good investment,' said New York University professor Aswath Damodaran. 'It might not be that far in the future. All you need is a couple of bad earnings reports, and the same crowd that's buying in now will be out of the stock as quick as can be.'"

Excerpt from Poets & Quants -- "McCollum, who graduated in 2007, says the company got a huge boost from participating in Stern’s 2008 Business Plan Competition. 'That was where we got the majority of the resources specific to the company,' he says. 'We got to speak with a whole bunch of different people very quickly and got a lot of feedback that ordinarily would’ve taken months or years to get.'”

As part of NYU Stern’s “Leadership Off the Record” series, Elana Drell Szyfer, CEO of AHAVA and Stern alumna (MBA '98), spoke with MBA students about her 20-year career in the beauty industry.

Marking the 50th anniversary of John F. Kennedy's assassination, Howard Willens, author of "History Will Prove Us Right" and member of the management team of the Warren Commission, joined NYU Stern students and faculty to discuss his book and the Warren Commission Report.

Excerpt from Bloomberg TV -- "I think they could be profitable now. A lot of people have said this is a company losing a lot of money and they kind of slam their organization for it, but this is a great business model. You come up with great technology, and you get a sales force, and then you and me provide the content for free, so I think they could be doing 30 or 40% EBITDA right now, but they are plowing a ton of money back into the business to try and grow the same way LinkedIn was when it went public."