Experience Stern | News & Events

NYU Stern announced the establishment of The William R. Berkley Scholarship Program to support exceptional seniors who wish to pursue their MBA at Stern directly following college graduation.

Excerpt from Poets & Quants -- “'I think this is going to be life changing for a handful of people,' said Isser Gallogly, assistant dean of admissions, in an interview with Poets&Quants. 'The program will be relatively small and extremely selective. We’ll do a maximum of ten a year. A lot of it depends on the quality of the applicant pool. We’re looking for seniors with stellar academics and a great capacity to contribute to business and society. We are absolutely looking for exceptional people.'”

Excerpt from Financial Times -- "Stern dean Peter Blair Henry says the scholarships are for those who 'dream big. Whether they’ve studied engineering or economics, physics or philosophy and everything in between, we want to put the tools of business into the hands of the most promising leaders of tomorrow.'”

Excerpt from Forbes -- "Adam Alter, assistant professor of marketing at New York University and co-author of the study, told me by email that 'people who were made to feel deprived, even briefly, were more likely to cheat for small sums of money.' This he says accounts for everyday crimes like workplace pilfering, whether it’s money from the cash drawer or pocketing office supplies."

Excerpt from The New York Times -- "This licensing model is a reasonable approach, says Arun Sundararajan, a professor in the Stern School of Business at New York University who studies the sharing economy. But it’s susceptible to problems. 'They run a higher risk of bad consumer experiences,' he says... 'It’s likely to be a new consumption experience for most people,' he says, 'so you have to hold their hands.'”

NYU Stern's Management and Organizations Department hosted the inaugural Economic Sociology Workshop on Friday, October 25. This year's workshop explored the origins and evolution of economic sociology and the field's relationship to related disciplines.

Excerpt from Mother Jones -- "'On the right, it's not that they don't have compassion,' says Haidt, 'but their morality is not based on compassion. Their morality is based much more on a sense of who's cheating, who's slacking.'”

Excerpt from Reuters -- "'If you're an average fund manager, it's very hard to consistently find the stocks that will help you beat the market,' said Stephen Brown, a professor of finance at New York University's Stern School of Business."

Excerpt from U.S. News -- "This application season, Yale School of Management and Northwestern University's Kellogg School of Management are also requiring a video interview, while other MBA programs, such as New York University's Stern School of Business and the University of Texas—Austin McCombs School of Business, offer applicants the option of using video to introduce themselves to their classmates."

Excerpt from White Plains Daily Voice -- "Robert Amler of New York Medical College, will receive the Medical Entrepreneur Award in recognition of his creative work in the public health sector and his ability to help build out clinical training facilities for biotechnology, disaster medicine and clinical skills, as well as a biotech incubator to attract researchers and start-up firms in early-stage development of new drugs, vaccine strains and medical safety devices and apps at New York Medical College."

Excerpt from Investor's Business Daily -- "'As more people leave voluntarily, presumably many of them are doing so for something better, and that's all to the good,' said Lawrence White, an economics professor at New York University's Stern School of Business. 'It suggests they not only see opportunity but are feeling optimistic enough about their opportunities to leave the security of their current job.'"

Excerpt from The Huffington Post -- "China did not get to where it is today by allowing natural economic forces to decide the outcome. The reality is much closer to the exact opposite. An industry is targeted, and then the economic forces needed to obtain a dominant position -- including subsidies, special tax rates, exchange rates and technology agreements -- are put in place. This fundamental reality cannot be ignored."

Excerpt from Bloomberg -- "The Monte Paschi deals are part of an expanding family of structured transactions that 'depend on lack of transparency, high transaction costs, differences in financial sophistication and the erosion of fiduciary obligations in a world of caveat emptor,' said Ingo Walter, a finance professor at New York University’s Stern School of Business."

Excerpt from Vogue Italia -- (Translated from Italian using Google Translate) "A study conducted by Professor Hal E. Hershfield, of the New York University Stern School of Business, overturns the theory that the bad feelings would have deleterious effects."

Excerpt from Xinhua -- "'I think the overall idea is a good one that it would allow entrepreneurs to raise capital in a much broader way than previously possible by widely advertising their project,' said Anindya Ghose, a professor at New York University's Stern School of Business. 'In a sluggish economy, this makes a big difference. Direct solicitations through social media and internet definitely raise the scope and scale of crowdfunding,' said Ghose, who is also the co-director of the Center for Business Analytics at NYU Stern."

Excerpt from New Scientist -- "Rather than force firms into old legal frameworks, Arun Sundararajan at New York University's Stern School of Business argues that laws should be tweaked to accommodate them. 'Restaurants, hotels and yellow cabs are the old analogue to the sharing economy, and regulations were needed to keep them running," he says. "In this new digital marketplace some regulations don't fit.'"

Excerpt from Marketplace -- “'Effectively what’s going on here is Amazon is disrupting the entire retail industry,' Galloway says. According to Galloway, eBay is trying to compete with Amazon’s Prime service, which offers free two day shipping to its members. While Amazon is trying to sell more of its customers on Prime where for $79 a year, customers get free shipping. Galloway says Prime is a great deal, for Amazon. 'What Amazon prime really is, is an entry point or membership into the Amazon franchise.'”

Excerpt from Bloomberg TV -- "I don't think there's a lot more than meets the eye...I think they want to migrate people or incent them to go to Amazon Prime which has actually become pretty much a big hit for them, a big win... Supposedly about a third of their operating profit comes from Prime customers and it's taken off -- over ten million of them -- so I think they're trying to move them up to Amazon Prime."

Excerpt from Bloomberg TV -- "Apple had an opportunity to own this market. If they had reduced their margins, they could have made it almost impossible for anyone to come in here and instead they've created a ton of delicious margin that has attracted a ton of great competitors. I think that this was a huge error."

Excerpt from Forbes -- "What’s more, consumers are also more willing to spend lower-denomination bills than bills of higher denomination. That is, our brains find it easy to break $5s, $10s and even $20s but will balk at breaking a $50 or $100. This is because the smaller bills are a psychological equivalent of a petty cash account, and so spending them is much more justifiable."

Excerpt from Fast Company -- "As was predicted, the promotion-primed people were more assertive and better regarded than the folks who reflected on their duties or commutes. But even more startling, Kilduff and Galinsky continued research that showed how those initial interactions set up long-term dynamics."

Excerpt from Forbes -- “'You can look at this as a clear result of the Justice Department delivering on Obama’s charge to bring justice for all the recklessness and bad behavior demonstrated during the crisis,' says NYU finance professor and former Goldman Sachs partner, Roy Smith."

Excerpt from Bloomberg TV -- "First of all, you have to be diversified. You have to put some of your money in the US, some of it abroad: Europe, emerging markets. I would say that gradually long-term interest rates are going to rise, so you might want to be underweight in bonds. I think that a global recovery is going to occur so you might want to be marginally overweight in equities. You probably want to be underweight today in emerging market equities."

Excerpt from Bloomberg TV -- "The conjecture is that she's been offered the successor spot. I think it's actually bigger than that. I think what they've told her is that in the next few years, Apple is going to be the world's dominant luxury fashion brand and they want her to spearhead those efforts. I think this is a big signal of a pivot or a complement in Apple strategy."

Excerpt from The New Yorker -- "What makes Banksy’s subversive stunt so compelling is that it forces us to acknowledge how incoherently humans derive value. How can a person be willing to pay five hundred times more than another for the same art work born in the same artist’s studio?"