Experience Stern | News & Events

Excerpt from the New York Daily News -- "The Fortune Society, one of the most respected criminal justice reentry and advocacy organizations in the country, is an amazing place. They truly know how to provide the services and support to give thousands what they so desperately need – a second chance, a shot at redemption, an opportunity to lead the lives they might have had. They see people for who they are, not their convictions. Many of the staff themselves were formerly incarcerated. Their mantra? 'Don’t define me by the worst thing I ever did.'"

Excerpt from Forbes -- "'The censorship required for Google and other tech companies make China a tricky market,' said Navin Manglani, professor of technology for NYU Stern School of Business. 'Furthermore, Chinese competitors often either implicit government support, through the government imposing significant regulations for non-Chinese companies, or explicit government support, through grants or funding. The government is quite leery of foreign companies achieving prominence in China.'"

Excerpt from Risk.net -- "'In securities lending there aren’t sufficiently granular data to do the analysis. We’ve made improvements in some other areas – money market funds and so on – but we need better data for financial intermediation that occurs outside of the banking system and in private markets where we lack data,' he says."

Excerpt from The Wall Street Journal -- "That impact, however, 'is probably going to be marginal at best,' said Anthony Karydakis, an adjunct professor at New York University’s Stern School of Business. The reason, he said, is that corporate borrowing will likely be slowed by worries about trade tensions."

Excerpt from Los Angeles Times --"'A while back, Google unveiled AutoML, a neural net that can build its own "children" to perform certain tasks,' she said. '"Westworld" spins out these ‘what-if’ scenarios many, many degrees — which is exactly what we do as futurists. We should all be asking what happens when just a few people build AI systems that will in turn build their own progeny.'"

Excerpt from Fox Business -- "'It certainly raises the bar on tech regulation in general. It’s very different from just a dollar fine or collective executive accountability,' Sundararajan told FOX Business. 'It’s possible that we will see directives to Apple and to Google and to others that ask for similar guarantees, but I think it’s unlikely.'"

Excerpt from Just Style -- "Developed by Ecovadis and NYU Stern's Center for Sustainable Business, it analyses data from 210 buying organisations across all industries and geographies, along with an independent study of suppliers conducted among 399 companies."

Excerpt from Bloomberg -- "I think there are two different aspects to the question of no-deal. One is the likely longer run impact on the UK economy, which I think has been overplayed, considerably overplayed. No one really knows, but there's an awful lot of bogus pontification [or quantification?] going into the estimates of how bad it would be. The second issue, however, is the shorter term one: whether the immediate consequences can be managed. And that depends entirely on how much preparation has gone into it."

Excerpt from Poets & Quants for Undergrads -- "Author Tara Westover tells the story of her life growing up with no formal education in a survivalist household, and how she eventually completed her doctorate at Cambridge. It’s been chosen as the summer reading for all incoming NYU undergraduate students because the transition to college can be a step into a larger, more public, and more diverse world of ideas, people, and cultures. ... Chugh provides us with an eye-opening guide to becoming the person we’d truly like to be, and not just be a good person, but a good-ish person, who is always moving forward."

Excerpt from Business Insider -- "'Once you start bundling irrelevant stuff like video service, which retailers cannot match, that creates the possibility of an antitrust issue, and this is something that may be investigated,' he said."

Excerpt from the The New York Times -- "David Dunning and Justin Kruger discussed the many reasons people who are the most incompetent (their word) seem to believe they know much more than they do. A lack of knowledge leaves some without the contextual information necessary to recognize mistakes, they wrote, and their 'incompetence robs them of the ability to realize it.'"

Excerpt from MiM Guide -- "'New York City offers unique advantages. After graduating from our program, many students begin their careers working in one of "The Big Four" large public accounting firms — Deloitte, PricewaterhouseCoopers, Ernst & Young, and KPMG,' says Isser Gallogly, associate dean at NYU Stern, referring to the school’s one-year MS in Accounting course."

A new book by NYU Stern Professor Ingo Walter and co-author Clive Lipshitz illustrates the challenges facing America’s public pension system and its public infrastructure and suggests solutions to both, particularly by connecting the two.

Excerpt from The Australian -- "'I am now very pessimistic,' Haidt said. 'I think there is a very good chance American democracy will fail, that in the next 30 years we will have a catastrophic failure of our democracy.'"

On July 19, 2019, NYU Stern's Executive MBA Program and NYU Washington DC hosted a Stern EMBA Speaker Series event at NYU’s downtown DC location featuring Jo Ann Jenkins, CEO of AARP.

Excerpt from IR Magazine -- "Price comes, of course, from the stock market, from this floor, but book value comes from accounting. And it's completely mistaken, particularly because of this expensing of all intangibles. When we correct book values of companies—for the expensing of R&D, for the expensing of other intangibles—meaning we capitalize and amortize, rather than expense them immediately, we get substantially higher income from value investing. I mean, it's almost double."

Excerpt from Marie Claire UK -- "New York University professor Adam Alter, author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked explains that when we get ‘likes’ on social media our brain releases dopamine, known as the pleasure chemical."

Excerpt from CGTN -- "'There are stereotypes that women don’t tend to take risks as much and a large part of entrepreneurship is kind of risk taking. Now just because you’re a risk taker doesn’t mean you’re a better founder, but that can unfortunately end up propagating these biases as well,' said Hegde."

Excerpt from The Wrap -- "Paul Hardart, a former Warner Bros. executive and current head of the Entertainment, Media and Technology Program at NYU, called Netflix’s results 'concerning,' but pointed out 'Q2 has historically been their worst quarter from a reporting standpoint.'"

Excerpt from Politico -- "'We are being outspent. We are being out-researched. We are being outpaced. We are being out-staffed,' said Amy Webb, a professor at the NYU Stern School of Business who specializes in future forecasting. 'We have failed and are continuing to fail to see China as a militaristic, economic, and diplomatic pacing threat when it comes to AI.''

Excerpt from Retail Dive -- "'There is something off-balance on how the various tiers of loyalty membership have been structured,' Serdari​ told Retail Dive in an email. A Member is 'probably an occasional shopper who enjoys the brand association,' and then 'there is a considerable "spend" difference between Insiders and Influencers (from $500/year to $2000/year) that truly differentiates regular beauty shoppers from apparel devotees,' she noted."

Excerpt from BEME News -- "Paul Barrett, deputy director of NYU Stern's Center for Business and Human Rights, told me that YouTube's preference for increasingly extreme content is a feature of the system, not a bug. He told me YouTube is in the advertising business, so they have a financial incentive to keep users engaged."

Excerpt from Livemint -- "In a paper titled Sole Survivors: Solo Ventures Versus Founding Teams Jason Greenberg of the Leonard N. Stern School of Business at New York University and Ethan R. Mollick of University of Pennsylvania’s Wharton School posit that companies started by solo founders survive longer than those started by teams."

Excerpt from The Wall Street Journal -- "'It’s an innovative case,' said Nicholas Economides, an economics professor who looks at competition issues at New York University Stern School of Business. He thinks the EU has a real challenge if it attempts to show that Amazon’s use of the data is anticompetitive. 'Information alone is not going to make the case,” Mr. Economides said."

Excerpt from Reason Foundation -- "The authors analyzed asset allocation and return data for the nation’s 25 largest pension funds over a 10-year period. They found no correlation between allocations to infrastructure (and other alternative investments) and net investment returns. They hypothesize that higher expenses for these exotic investments offset their higher gross returns, but cannot verify this contention due to inadequate and inconsistent expense data reported by the funds."