Experience Stern | News & Events

Excerpt from MIT Technology Review -- "'Pure-play Web retailing is not sustainable,' New York University marketing professor Scott Galloway told me. He points out that the deep discounting and high delivery costs that characterize Web sales have made it hard for Amazon to turn a profit. If Amazon were to remain an online-only merchant, he says, its future success would be in jeopardy. He believes the company will end up opening 'hundreds and then thousands of stores.'"

Excerpt from amNewYork -- "'He thinks it's a one-way street that "oh we'll just cut back on what we'll buy and that won't affect what we sell," but sorry the world doesn't work that way,' White said. 'For one thing there will be retaliation. Even in the absence of retaliation, if we buy less from abroad there are going to be adjustments in the exchange rate, which will then make it harder for us to sell abroad.' While White said it won't devastate the city's 'very robust economy,' it also won't be very beneficial."

Excerpt from CNNMoney -- "Henry has raised more money than any dean in the school's history, and focuses on creating greater access to higher education."

Excerpt from Dartmouth Review -- "As the academy began to lean more and more to the left, and as the culture got more and more intense I began to notice some weak reasoning among social scientists. I started getting concerned that the lack of viewpoint diversity was harming our science, our research and our scholarship. I first began talking about that in 2011 and since then its gotten worse and worse and I’ve gotten more and more passionate about it. So that’s the story about how I’ve become active in the movement for viewpoint diversity."

Excerpt from the Financial Times -- "Similar work has also begun to appear in academic journals, including a recent paper by Professor Robert Whitelaw from the New York University’s Stern School of Business: 'The real value of China’s stock market.'"

Excerpt from BusinessBecause -- "The wider fintech curriculum — which includes peer-to-peer lending, financial data analytics and entrepreneurship — will have to be taught at every business school, argues Professor David Yermack, chair of NYU Stern's finance department, because employers will demand it."

Excerpt from The Economist -- "A paper published in 2010 by Stijn Van Nieuwerburgh, of New York University, and Pierre-Olivier Weill, of the University of California, Los Angeles, found that the association between incomes and house prices had strengthened. Between 1975 and 2007 house prices became ten times more sensitive to wages. As productivity and wage gaps across metro areas widened, house prices also diverged. This trend has continued."

Excerpt from Xinhua -- "It is conceivable that the Trump administration could throw the global economy into recession. Not necessarily. I'm not even predicting it myself. But it is a possibility."

Excerpt from WIRED -- "Sundararajan, whose work focuses on the on-demand economy, expects to see tax policies friendly to small businesses, including people who set themselves up as 'businesses of one.' On the other hand, Trump’s pledge to repeal the Affordable Care Act would be hugely damaging to gig economy workers. As independent contractors, they don’t get paid time off, workers’ compensation, or health insurance through the companies they gig for, such as Uber. If the ACA is dismantled, they may need to seek full-time jobs that offer health benefits, which could hurt the companies that rely on their labor."

Excerpt from The Hollywood Reporter -- "'It seems obvious that as a former fashion model, Mrs. Trump may have a large impact on the apparel industry,' said David Yermack, professor of finance at New York University’s Stern School of Business, who studied Michelle Obama’s impact on the fashion industry and found that for 189 public appearances the first lady made between November 2008 and December 2009, she generated about $2.7 billion in value for the brands she wore, including U.S. labels J. Crew and Liz Claiborne, and European labels, too."

Excerpt from BusinessBecause -- "NYU Stern was a great launch-pad. We partook in and won a business plan competition which gave us a crash-course in starting up the company. And there’s a startup incubator at the school, where we were super-focused on figuring out our first target market."

Excerpt from the Financial Times -- "I think the one box where the Trump effect could be significant is what he said about trade. Because to the extent that he stands behind his words, and that's always with a caveat that all politicians say things when they are getting elected that they might not carry through, he's signaled the intent to not just not sign new trade contracts and trade agreements but also revisit old ones. And this is like game theory, which is if you go back and decide that you're not going to do something in the trade arena, there are going to be people 'oh you put up tariffs against certain countries, there are going to be others,' you could potentially set off a trade war. And that is not good news for anybody involved."

On Friday, November 11, the Graduate Marketing Association will host its 2016 conference, themed "The Next Generation of Consumers," highlighting how recent cultural and consumer trends have changed marketing practices across industries.

Excerpt from Crowdfund Insider -- "On Wednesday, New York University’s Stern School Business held its inaugural Fintech Conference. The event addressed critical issues in the fintech industry, which included regulations to public policy, equity crowdfunding, marketplace investing, and blockchain technology. Dan Schulman, president and CEO of PayPal, was the keynote speaker."

Excerpt from Ethisphere -- "Sustainability for business is a journey, so we are all learning along the way. This is about redesign. It's hard to say that any business is fully sustainable right now. But the way that I would define it is a sustainable business at minimum is having no negative impact on material, environmental, social and governance factors in its business."

Excerpt from NBC News -- "'Mr. Trump claims he's going to bring jobs back to America. That would seem to favor companies like steel companies, coal, maybe there are a few sectors where companies might benefit from the restraints on trade. But as a general matter, big companies are unlikely to be benefiting from the Trump agenda,' White said, because of their international exposure and global supply chains. 'To go back to the 1950s would be a wrenching experience.'"

Excerpt from Yahoo Finance -- "'The way you make money is by broadening the marketplace, so the interest of these companies is to broaden the marketplace as much as possible. But to renegotiate a trade deal could start a trade war that could reduce the size of the market,' Clementi explained."

Excerpt from The Wall Street Journal -- "'Realizing that, the rational thing to do is to settle,' said Nicholas Economides, an economics professor at New York University Stern School of Business."

NYU's Stern School of Business, the first business school to establish a FinTech specialization for MBA students, held its inaugural FinTech Conference on November 9, 2016. Featuring keynote speaker Dan Schulman (MBA ‘86), president and CEO of PayPal, the conference addressed many critical issues in the industry, ranging from regulation to public policy, equity crowdfunding, marketplace investing and blockchain technologies.

NYU Stern's Management Communication Program and the Center for Communication will co-host a conversation on "The New Rules of Audio."

NYU Stern’s Salomon Center and The Clearing House welcomed Carmen M. Reinhart, Minos A. Zombanakis Professor of International Financial System of Harvard Kennedy School for the Gallatin Lecture Series on Banking. In her talk, Reinhart shared some of the key indicators that a financial crisis may be coming, including a surge in public and/or private debt.

Excerpt from The Washington Post -- "'He’s built this enormously resonant brand with what I’ll affectionately call angry white males. It’s not only a big market, but it appears to be growing,' said Scott Galloway, a professor of marketing who teaches brand strategy at New York University, on Tuesday. 'But his current product offering caters to affluent, fortunate and relatively happy people. And as a general rule, the affluent are mildly horrified by the current trajectory of the Trump brand.'"

Excerpt from the Harvard Business Review -- "...for Mexico’s long-term economy, the question of who will be the next U.S. president was never pivotal. To judge Mexico’s economic future, you might want to pay closer attention to the Mexican Hass avocado and less attention to the price of the peso."

Excerpt from The Wall Street Journal -- "Businesses face similar challenges in asking the right questions and collecting accurate data. The human tendency to rely on data that reinforces what is already known can inhibit organizations from making sound strategic decisions, said Vasant Dhar, a professor at New York University’s Stern School of Business and the NYU Center for Data Science."

Excerpt from the Financial Times -- "For example, one recent study (by Katherine Milkman, Modupe Akinola and Dolly Chugh) sent 6,500 emails to professors from a fictional student, requesting a 10-minute meeting to discuss applying to a doctoral programme. The emails were all identical except for the race or gender of the imaginary applicant. Generally, emails from white men were more likely to receive a response. But this was true for almost all subjects -- economics was not particularly blameworthy."