Experience Stern | News & Events

Excerpt from China Daily -- "The Shanghai New York University is establishing a Volatility Institute, to create opportunities for research on Chinese financial markets and other markets around the world."

Excerpt from Harvard Business Review -- "Jonathan Haidt at New York University Stern School of Business shows in his research that when leaders are self-sacrificing, their employees experience being moved and inspired. As a consequence, the employees feel more loyal and committed and are more likely to go out of their way to be helpful and friendly to other employees."

Excerpt from Business Insider -- "'Once the secretary of defense post became primarily about policy (as opposed to managing the bureaucracy and keeping the budget under control), Hagel was a challenge for the Obama administration,' Bremmer wrote in an email. 'It's true that he wasn't a good fit for that job, but he also wasn't given a chance — they needed clear policy alignment, and pushed him out.'"

Excerpt from Forbes -- "These formats tend to attract affluent shoppers who enjoy the in-store experience and finds, as well as cost-constrained consumers looking for great value. The appeal is multi-faceted."

Excerpt from CNBC -- "'There's this myth that digital levels the playing field ... I don't think that could be more incorrect,' said Scott Galloway, founder of L2. 'A lot of these guys who are struggling to meet earnings just don't have the dry powder to throw at technology.'"

Excerpt from Wallethub -- "Leave your credit card (and debit card) at home. Withdraw the cash you have budgeted to spend and pay cash for your purchases."

Excerpt from Bloomberg -- "'The bankers are going to try and push LendingClub to compare themselves to the companies that make it look more attractive,' said Aswath Damodaran, who teaches corporate finance and valuation at New York University’s Stern School of Business. 'You as an investor have to guess who they remain comparable to at the end of the game.'"

Excerpt from The New York Times -- "One common claim is that the wealthy routinely violate the economist’s law of demand. A bedrock principle of economic rationality, this law holds that as the price of a good rises, consumers buy less of it. Many analysts, however, portray the rich as people who lust after what are known as 'Veblen goods' — commodities whose sales actually increase when their prices rise."

Excerpt from Bloomberg -- "'We understood that the idea behind the criminal prosecution by Justice' of Credit Suisse 'was that the punishment would not involve denial of business,' Roy C. Smith, a finance professor at New York University, said in an e-mail. Denying the bank the ability to do business would be 'very consequential,' he said."

Excerpt from Entrepreneur -- "'The next wave of opportunities in businesses will be companies that look at how we support development of the sharing economy,' says Sundararajan, who specializes in the digital economy and the economics of sharing (among other subjects). 'This means companies that make it easier for everyone to play a part, companies that really bring peer-to-peer into everyone’s life.'"

Excerpt from Vox -- "Calculations that we have recently completed suggest that the divergence between our numbers and those of the ECB can be explained by the continued reliance on static risk-weights in the regulatory assessment. In fact, using the projected losses in the adverse scenario employed by the ECB and applying a different (non risk-weights based, i.e. simple) leverage ratio gives results much closer to ours."

The first open dialogue on a White House plan to promote responsible business conduct abroad will take place on December 15, 2014 and will be co-hosted by the NYU Stern Center for Business and Human Rights and the United States Council for International Business.

On Friday, November 21st, the Stern Healthcare Association (SHA) will host its Annual Healthcare Summit. The theme for this year's conference is Healthcare 2020: Innovating for the Next Decade.

Excerpt from ABC News -- "'In general, it's easy to get caught up in big milestones, particularly as we age -- but of course there’s no real difference between turning 30 and turning 29 or 31,' [Alter] said. 'Our culture emphasizes years like 30, 40, 50, and 60, but we shouldn't let that shape how we live our lives.'"

Excerpt from The Wall Street Journal -- "'It’s totally overwhelming,' says Norman White, a professor at NYU’s Stern School of Business who teaches a course on designing and developing mobile apps. He says there are so many loyalty-card apps out there now that it is hard for consumers to decide which ones to use and why."

Excerpt from Financial Times -- "It’s also worth noting that some tax-minimisation strategies do not seem to require any cross-border chicanery. According to data compiled by NYU Stern’s Aswath Damodaran, the sectors that pay the lowest effective tax rates in the US include broadcasters, coal companies, homebuilders, and telecoms operators — all businesses that make the bulk of their money from domestic operations."

Excerpt from Bloomberg -- "The CHART OF THE DAY compares Twitter’s stock price since going public last November with his estimate of the company’s value, $20.81 a share. Damodaran, the author of four books on business valuation, cited the figure in a posting on his blog two days ago."

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As part of NYU Stern’s new Mindfulness in Business Initiative, which launched earlier this year, MBA students convened for a workshop introducing mindful leadership practices aimed at increasing focus, clarity and resilience.  

Excerpt from Star Tribune -- "Ghemawat echoes the common sense policy ideas of the Brookings Institution and others, suggesting that our business and government leaders work together to raise the international profile of the Twin Cities region and look to develop trade ties anywhere they can be found."

Excerpt from Bloomberg Businessweek -- "Scott Galloway, founder of Red Envelope and a marketing professor at New York University’s Stern School of Business, said people generally aren’t in a shopping mood when clicking through a friend’s photos or reading Tweets (TWTR). 'So far, social and commerce are strange bedfellows,' he explained. That said, engagement rates on Instagram are 15 to 25 times higher than those on Facebook and Twitter, which makes the space particularly valuable for any company looking to make a connection."

Excerpt from Bloomberg -- "'The euro area is the biggest risk because I don’t think the leaders in the euro area actually have a true vision of how to cope with the problem,' King said in an interview yesterday with Bloomberg Television’s Olivia Sterns in Naples, Florida. 'Many are trying to put in place structural reforms, but that is not going to be sufficient to generate a recovery. They also need to have macroeconomic stimulus.'"

New research from NYU Stern School of Business Professor Adam Alter and UCLA Anderson School of Management Professor Hal Hershfield shows that when adults approach a new decade in age (i.e., at ages 29, 39, 49 or 59), they search for existential meaning and behave in ways that can be constructive or destructive. 

Excerpt from Economic Times -- "'Surge pricing is a way of balancing supply and demand,' says Arun Sundararajan, a professor at the Stern School of Business in New York who specialises in digital economics. 'The nature of taxi is such that there will always be periodic supply and demand imbalances over the day. For a market-based platform like Uber, price changes are the way in which a supply of drivers is brought into the market when needed.'"