Experience Stern | News & Events

On Wednesday, November 7, NYU Stern and L2 held the fourth annual Innovation Forum in New York City. Speakers from industry and academia presented to a sold-out audience on topics such as social contagion, stock picking and the Digital IQ and America’s political division.

Excerpt from The Atlantic -- "Just after the election, Republicans are hurting -- but they'll calm down just as Kerry supporters did when Bush was elected to a second term in 2004. The question, then, is why we're treated to this spike in melodrama every four years. And the answer comes down to a simple psychological truth: that people have no idea how much pain they'll feel when they experience a dreaded outcome."

Excerpt from The New York Times -- "In other words, America faces many serious threats, but each side sees some and denies others. Morality binds and blinds."

Excerpt from Bloomberg -- "The absolute best thing that we can do for Europe is to engineer our own economic recovery as fast as we can."

Excerpt from Bloomberg Businessweek -- "The case could have broad implications for similar litigation around the world. 'It’s a surprise,' says Lawrence White, an economics professor at New York University’s Stern School of Business. 'It may well be that we will see more of these types of things.'”

Excerpt from The Guardian -- "To Savov, garbage is valuable not only for its own worth, but because, in a mathematical sense, it represents many of the things that people and corporations treasure most. Maybe, just maybe, he implies, the rises and falls in garbage production reliably and fairly accurately measure what a society is worth."

Excerpt from Policy Options Magazine -- "Renowned American economist William Baumol was among the first to identify the condition in which industries dependent on personal services — education, the performing arts and health care — prove resistant to productivity gains."

Excerpt from the Journal of Portfolio Management -- "Given their value and relative scarcity, it is no surprise that identifying alpha hunters is not an easy task. While all marketing disclaimers state that past performance is not an indication of future performance, past alpha generators are a good place to start when looking for investment stars."

Excerpt from India Tribune -- "The keynote speaker was Dr. Geeta Menon, Dean, Undergraduate College and Abraham Krasnoff, Professor of Global Business, Stern School of Business, New York University. Dr. Menon was honored for her achievement in the field of education."

Excerpt from Bloomberg -- "In an analysis of the extent to which stock and bond prices forecast a company’s future profit, Jennie Bai of the New York Fed and Thomas Philippon and Alexi Savov of New York University’s Stern School of Business said what they called financial market informativeness hasn’t increased in the past half century. Earnings surprises have grown relative to total uncertainty, they said."

Excerpt from Forbes -- “'Last year, we asked a lot more details when [contestants] entered the competitions,' said Luke Williams, Executive Director of the Berkley Center during the second coaching session on October 16. 'I want a concise one-page summary this year.'”

Excerpt from CNN Money -- "When Professor Aswath Damodaran sets out to teach a class or give a lecture, his goal is to convert each student into a born-again finance enthusiast. Damodaran's passion for teaching finance has garnered him high marks. In 1988 and 1990, he received Stern's Excellence in Teaching Award and NYU's Distinguished Teaching Award, respectively."

Excerpt from US News & World Report -- "'It's the trading place of last resort,' says Menachem Brenner, a professor of finance at New York University. He points out that traders on the exchange floor are typically able to produce quotes for stock prices that serve as benchmarks followed by other exchanges. The NYSE floor also tends to see a spike in volume when there's some kind of anomaly in the market, which may indicate that buyers and sellers migrate to the NYSE when there's a hint of trouble."

Excerpt from The New York Times -- "Volcker: The Triumph of Persistence, by William L. Silber. (Bloomsbury, $30.)This detailed account of the economist Paul Volcker’s public service in five administrations shows how he maintained his integrity."

On Friday, October 26, NYU Stern's Luxury and Retail club will host J. Crew CEO Millard (Mickey) Drexler, the man who transformed the world of retail at the helm of some of the most iconic American fashion brands.

Jes Staley, CEO of J.P. Morgan Investment Bank, and other industry leaders will discuss topics including challenges facing the industry, the relationship between policy and the capital markets, and how to build a career in financial services.

Excerpt from Financial Times -- "...the west seems to be paying too little attention to what has been going on in the Indian economy. Growth has slowed significantly. The fiscal deficit is sizeable. Internal political conflicts are increasing. India has all but stopped climbing the World Bank’s rankings of countries by ease of doing business – despite being far down the list to begin with."

Excerpt from New York Daily News -- "The Indian American Kerala Cultural and Civic Center will honour the five Indian American Malayalees for their outstanding achievements in their field of specialization or for their service to the society. ...The keynote speaker on the occasion will be Geeta Menon, dean, Undergraduate College and Abraham Krasnoff professor of Global Business, Stern School of Business, New York University. Menon will also be honoured for her achievement in the field of education."

Excerpt from ABC News -- “They work all day and attend class at night, but 25 students, alumni and friends of NYU Stern Westchester still found the time to volunteer for Westchester’s Annual Making Strides Against Breast Cancer Walk, held Sunday, October 21 at SUNY Purchase College.”

Sharon L. Allen, former chairman of the board of Deloitte LLP (2003-2011) sat down with Thomas Pugel, vice dean for MBA and executive programs and professor of economics and global business, and more than 100 MBA students in NYU Stern’s Leadership Luncheon Series. Coordinated by the School’s Leadership Development Team, the event series gives students an opportunity to hear from senior executives in industry on the challenges and lessons learned of being a leader.

Excerpt from Marketplace -- "Lawrence White is an economist at the NYU Stern School of Business. He says the financial crisis showed us 'just how fragile our financial system had become and how systemic roughly a dozen very large financial institutions had become.'"

Excerpt from The Huffington Post -- "Recent research in behavioral economics may help shed some light on why robust sanctions have not yet produced nuclear concessions from the regime. ... there is a widespread international norm against nuclear weapons acquisition, and Iran may well view economic punishment as a 'fee' for its nuclear pursuits."

Excerpt from Poets and Quants -- "When Professor Aswath Damodaran sets out to teach a class or give a lecture, his goal is to convert each student into a born again finance enthusiast. Damodaran’s passion for teaching finance has garnered him high marks for teaching excellence. In 1988 and 1990 he was presented with Stern’s Excellence in Teaching Award and NYU’s Distinguished Teaching Award, respectively. The impression he has left on MBA students over the years is demonstrated by his repeated rank as the leading vote-getter for Professor of the Year, an award he has received five times during his career at Stern."

Excerpt from Poets and Quants -- "'The combination of Professor Galloway’s background in brand strategy and entrepreneurship, and his unique teaching style, makes his classes among the most popular marketing courses at Stern. I consider him a mentor, a guide and an amazingly bright person I wish to become one day.' – Asel Moldakhmetova - Stern 2012"

Excerpt from Fox Business -- "Geithner’s 'lack of any experience whatsoever in the private sector is just a huge handicap,' said Yermack. 'Despite his political connections, he seems pretty unqualified to run a big bank.' Yermack also said Geithner’s relationships with other government officials could raise questions about how Citi would be regulated going forward, preoccupying the board and Geithner himself."