Faculty News

Professor Aswath Damodaran weighs in on Aramco's valuation ahead of its IPO

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Excerpt from CNBC -- "NYU Stern professor Aswath Damodaran, known as the 'Dean of Valuation' for his company analyses, says that Aramco more or less valued their IPO correctly, but that he still wouldn’t invest because of the inherent limited upside as well as the political risk that surrounds the world’s largest oil company."
Press Releases

NYU Stern Marketing Experts Available to Comment on Black Friday, Small Business Saturday, Cyber Monday and 2019 Holiday Shopping Trends

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NYU Stern marketing faculty are available to offer perspectives on this season's holiday trends. In addition to commentary on Black Friday, Small Business Saturday and Cyber Monday, the following professors can speak to what we will see this year around brick and mortar stores, digital/mobile trends, luxury retail, tech gifts and more.
Faculty News

Professor Lawrence White describes how import tariffs damage both sides of a trading relationship

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Excerpt from Politifact -- "'As a general matter, import tariffs are a tax,' said Lawrence White, a professor at New York University’s Stern School of Business. 'Tariffs, like any tax, generally introduce an inefficiency and makes the two sides of the trading relationship poorer — not richer.'"
School News

In a trend story, the TRIUM Global Executive MBA program is highlighted for its high quality, seamless global perspective and experience

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Excerpt from Financial Times -- "The Trium partner schools — HEC Paris, the London School of Economics and New York University’s Stern School of Business — try to make campus transitions seamless. For example, modules are taught by the professor who is most knowledgeable on the subject, with faculty expected to travel if the class is not where they are based. Gottschalg says this ensures consistent teaching quality across campuses and creates a shared sense of identity among teaching staff."
Faculty News

Professor Allen Adamson explains why WeWork is struggling to achieve meaningful cost reductions

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Excerpt from the Associated Press -- “'They have been living in Never-Never Land, an unsustainable paradise that is now going to get ratcheted back,' said Allen Adamson, an adjunct professor at New York University’s Leonard N. Stern School of Business. 'They are not going to be able offer fewer cups of coffee to close the gap. It’s too big a gap. This is going to draconian in term of what has to be done.'”
School News

In a trend story, Executive MBA student Bryan Tran Lu highlights his classmates' Global Study Tour volunteer project to build sustainable water heaters for low-income communities in Argentina

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Excerpt from Financial Times -- "Not all the community projects on offer at EMBA programmes are local, however. For his global study tour, Bryan Tran Lu, an EMBA student at New York University Stern School of Business, volunteered with his classmates to build sustainable water heaters for low-income communities in Argentina."
Faculty News

"Professor Vasant Dhar argues that Know Your Customer (KYC) laws would help alleviate advertising fraud on Facebook "s

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Excerpt from Quartz -- "Another possible regulation would be to subject Facebook to bank-style Know Your Customer (KYC) laws. Banks are required to extensively verify their customers’ identities to prevent fraud, money-laundering, and terrorist financing. New York University data science professor Vasant Dhar has called for similar requirements to be imposed on platforms."
Research Center Events

KIND Snacks’ Daniel Lubetzky on the Powerful Role of Business to Connect People in Today’s Polarized World at NYU Stern’s 14th Annual Haitkin Lecture

Tensie Whelan and Daniel Lubetzky
Daniel Lubetzky, founder and executive chairman of KIND Snacks, sat down with Professor Tensie Whelan, director of NYU Stern's Center for Sustainable Business, for an in-depth conversation as part of NYU Stern’s 14th annual Haitkin Lecture, hosted by the School’s Business and Society Program.
Research Center Events

Executive Education Short Course: Modern Finance Topics for Senior Executives

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Modern Finance Topics for Senior Executives is an intensive five-day overview of the modern finance skills, techniques and issues that are most pertinent to top executives of business firms.
School News

Center for Business and Human Rights Deputy Director Paul Barrett explains how social media platforms have helped polarize political opinion

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Excerpt from The Hill -- "'He is going to rile up and thrill his base while infuriating liberals and moderates who are opposed to him,' Barrett said 'That is very representative of the impact that social media has generally in terms of exacerbating polarization in the electorate.'"
Faculty News

In a feature story, Professor Viral Acharya shares a list of inspirational books; Professor Thomas Philippon's new book, "The Great Reversal," is highlighted

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Excerpt from Bloomberg Quint -- "The former deputy governor of the Reserve Bank of India, who once quoted Ernest Hemingway to explain the change in his view on interest rates for Indian economy, 'highly recommends' Vasily Grosman’s Life And Fate, as he shares a list of books that he has enjoyed reading over the years."
Faculty News

Professor Richard Sylla discusses the ability of cryptocurrencies to make overseas payments less expensive and more secure

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Excerpt from Cointelegraph -- "'We all know that banks charge you a lot for transferring money,' told Sylla to Cointelegraph. Bitcoin and other cryptos hold the promise of making overseas payments less expensive and more secure. Breaking the banks’ so-called monopoly here would have benefits."
 
Faculty News

Professor Tom Meyvis' comments on removing gender labels from toys are cited

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Excerpt from Medium -- “Tom Meyvis, a professor of marketing at New York University’s Stern School of Business, notes that removing gender labels from toys hands more control to the customer, allowing them to ‘decide for themselves what is the ideal product for their son or daughter, rather than being told this is the category your child falls into.’”
School News

The TRIUM Global Executive MBA program is recognized as best in class among peer programs in work experience and international course experience

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Excerpt from Financial Times -- "The Trium Global EMBA comes third overall in this year’s ranking, down one place from 2018, but retains the top spot for both work experience and international course experience. The 18-month course is spread over five locations — modules are taken in Shanghai, Paris, London, New York and California — but the format is designed so that students spend 10 weeks away from the office."
Faculty News

Professor Irving Schenkler examines Boeing’s crisis management strategy as its 737 MAX nears a return to service

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Excerpt from The Seattle Times -- "Boeing’s 'the less said, the better' approach created a vacuum that was ultimately filled by critical news reports that exposed deeper safety concerns and contradicted the company’s statements," Schenkler said.
Faculty News

Professor Scott Galloway explains why J.C. Penney must diversify its offerings and focus more on customer experiences

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Excerpt from Marketplace -- “'If necessity is the mother of invention, desperation is the grandmother of innovation, and this is a company that has to take risks,' said Scott Galloway, a New York University marketing professor."
Faculty News

Professor Tensie Whelan's comments on corporate sustainability initiatives are spotlighted

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Excerpt from L.A. Biz -- “'Companies that make sustainability a priority stand to benefit immensely, as sustainability initiatives also force them to identify efficiencies in their operations, maximize their supply chains and minimize waste,' said Tensie Whelan, director of the Center for Sustainable Business at NYU Stern, at a 2019 HSBC event on disruption and innovation in the retail and apparel industry. 'The result is often an increase in yearly revenue and a renewed sense of loyalty among consumers who see the company as a champion for sustainability.'”
Faculty News

Professor Joshua Ronen is quoted in a story addressing Under Armour's accounting procedures

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Excerpt from The Baltimore Business Journal -- "If a company is channel stuffing, it ends up shipping more product than can be sold and accepting as returns more product than it can sell. Ultimately, channel stuffing catches up to the company because the company loses the ability to inflate its sales. The total loss ends up being revealed and the company's stock price takes a hit. 'It's a vicious cycle,' said, Joshua Ronen, a professor of accounting for the Leonard N. Stern School of Business at New York University."
Faculty News

Professor Panos Ipeirotis' research on Mechanical Turk is mentioned

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Excerpt from The New York Times -- "An N.Y.U. data scientist who studies Mechanical Turk, Panos Ipeirotis, estimates that there are from 100,000 to 200,000 turkers, and that at any moment several thousand are doing tasks. The vast majority of turkers are believed to be in the United States — at least three-quarters, researchers say — with India a distant second."
Faculty News

Professor Scott Galloway's recent blog post on building a multi-billion dollar company is published

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Excerpt from Business Insider -- "Any company that creates more than $10 billion in shareholder value does one of two things: extend time (more time, saving time) or enhance time."
 
Faculty News

Professor Stephen Ryan discusses the Financial Accounting Standards Board's (FASB) stance on allowing companies to amortize goodwill

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Excerpt from Bloomberg Tax -- “'Impairment makes a lot of conceptual sense,' said Stephen Ryan, a professor at the New York University Stern School of Business. 'In practice, it’s very difficult for a number of reasons.'”
Student Club Events

Multicultural Marketing: Reframing the Cultural Mosaic

Poster for "Multicultural Marketing: Reframing the Cultural Mosaic"
On Friday, November 15, the Stern Graduate Marketing Association will host the 2019 GMA Conference, entitled, "Multicultural Marketing: Reframing the Cultural Mosaic."
Faculty News

In an in-depth Q&A interview, Professor Luca Petruzzellis explains the growing importance of the digital world in place branding

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Excerpt from The Place Brand Observer -- "My view on place branding has changed a lot. At the beginning it was strongly influenced by my economics studies, but it has evolved since then in that I’ve integrated psychology and sensory aspects. In fact, now I am working on the application of sensory branding to places. Moreover, nowadays the digital part of a brand and experiences needs also to be considered and measured."
Faculty News

Professor Viral Acharya's thoughts on highly accommodative monetary policies are highlighted

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Excerpt from Financial Times -- "A new economics note offers a reasoned argument against ultra-low interest rates; it is the most elaborate version of the so-called 'zombie effect' I have seen. Viral Acharya argues that low rates keep 'zombie firms' alive — these are commercially non-viable companies that only stay out of bankruptcy because banks 'evergreen' their loans at ultra-low rates rather than foreclose."
Faculty News

Professor Michael North offers thoughts on the prevalence of ageist generalizations in the workplace

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Excerpt from Thrive Global -- "'It’s worth noting that the law, through ADEA, only offers legal protection for people age 40 or older, “which opens up a separate line of inquiry as to why stereotyping the young as ‘lazy millennials’ is considered acceptable,' Michael North, Ph.D., assistant professor of management and organizations at the N.Y.U. Stern School of Business, tells Thrive."