Experience Stern | News & Events

Excerpt from Australian Financial Review -- "My great fear is there is too much a sense of complacency in Australia – there is too much of a sense that Australia avoided the worst of the financial crisis and it will do so again. I think for that reason, this financial system inquiry is extremely timely – to actually have a fact based analysis of how well we did we do, and what can we do to reduce the incidences and impact of financial crisis. I don't think the experience of Australia during the financial crisis is necessarily an indication of how Australia will fare in future financial crises."

Excerpt from CNNMoney -- "'There's a point where products derive much more attention than any rational expectation would suggest,' said Jason Greenberg, PhD and assistant professor at New York University's business school, 'In a market where potato salad can raise $55,000, it's not that surprising.'"

Excerpt from Financial Times -- "Students at leading business schools... the biggest secular macro-trend that they're going to deal with is the migration of people from rural to urban, which, in turn, opens up massive business opportunities all around you in infrastructure, you name it, there's opportunities... Most business schools that I know don't seem to address the whole, with the exception of NYU, which has actually set up an entire center to basically study the city as a unit of analysis."

Excerpt from Bloomberg BNA -- "'The biggest takeaway is just that implementing an affirmative action plan alone is not enough,' Lisa Leslie, the study’s lead author and an associate professor in New York University’s Stern School of Business, told Bloomberg BNA Aug. 20. 'It needs to be done as part of a broader effort to minimize any unintended consequences.'"

Excerpt from NPR -- "Edward Altman of NYU's Stern School of Business says there's nothing illegal about the hedge funds' demands. 'They have the right to not accept what they think was a flawed plan and the fact that they were holdouts doesn't make them vultures,' he says."

Excerpt from Marketplace -- "It's not going to cripple the company, but it gets headlines. It wipes out their annual profit. I'm sure they're saying to themselves, 'this is largely about organizations we acquired. Let's just get this behind us.'"

Excerpt from Sydney Morning Herald -- "NYU Stern School of Business professor Stephen Brown, who has studied the interim report, said policy around financial advice needed to ensure conflicts of interest were minimised and remuneration structures had a big effect. 'I am a great proponent of fee-based financial advice,' he said. 'That is ethical and the appropriate way to do this. People need advice and they need unconflicted advice.'"

Excerpt from BBC -- "In terms of a solution, [human connection is] a big part of it. We tend to be isolated from the events and from the communities and from the neighborhoods around us, and having sort of a stronger human connection and having a stronger context for what is around us, I think, is a big part of the solution. Eventually, we're all human. If we have a closer connection to either the people or to the neighborhoods in which these things happen, I think that will go a long way in preventing them from happening again in the future."

Excerpt from CCTV -- "On the one hand, it’s a good move because the people getting these loans don’t understand how bad things can get if they don’t pay them back. So one solution to go after the lenders who are being exploitative. But it’s also important we recognize there is a significant fraction of the United States that is unbanked."

Excerpt from CNBC -- "We have a Center for Business and Human Rights precisely because millennials are concerned with this. They're not just concerned about doing good, they're not just concerned about making ethical decisions on tax inversion and re-domiciling, but they're concerned about, how do they do that in the context in which they are also capitalists. They also want to make money. They want to do well for their families. So, how do we... address that? And I think that what we are trying to instill here with the Center for Business & Human Rights is really, how does human rights and these other questions... how do they come up in the classroom? And, more importantly, we're seeing them pop up not just in ethics... but we're treating it as a business question... I think that, at Stern, it's important to us to instill that character and integrity in our students."

Excerpt from CNBC -- "One of the things we're really focused on with our students is helping them be leaders by asking the right questions. So, this morning, actually, we just welcomed our incoming class of 409 MBA students. And we put in front of them Malcolm Gladwell, who spoke very, very passionately about the connection between leadership and data, actually. So, in other words, it's not enough just to have lots of information. You have to ask the right questions about how to use that information."

Excerpt from International Business Times -- "Using Sageworks’ data from 2001 to 2011, researchers from New York University, Harvard and NBER found in a July 31 paper that private firms invest significantly more than publicly traded companies of similar size and industries. Private companies also invest in a way that’s 3.5 times more responsive to changes in investment opportunities, especially in industries in which stock prices are most sensitive to earnings news, said the report’s authors, John Asker from NYU’s economics department and business school; Joan Farre-Mensa from Harvard’s business school; and Alexander Ljungqvist from NYU and NBER."

Excerpt from The Huffington Post -- "Just as companies have begun in recent years to monitor social media like Facebook and Twitter for feedback, the recent spate of high-profile recorded customer-service calls may push some companies to improve their customer service, according to Priya Raghubir, a professor of marketing at New York University's Stern School of Business. 'Just the mere fact that consumers could be doing this will get companies to start being a little more cognizant of trying to reduce the extent they try to hold customers hostage,' Raghubir told HuffPost."

Excerpt from Bloomberg -- "I think [Google's] ultimate goal, even if none of these great things - self-driving cars, or blimps that increase broadband - come to fruition ... as long as they maintain that status as the supreme source, the most trusted source of information in the world, they're going to do just fine without driverless cars or any other product. So the future looks pretty good for them other than the law of big numbers. It's hard to improve a 400 billion dollar market cap."

Excerpt from InsideCounsel -- "In a statement to InsideCounsel, Michael Spence, a Nobel prize winning economist who teaches at New York University's Stern School of Business, said that, 'Under normal competition policy rules, charging a high price is not a violation of anything unless there is collusion among competitors,' Spence explained. 'There doesn't seem to be any evidence or commentary on that point.'"

Excerpt from BRW -- "Much of my investigation centered on flat-panel computer displays. I examined company and product data for 55 firms from the 1980s through the 2000s. Initially, companies pursued either plasma screens or liquid crystal displays. LCDs turned out to be the right call, but several firms with an early focus on plasma, including IBM, ended up as the top LCD performers. Why? I believe that switching to a new technology often forces companies to rapidly ascend a steep learning curve, and they can then use their knowledge to beat competitors whose learning proceeded more slowly."

Excerpt from Financial Times -- "The wider lesson, according to Michael Spence, a winner of the Nobel Prize for economics, is that the main current threats to prosperity – those that urgently need effective international co-operation – are the spillover effects of regional tensions, conflict and competing claims to spheres of influence. The most powerful impediment to growth, he adds, is a loss of confidence in the systems that made rising global interdependence possible."

Excerpt from Forbes -- "I’ve been amazed each time I discover a new, innovative Microsoft Kinect application for Windows gesture, voice and movement sensing technology. The areas are as diverse as healthcare, education, retail and business-to-business product demos. What Microsoft has done with Xbox Kinect beyond video games highlights two important aspects of new product innovation I think more firms should engage in..."

Excerpt from Bloomberg -- "I think the world will probably segment into apartment buildings that will advertise themselves as being Airbnb-free and there will be other apartment buildings where people will encourage Airbnb. So you will have an actual segmentation based on what kind of living experience you want and what kind of supplemental income generating potential you want your real estate to have."

Excerpt from The New York Times -- "Beautiful Asset did another review of the art market, using a different measure, and reached a similar conclusion: While, historically, the percentage of works resold within five years is higher now than it was, say, two decades ago, that percentage has been decreasing since 2008. 'It reached a high right before and after the financial crisis,' said Michael Moses, a founder of Beautiful Asset, 'and it has been declining since.'"

Excerpt from Reno Gazette Journal -- "Kruger and Dunning refer to their finding as the 'dual burden' of the unskilled: 'Not only do these people reach erroneous conclusions and make unfortunate choices, but their incompetence robs them of the metacognitive ability to realize it.'"

Excerpt from Bloomberg -- "'There’s often an issue that regulators don’t completely understand' the sharing-services industry, said Arun Sundararajan, a professor of information, operations and management sciences at New York University. 'It’s particularly interesting in the area of aviation regulation as it is by far the most regulated transport industry, so it’s going to be a tough transition.'"

Excerpt from The Washington Post -- "The study found that, overall, women are 13 percent more likely to meet their Kickstarter goals than men, and the effects are most evident in areas like technology. While less than 10 percent of the technology projects are accounted for by women-led teams on Kickstarter, 65 percent of the technology projects founded by women reached their fundraising goals, compared with just 30 percent of male-led ventures succeed."

Excerpt from The New York Times -- "Another study by Jason Greenberg at New York University’s Stern School of Business and Mr. Mollick also found higher proportions of female funders led to higher success rates in capital-raising for women."

Excerpt from Forbes -- "In his book The Happiness Hypothesis, Jonathan Haidt writes: 'The mind is divided in many ways, but the division that really matters is between conscious/reasoned processes and automatic/implicit processes. These two parts are like a rider on the back of an elephant. […] Learning how to train the elephant is the secret of self-improvement.'"