Experience Stern | News & Events

On Wednesday, March 6, NYU Stern's Center for Global Economy and Business hosted a fireside chat with Former U.S. Treasury Secretary Robert E. Rubin. Professor Kim Schoenholtz, the Center’s director, led the conversation, which was introduced by Dean Raghu Sundaram. 

Excerpt from CNN -- "...there's another reason why some people are trying to say we should rethink the trade with China, and that's because some people in the United States have gotten huge gains from the trade, others have not enjoyed the same benefits. So, they're saying, 'We need to redress this imbalance,' but it's not realistic to say, 'We're going to use a treaty with another country to solve an internal problem.' So, that's a problem that people should address with an internal policy in the United States."

Excerpt from Bloomberg Businssweek -- "A new report by the Center for Business and Human Rights at New York University’s Stern School of Business argues that the platforms should indeed remove material that is 'provably untrue,' rather than just demote or annotate it as some do now. Anything that’s in the gray area between true and false could remain, it says."

Professor Xi Chen, NYU Stern assistant professor in the department of Technology, Operations, and Statistics, has been recognized by the National Science Foundation (NSF) with its Faculty Early Career Development Award (CAREER).

Excerpt from Psychology Today -- "Instead of 'good' or 'bad,' Chugh suggests, we need to start thinking of ourselves as good-ish, a term she introduces in her book, The Person You Mean to Be. Good-ish embraces the idea that the self is error-prone and conflicted, yet strives to be better. It's a rejection of a fixed 'good person' image—like the one the inner critic pushes us toward—in favor of the idea that we are a work in progress."

Excerpt from Ad Age India -- "Perhaps, then, just like in any digital ecosystem, news outlets need to understand the role of ‘social channels’. The news outlets will never win the ‘who brought it to you first’ battle, because the most connected networks will always win that. However, if the news outlets stuck to what they know best, they may be able to hold their ground."

Excerpt from ThinkAdvisor -- "'Since the wave of market reforms that started almost two decades ago, stock prices in China have become as informative about future firm profits as they are in the U.S.,' according to the authors."

Excerpt from The Washington Post -- "'For any mainstream marketing tapping into big sponsors and big advertisers, I think it’s going to come off the table, certainly for the next couple of years and maybe forever, because marketers are risk-averse,' he said. 'There are plenty of choices in entertainment.'"

Excerpt from The Atlantic -- "'People bind themselves into political teams that share moral narratives,' Jonathan Haidt writes in his book The Righteous Mind. 'Once they accept a particular narrative, they become blind to alternative moral worlds.'"

Excerpt from Fast Company -- "The Big Nine are under intense pressure — from Wall Street in the United States and Beijing in China — to fulfill shortsighted expectations, even at great cost to our futures. We must empower and embolden the Big Nine to shift the trajectory of artificial intelligence, because without a groundswell of support from us, they cannot and will not do it on their own."

Excerpt from Marketplace -- "Paul Hardart, a clinical professor of marketing at New York University, said he thinks there are songs of Jackson's that are so intertwined with our culture that it will be difficult for them to ever fully go away, but large brands may want to dissociate from Jackson. 'There's lots of licensing in terms of TV, ads, movies, etc. And that's where [the estate] could get hurt a fair amount,' Hardart said."

Excerpt from Bloomberg -- (28:13) "I pretty much look at the fundamentals of a company... I look at the growth, risk, and cash flows of a company. But here, what we have to think about is this is a brand new disrupting service, so to price something on the fundamentals is always going to be difficult for us. ... Certain disruptive technologies... we have to be a little bit liberal about the fundamental valuations here."

Excerpt from De Tijd -- (translated from Dutch using Google Translate) "'The players in this market are very sophisticated,' says professor emeritus Edward Altman of New York University, a world authority in problem bonds. 'In order to be present, you need to be well-placed in the valuation of debts and shares, technical and legal aspects and the trading of fixed-income products, coupled with a very patient, disciplined and proactive asset management.'"

Excerpt from SwimSwam News -- "'Rivalry is not necessarily a situation in which two competitors hate one another,' [Kilduff] says. 'It’s more of a situation in which two competitors are inextricably linked to one another. A rivalry will motivate athletes to train harder, to practice longer and typically perform at their absolute best when they are competing with a rival.'"

Excerpt from the Financial Times -- "New York University’s Stern School of Business announced a radical new departure in its postgraduate teaching this year: its masters in management (MiM) degree was its first to be totally online. 'We are targeting a whole new market,' says Kim Corfman, Stern’s vice dean for MBA programmes and online learning. The aim, she adds, is to attract new student groups from outside the US, where MiM degrees are often more popular than the business school’s core MBA programme."

Excerpt from KRON TV -- (14:30) "Based on the facts that were released by state and city government in terms of cost-benefit numbers, the deal looked pretty good. It was basically a 9-1 return on investment... There's a growing suspicion of corporations becoming overly greedy, corporate welfare ... that and the fact that a lot of research by economists ... The research suggests that the return on investment is either negative or not positive."

Excerpt from Bloomberg -- "...if you've taken an Uber or a Lyft, you've noticed that most drivers drive for multiple platforms. I think a big part of what's going to drive success in the future is being able to convince drivers to spend more hours on your platform. So Lyft wants drivers to drive exclusively or predominantly on their platform; Uber wants the same. If I have stock in Lyft and I don't have stock in Uber, I'm much more likely to put my hours into Lyft."

On March 1, the Latin America Business Associations of Stern and Columbia will join forces with the Young Professionals of the Americas (YPA) to host the Latin American Business Conference.

Excerpt from Miami Times Online -- "As he’s working toward a degree away from home at NYU Stern School of Business, he says he’s glad he set the stage for the other kids in the organization to take leadership roles, training them throughout the years to ensure that Joshua’s Heart would become a sustainable, social entrepreneurship. 'We grew up together, the foundation and me, but now it is its own entity,' said Joshua. 'It is important to learn how to pass on the torch to the next generation.'"

A group of experts comprised of faculty from business and law schools, as well as other leaders in business, law and the nonprofit sectors, convened at NYU Stern for a two-day roundtable discussion on “Corporate Political Accountability: Corporate Political Spending and Risk in the Age of Trump.”

Excerpt from Smithsonian Magazine -- “'If the legal system was biased against black inventors, they wouldn’t have been able to defend their patents,' she says. The white infringer would have been believed. 'Also, you need capital to defend your patent, and black inventors generally had less access to capital.'"

Excerpt from Seeking Alpha -- "Why are large companies such poor acquirers? Several reasons come to mind. Large companies are often overly bureaucratic with a set culture, complicating the integration of the acquired targets. Furthermore, large companies are often mature, desperately trying to reignite growth."

Excerpt from Luxury Daily --  "'Consumers’ ethical standards have consistently shifted away from products of questionable origins, whether this pertains to how they were made, of which material or by whom,' Ms. Serdari said. 'Additionally, as technology advances in terms of identifying the correct provenance of sources or in terms of tracing every manufacturing part to its origin, consumers have heightened the intensity of their concerns because they feel more empowered by technology to do so.'"

Excerpt from Die Presse -- "'We were somewhat surprised how low Austria’s breadth is in international trade,' says Steven Altman of the New York University's Stern School of Business, which calculates the Global Connectedness Index every two years, to the 'Presse am Sonntag.'"

Excerpt from Poets & Quants -- "'Probably the most common mistake that applicants make is to try and be something that they are not in their application,' Williams says. ... 'In their Cohorts, students go through orientation, which includes Convocation with the Dean of the Undergraduate College, academic information sessions, club fairs, and even a trip to the U.S. Open. Throughout it all, we all do our best to make the summer months before their first year positive and productive.'"