Experience Stern | News & Events

On April 30, the winners of NYU Stern’s 11th Annual New Venture Competition and 6th Annual Social Venture Competition received more than $175,000 in seed money and in-kind support. After pitching their venture ideas, the three winning teams, each led by NYU students and alumni, were chosen by a panel of investors and business owners in the social enterprise and for-profit sectors.

The 2010 Four School Colloquium, hosted by NYU Stern’s Marketing Department, brought together more than 100 of the country’s foremost marketing researchers from Stern, Columbia, Wharton and Yale to share and present their most recent work on April 23.

New York University Stern School of Business is launching the NYU Stern Systemic Risk Rankings, a weekly rating and ordering by level of risk that the largest U.S. financial institutions bring to the financial system. The new rankings use stock quotations and other market data, from 1990 to the present, and provide an early warning that will help regulators identify threats to the overall health of the financial system.

New York University’s Stern School of Business’ Stern Campus Greening Initiative (SCGI) received a $10,000.00 grant from The Brita Products Company for their proposal to install 25+ water bottle filing stations in NYU campus buildings. The grant is provided by the College FilterForGood Eco-Challenge www.filterforgood.com/ecochallenge/, which challenges college students to make their campuses more sustainable. The Eco-Challenge is an extension of Brita’s FilterForGood program aimed at reducing bottled water waste.

Earlier this month, Sheila Wellington, NYU Stern Professor of Management and Organizations and advocate on behalf of women in business, joined a group of 50 CEOs and government leaders invited by President Obama to discuss the importance of flexible arrangements in today’s workplace.

At NYU Stern in April, CEO and President of China Merchants Bank Dr. Weihua Ma addressed students, professors and the press about the globalization of the Chinese banking industry and his bank’s vision for success in the global markets.

"Since the financial crisis, the number of class-action lawsuits against financial firms has spiked dramatically and SEC settlements with companies and managers are on the rise," says NYU Stern Professor of Accounting and Finance Baruch Lev.

Z-Score creator and the world’s leading bankruptcy and distressed debt expert NYU Stern Professor Edward I. Altman has co-developed the Z-MetricsTM credit analysis tool to enable investors and lenders to more accurately estimate company credit ratings and default risk probabilities.

The seventh annual conference organized by the Citi Leadership & Ethics Program and NYU Stern’s Business and Society Program Area, with generous support from the Citi Foundation, brought together academics, practitioners, and selected students to explore market-based solutions to some of the world's most intractable social problems.

On March 4th, the Social Enterprise Association in partnership with the Luxury & Retail Club threw a wildly successful 6th Annual Think Social, Drink Local at the Angel Orensanz House for Contemporary Art.

Former Treasury Secretary Henry Paulson was interviewed by Morgan Stanley Chairman John Mack before an audience of hundreds of NYU Stern, Law School and Wagner Graduate School of Public Service students and alumni on March 3 at the Stern School of Business. CNN Money taped the event and broadcast it intermittently the following day.

Morgan Stanley Chairman John Mack was on campus March 2 to address leadership development with NYU Stern MBA students in an intimate classroom setting. Interviewed by Stern Professor Diana Mayer, who teaches the MBA elective course Authentic Leadership Development, Mack spoke about the lessons he learned from leading on Wall Street, day to day and in times of crisis.

Naomi Klein, author of Shock Doctrine, and NYU Stern Dean Peter Henry spoke to undergraduate students in the course, “Business and Its Publics,” a part of the Social Impact Core requirement for all Stern freshmen, about big picture issues in today’s global markets.

As part of NYU Stern’s Berkley Center Himelberg Speaker Series, David Rose, an Inc. 500 CEO and serial entrepreneur, shared his experience with students and alumni on early-stage financing for startups.

New York University Stern School of Business today announced that Nobel Laureate A. Michael Spence will join the faculty of NYU Stern as Professor of Economics, effective September 1, 2010. Spence is a Senior Fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University.

“When push comes to shove, both men and women are guilty of using their gender to be successful,” says NYU Stern Professor of Marketing Priya Raghubir.

Deutsche Bank and New York University Stern School of Business today announced a multi-year academic partnership designed to support and expand education and research related to risk management and financial regulation. The Volatility Institute at NYU Stern, directed by Nobel Laureate Robert Engle, will coordinate the program.

“What you ask of someone and how you ask it can have a big impact on performance,” says NYU Stern Marketing Professor Adam Alter. “What you ask of someone and how you ask it can have a big impact on performance”

On February 12, 2010, Stern Nobel Laureate Robert Engle testified before the US Senate Committee on Banking, Housing and Urban Affairs during a hearing on “Equipping Financial Regulators with the Tools Necessary to Monitor Systemic Risk.” Professor Engle shared several key findings from a report that he co-authored for the National Research Council on the regulation of systemic risk.

As part of NYU Stern’s CEO Series, Thomson Reuters CEO Tom Glocer was interviewed in February before NYU Stern students and alumni by Pulitzer-Prize-winning reporter Stephen Adler, senior vice president and editorial director of the Professional division of Thomson Reuters.

NYU Stern Professor Vasant Dhar, an expert in the strategic implications of information technology, warns that the publishing industry will be the next “carcass” if it doesn’t embrace a new business model, and he proposes what this new model should look like.

Analyzing 10 different types of credit behavior, NYU Stern Professor Xavier Gabaix, with colleagues Sumit Agarwal at the Federal Reserve Bank of Chicago, John Driscoll at the Federal Reserve Board and David Laibson at Harvard University, conclude that the least costly financial decisions occur around age 53.

Watch a video about the 18th Annual Stern Women in Business Conference, held on February 5, 2010.

View an audio slideshow of this roundtable hosted by the Vincent C. Ross Institute of Accounting Research.

Edward Altman, Max L. Heine Professor of Finance, presented new research forecasting a 4.27-6.7 percent default rate in 2010 at the first annual private equity conference hosted by NYU Stern Salomon Center and Alvarez & Marsal.