Experience Stern | News & Events

Excerpt from CNBC -- "The central bank's involvement in the financial market and the system is not going to diminish. It's going to be as high if not bigger than it is today. As long as you have very large institutions that are so highly concentrated and so highly focused, the central bank is going to have to play an increasing role in managing those assets and liabilities. Actually, commercial banks don't want to admit it, but very large institutions are the wards of the central bank."

Excerpt from the Financial Times -- "Peter Henry, dean of NYU Stern School of Business, said: 'It is true that we have broader recovery than we have had in a very long time but keep in mind the recovery is still quite weak and tepid relative to what we have seen in the past. We are hearing central bankers essentially say to world leaders and lawmakers, "We have done our job and we need you to step up."'"

Excerpt from the Financial Times -- "'There is one thing in common among the largest advertisers in the world: they’re all losing [market]share,' says Scott Galloway, professor of marketing at New York University’s Stern School of Business."

Excerpt from VICE -- "'In principle, a consumer who’s upset with Uber because of the investigation of sexual harassment or other issues could switch to Lyft or another competitor,' Seamans said. 'In practice, though, it looks like the switching costs for consumers is high enough that few actually do make the switch.'"

Excerpt from The Washington Post -- "The majority of companies measure the effort they’re making — touting their own policies or codes of conduct — but stop short of assessing whether those efforts are delivering their promised effects, according to new research by New York University’s Stern Center for Business and Human Rights. 'Having strong policies in place around workplace safety or wages is important, but it does not guarantee that workers are in fact safe and adequately paid,' said Casey O’Connor, who co-authored the report. That leaves consumers in the dark about the type of labor standards they’re supporting. 'It’s very hard to distinguish,' said Dorothée Baumann-Pauly, research director at NYU’s Center for Business and Human Rights. 'The facade looks identical.'"

Excerpt from Xinhua -- "'I think there's a recognition that the physical space that Whole Foods owned when Amazon makes the purchase is incredibly important both in terms of proximity to high-end consumers that are who Amazon is looking to attract, but also with the idea if they're looking to do more fresh delivery options that the warehousing space in most of those stores,' he said."

Excerpt from Wharton Business Radio -- "I think business can play an incredibly important role. If you think about it, $22 trillion of the U.S. GDP is in business. $3 trillion is in government and NGO. So right there, in terms of the power business has, it's huge. And I think, as we've seen with the recent resignations from the President's council over his various remarks and actions, they can stand up. But they've stood up on others things: transgender issues, climate change issues. We have a coalition called 'We Mean Business' that has said, we're going to go ahead and have 60% of greenhouse gas emissions, no matter what the government does. We're going to really commit to what the Paris Accord laid out on our own."

Excerpt from the Jakarta Globe -- "'NYU Stern's executive education programs are committed to the belief that a global approach to education is integral for today's business leaders,' NYU Stern Vice Dean Eitan Zemel said in a statement on Tuesday (22/08)."

Excerpt from Bloomberg -- "I think it's a really big threat because you're combining the AI and device power of Google with the largest stakes and retail expertise from Walmart. I think it's a win-win for both Walmart and Google."

Excerpt from Cheddar -- "I traveled to India for the first time a little over a year and a half ago. And I had the opportunity to speak to people across the country who were all suffering from the effects of pollution. And it was affecting their daily lives, but I saw them taking no steps to actually protect themselves because the traditional protection device was this--something that takes up half of your face. And so I understood why they were hesitant to adopt these solutions. And I saw that there are beautiful elements of Indian culture, and I wanted to marry some kind of device that would take into effect the most protective opportunity from the technology but also take up less space on your face."

Excerpt from Sword and the Script -- "I champion businesses who take positions on societal issues in external communications. A major reason why I sought out MBA studies at NYU is because of their recognition of the role business plays in society, from sustainability to human rights to impact investing, there are many ways businesses can take a position. Once they do, I think it is important for business leaders to inspire others and rally business sectors around collective impact."

Excerpt from CapX -- "Expanding opportunities for the urban poor requires more than simply avoiding bad policy mistakes. Public services such as clean water, sanitation, and policing are critical to facilitating the individual initiative and creativity that drive urban prosperity. But understanding where government intervention is actually depriving opportunity to low-income residents is the first step toward better directing public resources in ways that can help billions of new urban residents see their way out of poverty this century."

Excerpt from NPR -- "A 2013 study by Stanford economist Petra Moser showed that U.S. patents increased by 31 percent in the fields these scientists represented after their arrival. 'German Jewish émigrés had a huge effect on U.S. innovation,' Moser told an interviewer. 'They helped increase the quality of research by training a new generation of American scientists, who then became productive researchers in their own rights.'"

Excerpt from NBC News -- "'They need to massively strengthen their presence and expertise in internet commerce and mobile commerce in order to even have a chance of meaningfully competing with online behemoths like Amazon. Otherwise, the chance of their survival is low,' Anindya Ghose, a professor at New York University’s Stern School of Business, told NBC News."

Excerpt from Bloomberg -- "NYU professors discussed this question at length and decided that data science is sufficiently distinct from computer science and statistics and deserves its own academic center and shingle, said Vasant Dhar, a professor of data science who helped start the Ph.D. program. The field, which seeks to discover knowledge from data, is very interdisciplinary, incorporating everything from linguistics and psychology to neurology. 'NYU is willing to take chances and be innovative and somewhat unconventional, and it’s also part of the DNA of the university,' said Dhar. 'We do expect some schools will adopt Ph.D. programs in this field.'"

Excerpt from Xinhua -- "'After all, it is a free-trade agreement. It is not a trade agreement with trade barriers, and so if the trump administration tries to push that protectionist agenda, I would expect Canada and Mexico to push back rather strongly,' Salomon said."

Excerpt from Cheddar -- "The big thing that differentiates us from a lot of other government agencies or nonprofits in the space is that a lot of people don't actually spend enough time talking to people on the streets. ... It just began with really talking to people and asking what they need, and then building a resource network around those needs."

Excerpt from Law360 -- "On Monday, Erdem — who has testified in other high-profile cases like Apple v. Samsung and MobileMedia Ideas LLC v. Apple Inc. — said she spent 250 hours examining DirecTV’s 116 ads. Ultimately, she found that the disclosures in those ads were not clear or conspicuous, by performing a series of tests using a single-page print ad. First, she made small changes to the print ad so that the disclosures were more prominent. She then asked test participants a series of questions to determine if they understood the terms of DirecTV’s contract and its monthly subscription price based on the ad."

Excerpt from The Washington Post -- "'In many ways they are better suited choosing an executive that is not drafted from the Silicon Valley, social media software world, but someone who has experience dealing with a global business that is diversified,' Sundararajan said."

Excerpt from Cheddar -- "One thing that we really want to get away from is the idea of donors and recipients. I think that's one of the biggest things that prevents students from asking for help. Through ShareMeals, you can message and you can talk with other students and form a friendship, so that when you sit down for lunch, when you sit down for dinner, it's not necessarily a donor and a receiver sitting down, but it's two new friends who are sitting down."

Excerpt from Xinhua -- "Trade negotiations lead to agreements regarding the rules for trading, which generally lead to more trade that can change a trade balance in any direction, said Paul Wachtel, a New York University economics professor. 'The negotiations are not going to have any direct consequences for the U.S. trade deficit,' said Wachtel."

Excerpt from Al Jazeera -- "When we reach a point that the President introduces any sort of significant economic legislation and wants to try and claim that this has been thought out and vetted by senior business leaders before it's been brought to congress, at that moment it will be difficult to kind of credibly claim that, given the lack of CEO councils."

Excerpt from Marketplace -- "We are unlikely to live in a world in which globalization goes to zero. Given that, it's important for business people and others to make some contingency plans about what does happen if we get a hard Brexit, or what does happen if the NAFTA re-negotiations, whenever they conclude, do lead to a significant raising of barriers. But I think it's very, very silly to either plan for a world of either total free trade or a trade-free world."

Excerpt from MetroMBA -- "Entitled 'Decomposing the Cross-Sex Misprediction Bias of Dating Behaviors: Do Men Overestimate or Women Underreport Their Sexual Intentions,' Stern Professor and Marketing Department Chair Priya Raghubir says her goal was to 'set the record straight on prediction bias across sexes.'"

Excerpt from the Stamford Advocate -- "'The key thing to do in expanding into any country is try to find a strong partner,' Craig said. 'For WWE, the model allows them to expand. For the local partner, it gives them additional content that basically represents an annuity that keeps providing revenues month after month and year after year.'"