Experience Stern | News & Events

Excerpt from Minnesota Public Radio -- "I think his strategy just didn't have enough time to succeed. I don't think as a strategy, in and of itself, it was flawed. One of our most successful retailers is Walmart. They have an EDLP. They've built it over a period of time. You can't build it overnight. It takes time. It takes a change in merchandise, it takes a change in brand building, all of which was leading to J.C. Penney bleeding and therefore really the strategy didn't really have a chance to succeed. Maybe in three years' time, had the company been able to have taken the losses, we would have seen a different company today."

On Monday, September 16, NYU trustee Ken Langone, educator Geoffrey Canada and investor Stanley Druckenmiller discussed "Generational Theft: How Entitlement Spending is Stealing Opportunity from America's Youth." The discussion was moderated by Bloomberg TV's Stephanie Ruhle.

Excerpt from Bloomberg TV -- "This was such a huge missed opportunity. If you look back at what the Gap did with Old Navy, they came in with 80% of the value of the Gap with 50% of the price. This is sort of 80% of an iPhone at 80% of the price and I just don't think that's that compelling a value proposition when you have all these other competitors who are narrowing the gap of innovation between Apple and the others, but at the same time, Apple just hasn't recognized that and lowered the price."

Excerpt from Fast Company -- "Until recently, the company has been 'using web pages and websites that people visit at a massive scale--a very sizable number of the sites people visit--and each one has some evidence for or against some particular brand,' says Foster J. Provost, a Professor of Information Systems, NEC Faculty Fellow at New York University Stern School of Business, and author of the recent book, Data Science for Business. He pioneered much of the data science behind Dstillery's operation as a member of the founding team. 'They can use both the info from the physical world and the info from the digital world, and they can use this info together to get more of a pure audience,' he says of the newly christened Dstillery."

Excerpt from The New Yorker -- “'There’s a mind-set that consumers are doing this just to save money,' Sundararajan said. 'But I think that what’s really compelling about the sharing economy is the variety and expansion of choices that it offers. Instead of being tied to owning one car, I can drive twenty different ones. So I expect this will expand consumption, rather than shrink it.'”

Excerpt from Financial Times -- "Both NYU Stern in New York and the Schulich school at York University in Toronto run standalone masters degrees in business analytics."

Excerpt from The New York Times -- “'A partnership involves people realizing that it’s their own money and it can be lost in market speculation and fines and a lot of other ways,' said Roy C. Smith, a former partner at Goldman Sachs who now teaches finance at New York University. Of course, there is a price to doing business the old-fashioned way. 'It’s a good structure if you are happy to stay a small niche player,' Mr. Smith said."

Excerpt from The New York Times -- "The owner of a clothing factory in Dhaka, Bangladesh, was at New York University last week to meet with clothing industry executives, labor activists and American and European government officials to talk about the Bangladeshi garment industry, the world’s second-biggest exporter of clothes after China."

Excerpt from The New York Times -- "Mr. Coase’s work cannot be read as a case for minimal government. On the contrary, his message was more purely pragmatic: Because we can’t negotiate efficient private solutions most of the time, we must ask whether laws and other institutions can help steer us toward solutions we would have chosen if negotiation had been practical."

Excerpt from CNBC -- "'Money market funds lack safety relative to other safe instruments, such as bank deposits or Treasury bills, because they have strong incentives to take on risk when the opportunity arises but they are vulnerable to runs once the risk materializes,' Marcin Kacperczyk and Philipp Schnabl said in a money market stability study for the Stern School of Business at New York University."

Excerpt from The Daily Beast -- "Paul Volcker, who ran the Fed heroically from 1979 to 1987, was a highly effective central banker. And he spent virtually all his career as a government bureaucrat—as an official at the Treasury Department and the New York Fed. 'He was at Chase for relatively short periods earlier in his career,' said William Silber, a professor at New York University’s Stern School of Business and author of Volcker: The Triumph of Persistence. 'He didn’t spend much time in the private sector. The real experience he got dealing with financial markets was between 1969 and 1974 when he was undersecretary of the Treasury.'”

Excerpt from Marketplace -- “'It may be too soon for people to enjoy this crisis because we’re still experiencing it to some extent,' says Richard Sylla, a professor of financial history at New York University's Stern School of Business. Theoretically, he says, one might enjoy a crisis through books, movies and art, but certainly not while your 401(k) is still trying to recover."

Excerpt from Bankrate.com -- "'The markets were shocked by that because they assumed [the Lehman collapse] couldn't happen,' says Richard Sylla, a professor of economics and financial history at New York University. 'That was really the worst part of the crisis.'"

Excerpt from The Wall Street Journal -- "One way to hedge that risk is by rebalancing. Richard Sylla, a professor of economics at New York University, says investors should choose what percentage of their portfolios they are normally comfortable allotting to stocks and bonds, and return to that balance on a regular basis, perhaps every year or six months. 'A certain amount of discipline is needed to do that,' he says."

The NYU Stern Center on Business and Human Rights brought together senior government officials from Bangladesh, local manufacturers, senior officials from the Bangladesh Garment Manufacturers and Export Association (BGMEA), and representatives of Bangladesh civil society and workers’ organizations to discuss workplace safety and the future of the garment industry in Bangladesh.

Excerpt from CCTV -- "Where are the women on Wall Street? If you look at the numbers, they're still not numbers based on the talent base that's coming out of our schools today."

Excerpt from Nightly Business Report -- "Obviously, the decision to go private is kind of to move away from the eyes of Wall Street, to look at longer term targets and to really try and completely reinvent the organization from the ground up. There is really no more money to be made in the PC market, certainly for Dell at this point in time."

Excerpt from Fox Business -- “'They screwed up in the Depression of the ‘30s, but there were a lot of times we had something that could have been worse and the Fed prevented it from getting worse,' said Richard Sylla, a professor and financial historian at NYU."

Excerpt from China Daily -- “'I think it's a mistake not to more aggressively pursue a larger part of the market with a phone at $400 (still more expensive than most of market),' said Scott Galloway, a professor of marketing at New York University’s Stern School of Business. 'The (marginally) lower price doesn't do enough to warrant a different product.'”

Excerpt from Startup Studio -- "I think that NYC has a massive advantage. New York catapulted to second among national rankings for entrepreneurial hubs, and for good reason. As innovators and entrepreneurs, one of the most important things for us is sharing ideas. When ideas are shared, they don’t just add up, they multiply."

In the first study of its kind, Professor Sam Hui of the NYU Stern School of Business and co-authors use in-store video tracking to observe grocery shopping from the shopper’s point-of-view. The researchers use this new data set, in conjunction with an entrance survey of purchase intentions, to study consumer behavior.

Dean Peter Henry and the Center for Business and Human Rights welcomed representatives from manufacturing, workers’ organizations and the governments of the United States and Bangladesh for the Conference on Bangladesh Workplace Safety, held at NYU Stern on September 9-11. This forum marked the Center’s inaugural event.

Excerpt from BBC -- "The number one lesson we learned from the current environment is we're still deeply interconnected. So what happens to the United States still matters greatly for what happens in the rest of the world, emerging economies in particular, as we see this question about when tapering will begin, if it will begin, what impact that's going to have, and we're seeing it have an effect already on currencies and capital flows."

Excerpt from Metro -- "It may not sound glamorous, but supply-chain management has emerged as one of the fastest growing – and consequently lucrative – MBA specializations in recent years, with increased public scrutiny in the social media age as well the (still) growing complexity of global business meaning that it’s essential to get it right. Among other things, NYU Stern’s specialization looks at global outsourcing strategy, business process design and implementation, and building and managing customer relationships."

Excerpt from Strategy + Business -- "I describe rivalry as a double-edged sword. One benefit that I’m investigating may be that when organizations have fierce rivals, the individuals in those organizations may be more committed and more loyal to each other. The presence of a constant rival in their minds may foster greater in-group cohesion. Other benefits include increased motivation and performance. For example, when runners competed against a rival (as opposed to against their other competitors), they ran an average of 5 seconds per kilometer faster in a race. And when we asked individuals to think about personal rivals for just a few minutes, they exhibited increased motivation and persistence on a subsequent task."