Experience Stern | News & Events

Excerpt from The Globe and Mail -- "Companies with corporate jets underperform market benchmarks for average shareholder return by 4 per cent, New York University Professor David Yermack found. One interesting tidbit in the study, Bryant University Professor Michael Roberto notes, is that companies with jets also tend to have CEOs with long-distance golf club memberships."

Excerpt from Crain's New York -- "'To have this dealership model hardened into stone is purely protectionist and gets in the way of efficient distribution,' said NYU's Mr. White. Forcing Tesla—which makes relatively few cars and sells them at a high price point to a narrow consumer base—to engage in wholesale relationships with franchises would cripple the company and doom the franchises, he said."

Excerpt from The New York Times -- "Christie’s, the auction house, has estimated that the core of the collection would sell for $454 million to $867 million. But those figures cover only a fraction of the museum’s art; others have put the total value much higher. Foundations and individual donors have already pledged hundreds of millions to keep the collection off the auction block, but whether they will succeed remains uncertain."

Excerpt from The Economist -- "Rosa Abrantes-Metz of New York University’s Stern School of Business, whose number-crunching helped expose the LIBOR affair, thinks the Americans are too sceptical. She argues that market screening, like the medical sort, is useful as an indicator that prompts further investigation."

Excerpt from NPR -- "If you have to rock the boat to get what you think you deserve, then you should do it, but I think there's a right way to do it. You don't have to be rude."

Excerpt from The New Yorker -- "In 2012, an economic analysis by Masakazu Ishihara, of New York University, and Andrew Ching, of the University of Toronto, found that if used games were to disappear from the market and new games stayed at current prices—which would effectively make the games more expensive for the buyer—the average profits per game would fall by ten per cent."

Excerpt from Poets & Quants -- "Stern Dean Peter Henry says a major concern for him is 'accessibility' to higher education. One of his top priorities is to raise more money for scholarships for both undergraduate and graduate students. The reason average debt is down at Stern, he says, is increased funding for scholarships and a new program that forgives loans if a graduate pursues a career in the social sector."

Excerpt from CNBC -- "We started the idea for SunCulture through New York University's Business Plan Competition about two years ago... I studied mechanical engineering. I was working in renewable energy. We were doing large-scale commercial solar power installations and Samir came on board as a finance guy coming from Stern. So we put those two backgrounds together and made this idea happen."

Excerpt from MarketWatch -- "Studies show that consumers have a blind spot when it comes to hidden fees, says Vicki Morwitz, a professor of marketing at the Stern School of Business at New York University. 'When firms separate surcharges from the base price, research shows that consumers do not fully notice them or integrate them into their estimates of total costs,' she says. 'In the short run, I am not surprised that [StubHub’s new pricing] affected sales, since we know that price perceptions influence sales.'”

In a discussion hosted by NYU Stern’s Leadership Development Initiative, Dr. David Rock, Co-founder and Director of the NeuroLeadership Institute, spoke to MBA students on March 27 about key neuroscience research findings that have implications for improving leadership best practices.

Excerpt from BNN -- "The amount of contracts outstanding linked to interest rates like Libor and Euribor et cetera, those are in the region of 600 to 700 trillion dollars, so the sheer size of these markets has increased tremendously, and that increases the potential for profit if one is able to manipulate one or other of these rates or prices. On the other hand, the technology for detection of manipulation has also improved... so we are able to trace things that probably we were not able to even a few years ago. So these two factors are at work, but my own feeling is, given the stakes that are at work here, the incentive to manipulate has been substantial and a few unscrupulous people have been able to derive substantial profits and, of course, a few are being caught today."

Excerpt from Bloomberg TV -- "Back to this whole idea that innovation changes radically when companies go public: This is how innovation happens for publicly traded companies. They go in and they make these deals, they make these acquisitions, they invest in things to kind of grow the portfolio as opposed to deepening what they are already in."

Excerpt from Bloomberg TV -- "First of all, you have a bunch of countries that are fragile independent of the Fed, like Argentina and Venezuela and the domestic political and economic dynamic of it is going to matter more than what the Fed does... Secondly, I would say that within Latin America, there are some countries that are actually much more sensitive to the China risk rather than the Fed risk. Take, for example, Peru or Chile... For them, Fed normalization is not going to be a big shock."

Excerpt from Reuters -- "...it's back to what the firm has done well for a long time, which is the Office suite. But it's kind of saying we're going to favor one of the children of the company as opposed to the other, as opposed to trying to keep them together as they've been doing for the last 20-something years."

Excerpt from The Wall Street Journal -- Arun Sundararajan, a professor at New York University's Stern School of Business, said Citi Bike's success supported an argument for more private financing from higher fees and more corporate sponsorship -- not public funding. 'Right now the large revenue bet should be on annual subscribers,' he said. If annual memberships rose to as much as $140, 'it seems very unlikely to me that a lot of people would not renew because of price.'"

Excerpt from Bloomberg TV -- "There's differences between culture and differences within the company, but when you think about the example you're setting for your own organization in some ways, about what responsibility means within your organization and kind of how you think about conveying bad news...that sends a signal for how bad news should be conveyed within an organization if you send it out by text message."

Excerpt from CBS -- "Apart from New York and Las Vegas, I think in pretty much every other US city in ten years, taxi service is going to be completely dominated by these platforms."

Excerpt from Marketplace -- "The model is that they [the theaters] share the revenues from the tickets with the studios who get the bulk of the revenue right up front."

Excerpt from TIME -- “'In the future, donors will be a lot more circumspect and skeptical about putting in money, especially in projects where they could have even an inkling of an idea that this might be bought out by a tech giant like Google, Facebook, or Apple,' says Anindya Ghose, a professor at New York University who studies the crowdfunding sector. 'They do not believe in backing projects for financial, commercial reasons. For them it’s a lot about a cause or altruism.'”

Excerpt from Forbes -- "NYU finance professor Aswath Damodaran updated his take on Tesla on his blog this week, admitting the company has made significant strides since he last pegged its value at around $67 a share last September. Still, for all the projected positives, Damodaran doesn’t see enough to justify the current lofty price levels and puts the current value somewhere between $99 and $119 (depending on the timing of option exercises)."

Excerpt from The Wall Street Journal -- "Lord King of Lothbury — also known as former Bank of England Governor Mervyn King – has taken up a teaching post at New York University. NYU said Wednesday Mr. King will join the faculties of both its Stern School of Business and School of Law in fall."

New York University Stern School of Business and New York University School of Law today announced that Lord King, the former head of the Bank of England, will join the faculty of both schools in the fall 2014 semester.

The NYU Stern Center for Business & Human Rights and The Business & Human Rights Resource Centre welcome Christine Bader, author of The Evolution of a Corporate Idealist: When Girl Meets Oil, for a book talk and signing.

Excerpt from CNBC -- "'Last time around it took them two years to normalize from 5 to 5.25, too little too late … they created the biggest housing, real estate credit and equity bubble,' Roubini said Tuesday on CNBC's 'Closing Bell.'"

Excerpt from MarketWatch -- "The study — entitled Buffett’s Alpha — was published last November by the National Bureau of Economic Research. Its authors, all of whom boast strong academic credentials, work for AQR Capital Management, a money management firm: Andrea Frazzini and Lasse Pedersen, both finance professors at New York University, and David Kabiller, one of AQR’s founders."