Experience Stern | News & Events

Excerpt from MSNBC -- "On efficiency grounds [a land tax] does make a lot of sense, which is why folks like Milton Friedman were so supportive of the tax. I think, also, we've heard a lot about wealth inequality recently because of Thomas Piketty. An analysis of his data suggests that... what's driving capital to output ratios in a country like the United States is mostly land and housing values. So we've seen this surge in wealth inequality in the United States that's coming mostly from land and housing... the idea of taxing land is appealing for those who want to reduce wealth inequality in the United States."

Excerpt from Yahoo Finance -- "'The case for having a stronger role of women in the business world is compelling,' Roubini said during a speech at The Next Billion: Women and the Economy of the Future conference. 'Lots of work has been done, but more needs to be done.'"

Excerpt from Fox Business -- "I think in terms of the labels or the category we put them in, that's really important. So if you call this a fitness tracking device -- FitBit, Jawbone -- their longevity is almost nonexistent. I think they're going to be replaced by Apple. But if you change the label and actually put them in this category of 'calm technology,' because the whole promise of this category is that it's going to keep us in the flow of information without constantly demanding our attention like looking at our phones. So you'll get a buzz on your wrist, or you'll be able to see it out of your peripheral vision. That category is going to be huge. There's a big future. There's going to be a lot of players. So it depends what category you put them into."

Excerpt from TIME -- "There is a silver lining. Brazil needed a reason to escape its lethargy, and now it has one. While the Petrobras investigations threaten to grind government to a halt, they also provide an opportunity to clean house. Rousseff will salvage what she can, enacting plans to restore investor confidence by raising more revenue and spending less. That’s important in a country where the public deficit last year was nearly 7% of GDP."

Excerpt from Harvard Business Review -- "...a study by Jonathan Haidt of New York University shows that the more employees look up to their leaders and are moved by their compassion or kindness (a state he terms elevation), the more loyal they become to him or her. So if you are more compassionate to your employee, not only will he or she be more loyal to you, but anyone else who has witnessed your behavior may also experience elevation and feel more devoted to you."

Excerpt from The Atlantic -- "'What we found was that this friendly competition works great under the old way, when people are used to [seeing things as] every man for himself and you're getting judged on your own performance and merits,' says Gartenberg. 'Under the new [culture] where corporate had passed down this message that "We're a team, we're working together, and drivers matter," people responded really badly to the naming and shaming of people.'"

Excerpt from MarketWatch -- "Kim Schoenholtz, a economics professor at NYU Stern School of Business, said that Greenspan’s comment [on financial markets in 1996] is remembered because it was so rare during that time for central bankers to discuss asset prices. 'When Greenspan did that, it seemed to many observers to be out of place,' Schoenholtz said. Now it is part of the normal obligation of a central bank to alert people about the risks that markets and financial institutions pose to the financial system and the economy, he said."

Excerpt from The New York Times -- "While the power of money in politics should never be underestimated, institutions can be changed. Thomas Philippon of New York University and Ariell Reshef of the University of Virginia argue, for instance, that financial deregulation produced a huge wage premium for finance executives, even as it increased risks for the rest of society."

Excerpt from Marketplace -- "Sam Craig teaches marketing at NYU's Stern School of Business. Craig says historically, theaters and studios typically split box office receipts 50/50. But Disney reportedly wants 60 percent of the box office for the Avengers sequel. And that could add up. 'Studios need theaters. Theaters need films to make money.'"

Excerpt from Poets & Quants -- "My internship was just as much a chance to learn about the company, as it was to receive a full-time offer, in a short 10 weeks. So I embraced every opportunity I was given to gain exposure to different areas of the company, whether it was taking on an additional project, attending an industry event, or participating in store visits. This was also an opportunity to demonstrate how my previous work experience in advertising translated to a marketing role within the beauty industry."

Excerpt from BusinessBecause -- "At Stern School of Business in New York, students received a combined $200,000 in seed funding at a yearly competition for entrepreneurs, held by Stern’s Berkley Center for Entrepreneurship & Innovation. RecoverLINK, a mobile healthcare technology designed for heart failure patients launched by two Stern MBAs, among others, took home $75,000 in funding."

Excerpt from Bloomberg -- "The authors, five professors at New York University's Stern School of Business, Cornell's Johnson Graduate School of Management, and UT Austin's McCombs School of Business found that bosses were less likely to value or even notice the suggestions of people who were wallflowers at work, new to the job, or racial minorities."

The NYU Urban Seminar Series focuses on research with implications for urban policy. It is co-sponsored by the Urbanization Project, the Center for Real Estate Finance Research, the Marron Institute of Urban Management, and the Furman Center.

Excerpt from LinkedIn -- "Strong product was only part of MMLaFleur's story. Their Bento Box did the trick. Drawing on her Japanese background (Sarah is French-Japanese and a graduate of Harvard) came up with the idea of the bento: a box of six to eight items that are sent to every new customer after they have filled a brief survey online in which they elaborate on their personal style and which may be returned on its entirety if the customer does not like the items included. More often than not, customers keep most of the items sent to them. The difference lies in the new value that the bento box has added: it eliminates thinking."

Excerpt from Dhaka Tribune -- "Our assessment is that a valuation of $50bn [for garment industry exports] by 2021 is achievable, but far from guaranteed. To stay on track toward this goal, Bangladesh can’t afford the unsustainability that political unrest, poor working conditions and inadequate infrastructure bring to the garment sector. To make the '$50 billion by 2021' slogan a reality, the garment industry in Bangladesh will have to adopt another refrain since Rana Plaza: 'Business as usual is not an option.'"

Excerpt from Forbes -- "The three brands selected have historically not been known as cutting edge, big-time marketers, and one is a non-profit. This is inspiring, as it indicates that brands don’t need mega-budgets or to be considered marketing heavy hitters to do great, impactful, clever, strategic, and insightful work. Smaller brands can create stellar programs with budgets that are less than gargantuan."

Excerpt from TIME -- "In his new book, Superpower: Three Choices for America’s Role in the World, TIME editor-at-large and president of Eurasia group Ian Bremmer discusses the three choices the United States can make about its role in the world. He characterizes the choices, each with its unique benefits and consequences, as 'Indispensable America,' 'Moneyball America' and 'Independent America.'"

Excerpt from Silicon Valley Business Journal -- "'If you look at Apple the last 12 months, I’d argue they’ve performed better than any company in history,' said Scott Galloway, a clinical professor of marketing at New York University’s Stern School of Business. 'It’s the most profitable, strongest brand in the world.'"
 

Excerpt from ThinkAdvisor -- "...as the crisis fades in memory, finance professionals talk less and less about history's importance. Its cautionary lessons might interfere with taking the next big risk to make the next fast buck. One of the great lessons of financial history is that a lot of finance professionals over the decades and centuries never learn, and so they repeat the mistakes of the past."

Excerpt from Project Syndicate -- "The world would be better off if most governments pursued policies that boosted growth through domestic demand, rather than beggar-thy-neighbor export measures. But that would require them to rely less on monetary policy and more on appropriate fiscal policies (such as higher spending on productive infrastructure)."

Excerpt from Financial News -- "There is a lesson for the big banks in the way GE has disposed of its finance arm. The initial strategy, to dismantle GE Capital piecemeal, evoked little approval from the market. It was not until GE announced last month that it was selling off the entire unit that investors rewarded it with a price rise, so far sustained. The lesson for the banks, which still flinch at trying such a radical amputation of their own ailing units, is plain. Bite the bullet."

Excerpt from Business Insider -- "Peter Henry, Dean of New York University's Stern School of Business and author of 'Turnaround: Third World Lessons for First World Growth,' says there is still time for emerging markets to make some changes: 'The best time for structural reform in emerging markets would have been from the outset of the Fed's QE program, before tapering,' he said. 'The second-best time is today, but next week is better than never.'"

The NYU Stern Salomon Center and The Clearing House will host the second installment of the Gallatin Lecture Series on Banking, featuring speaker Gary Gorton, on Monday, May 4.

Excerpt from Bloomberg -- "'The risk of an unraveling occurs if there is an accident, and Greece decides to go into arrears in their payments to the IMF,' Nouriel Roubini, chairman of Roubini Global Economics, said on Bloomberg Television on April 28. 'The Greeks know that if an accident occurs it’s the beginning of potentially Grexit.'"

Excerpt from Financial Times -- "'How and what we learnt was of a different variety because the whole business environment was so different,' [Goldfrank] recalls, adding that this was in itself valuable in that it showed the challenges of operating in such a different economy. The pace of change in Cuba, where no business school yet exists, is a subject of debate. Tom Pugel, vice-dean of MBA programmes at Stern, is more confident than many of his academic peers and predicts that the country will have its own business school in five years."