Experience Stern | News & Events

Alessandro Piol and Maria Teresa Cometto, co-authors of Tech and the City: The Making of New York's Startup Community, spoke with NYU students and alumni about their new book, which examines the conditions that are contributing to the rise of NYC as a hub of technology and entrepreneurial activity.

Excerpt from Bloomberg TV -- "Being in a market is like being in a relationship with someone who's bipolar. You could be doing nothing wrong or nothing right and we are definitely on the latter half of that. Anything is seen as an indicator of Apple's demise, but look at the company. You basically have the best brand in the world now trading at multiples that are cheaper than Dell. So as negative as you might be about Apple's prospects, are they worse than Dell's right now? You can buy this company at about four and a half times EBITDA, best brand in the world..."

Excerpt from Marketplace -- "'This is a turnaround, today it's the first world that is thinking short-term," Henry says. "The key question is, do we have the humility to look beyond at our shores and to look at emerging economies, take those lessons back home, and start living up to our potential?'"

Excerpt from US News & World Report -- "Specialized degree candidates 'really want to focus and deepen their knowledge in a specific subject area,' says Paula Steisel Goldfarb, executive director of MBA and executive MBA admissions and financial aid at Stern. 'Whereas for an MBA program, students are looking at broad-based skills. They want to get all their functional knowledge within multiple areas within business.'"

Professor Kim Schoenholtz moderated a panel discussion at Japan Society on April 23, entitled, "Abenomics: Could This Time Be Different," featuring Paul Sheard, Chief Global Economist and Head of Global Economics and Research, Standard& Poor's, and Nathan Sheets, Global Head of International Economics, Citi.

Excerpt from Forbes -- "Cynthia Franklin, the senior associate director at the NYU Berkley Center for Entrepreneurship & Innovation at Stern, announced the finalist for the Entrepreneur’s Challenge to a room full of anxious entrepreneurs in the Kaufman Management Center last Friday."

Excerpt from Bloomberg TV -- "We live in an interconnected world and the Eurozone is the largest economic block in the world. So with a, frankly a misplaced focus on austerity, people have made the mistake of thinking that discipline means fiscal austerity. It doesn't. Discipline means doing what you need to do to advance the economy and the focus on growth, I think the renewed focus on growth and moving in that direction is welcome."

Excerpt from CNBC -- "'I always say if you want to study disruptive thinking … it's best to study the work of professional comedians,' said Luke Williams, professor of innovation at New York University's Leonard N. Stern School of Business. 'They're master disruptors. Their whole job is to determine what an audience is thinking and break those expectations. And that break in expectation is where humor comes from. As soon as you hear the punch line, it's obvious in hindsight. … But a comedian doesn't stop with one joke. They have to do them again and again. [Businesses] can't just disrupt the market once and sit back and go, "Everyone's going to use our business model for the next decade."'"

Excerpt from Newsweek -- "In decades past, First World countries have lectured the rest of the world about how to stabilize and grow their economies. Today, in a startling turnaround, the developed world buckles under high debt and slow growth, while countries such as South Korea, India, Chile, Mexico, and even tiny Barbados provide vital lessons for recovery."

Excerpt from Forbes -- "This means that brand names that are short and easy to pronounce will have a built-in advantage over brands with long, difficult names. Indeed, in his new book Drunk Tank Pink, Princeton psychologist Adam Alter describes his research project that showed companies with fluent names generated higher returns in the stock market in short-term trading."

Excerpt from Bloomberg TV -- "I'm quite concerned about the US economy. Certainly, people underestimated how much the increase in taxes, payroll and income and now the sequester would affect the economy. My view was the debt would imply a fiscal drag of at least 1.6-1.7% this year and therefore the economy this year is not going to grow much more than 1.6% given the significant fiscal drag."

Excerpt from the Council on Foreign Relations -- "The reason why I called the book 'Turnaround: Third World Lessons for First World Growth' is because if we take kind of a unifying message across...the last three decades, going back to roughly the late 1970s until now, how is it that countries that were formally called third world countries...became emerging markets? And I think the central point to take away is they did that through what I would call discipline."

NYU Stern’s Business & Society Program Area and the Evolution Institute co-hosted a workshop to assess the possible applications of evolutionary thinking – including gene-culture co-evolution, multi-level selection and the multiple paths by which humans became ultrasocial creatures – for business and business ethics.

A team of NYU Stern MBA students comprising Nazly Havez, Zeev Krieger, Amy Nelson and Matthew Seden took the top spot in the 2013 Aspen Business & Society International MBA Case Competition.

Excerpt from MarketWatch -- “'It doesn’t hurt for men to see ads with David Beckham, Mario Lopez and Tim Tebow,' Morwtiz says."

Excerpt from The Wall Street Journal -- "'I'm not convinced there's a big problem because these REITs are holding relatively liquid securities and represent a modest part of the mortgage market,' said Stijn Van Nieuwerburgh, director of New York University's Stern Center for real estate finance research."

Excerpt from The New York Times -- “'Right now, Apple is being priced as though it has no future growth,' he said."

Excerpt from Bloomberg -- “'The U.S. right now is doing the opposite of the optimal, because we have no medium-term plan for fiscal consolidation' due to political gridlock, 'and we don’t have actual short-term stimulus,' Roubini said."

Excerpt from the Financial Times -- "In fact volatility supremo and NYU Stern professor Robert Engle, who led the development of the SRISK system, expressed scepticism about this when we asked him about it at a conference in Sydney late last year."

Excerpt from MIT Technology Review -- "For example, Anindya Ghose, codirector of New York University’s Center for Business Analytics, cites a startup called C3metrics that is perfecting ways to track not only people across multiple devices, but also to track their “engagement” with mobile ads by determining whether they scrolled down far enough to even see it, or whether they hovered their mouse over the ad on a webpage."

Excerpt from Bloomberg Businessweek -- "If there’s one big winner in the demise of finance, it is consulting, probably the only industry in which salaries match or exceed those in financial services. For example, 22 percent of 2012 MBA graduates from New York University’s Stern School of Business took jobs in investment banking, down from 31 percent in 2010. Over the same period, the proportion snagging jobs in consulting rose from 15 percent in 2010 to 22 percent in 2012. In 2012, salaries for Stern grads in investment banking jobs averaged $103,254; consulting salaries averaged $126,696."

Excerpt from Poets & Quants for Execs -- "Chan plans to finish her MBA in 2.5 years. Like Xi, she finds the work-school-home travel triangle highly doable, and feels participation in Stern’s MBA clubs is vital. She belongs to the Part-Time Leadership Forum."

Nobel Laureate Muhammad Yunus, founder of Grameen Bank, addressed students from the NYU Stern School of Business and NYU Wagner School of Public Service during a special lecture and Q&A session.

Some 50 academics, practitioners and policymakers gathered at NYU Stern on April 15 for a roundtable discussion on “The Inside Scoop on Securities Litigation for 2013.” Industry experts discussed new litigation trends and anticipated the SEC’s main areas of focus this year.

Excerpt from Bloomberg -- “'There are hundreds of benchmarks with different features, but a common issue with some of the indices not based on actual transactions is the potential conflict of interest by the administrator who represents the market players and submitters themselves,' said Rosa Abrantes-Metz, an economist with New York-based consulting firm Global Economics Group Inc. and a professor at New York University’s Stern School of Business."