Experience Stern | News & Events

Excerpt from Financial News -- "The study, Evasive Shareholder Meetings by Yuanzhi Li of Temple University and David Yermack of New York University, was published recently by the US National Bureau of Economic Research. It investigated the relationship between where and when US companies held their AGMs in the five years to the end of 2010, and the trends in their share prices in the six months after the meeting. When companies held meetings 1,000 miles away from their headquarters, the average cumulative stock returns over the next six month were -3.7%. For companies that held their AGMs at least 50 miles from their headquarters and 50 miles from a major airport, the average abnormal stock performance over the six month was -6.8%."

Excerpt from Financial Times -- "When Laura Fox decided to go to business school, she chose NYU Stern for one reason: its urbanisation programme. 'Given the scale of urbanisation in the next 40 years, if we don’t get it right now, we are in real trouble,' she says. As she approaches the end of her first year, she is part of a team of three MBA students who are working with academics in the Marron Institute at NYU to help policy makers in Mexico City develop a more liveable city. 'This project is really different,' she says, 'because we are building a business-focused proposal for a policy group.'"

Excerpt from Financial Times -- "But there is a more fundamental point, says Prof Romer: should urbanisation be restricted or actively encouraged? He is clear: 'I decided to start working on urbanisation because in developing economies I concluded that the effect of urbanisation was the fastest way for their economies to grow.'"

Excerpt from Yahoo! Finance -- "In the second stage of the research, New York University’s Dr Adam Alter studied 500 first and last names of US lawyers. He found that those with the most pronounceable names were promoted faster than their unusually named counterparts, even though they had comparable skills and experience."

Excerpt from Fashionista -- "'We have seen a great decline in brand presence on Tumblr, which is a negative forward looking indicator for the platform,' Scott Galloway, founder of digital luxury consultancy L2, says."

Excerpt from Harvard Business Review -- "There’s more to progress than technological innovation. Breakthroughs can also result from innovations in management. Past work by another economist, Paul Romer, helps make the point. He explains that the history of progress is a history of two types of innovation: Inventions of new technologies, and introductions of new laws and social norms. We can make new tools, and we can make new rules. The two don’t always march in lockstep. In a period of time where one type of innovation flags, the other type can sometimes forge ahead."

Excerpt from CNBC -- "It is now more than five years since Fannie Mae and Freddie Mac were ignominiously put into conservatorships and became wards of the U.S. government — at a cost of $188 billion. They have continued to function during these five-plus years, and have even become profitable again. But it is long past time to give them a decent burial — and also to make sure that clones don't spring up to replace them."

Excerpt from Poets & Quants -- "More than anything I’m grateful for the amount of resources that the Entrepreneurs Challenge—and NYU—afforded us. Everything imaginable that you need to get your business going—a framework, mentors, continual feedback—they gave us. I can’t say enough about the coaches, mentors, judges, and all the people we were introduced to throughout the process. As first-time entrepreneurs, they were incredibly helpful and always willing to share their time. So even if we would have lost, it still would’ve all been worth it."

Excerpt from TIME -- "Here’s why there is good reason to be confident that China will do well over the next year or so: The leadership under Xi Jinping has actually engaged in transformational economic reform without the specter of urgent crisis. Leaders rarely undertake difficult projects when circumstances don’t absolutely force their hand (and even then, those responses begin to recede along with the threat itself). That’s what we saw with the Eurozone sovereign debt crisis, and with financial reform in the U.S."

Excerpt from BedTimes Magazine -- “'Any organization that’s only embracing incremental change is in a dangerous position,' said Williams. 'That path is getting narrower and narrower, until at the end, the customer has forsaken you for someone else that you didn’t even see coming.'”

Excerpt from Fortune -- "Roubini said the European Union and the Euro were looking a lot stronger than a year ago. He also said 'Abenomics' appears to be working in Japan, and the risk of a recession has receded there. But the biggest improvement, Roubini thought, is taking place in the U.S. The deficit has shrunk and Washington appears to have called a truce."

Excerpt from Idealist.org -- "NYU’s Stern School of Business, in partnership with its Social Enterprise Association MBA club, established the school’s Loan Assistance Program. The program seeks to reduce the financial burden of repaying business school loans for MBA graduates who pursue nonprofit, government, or social enterprise career paths. ... A Loan Assistance Program helps enable students to think early—and seriously—about pursuing career paths that support positive change."

Excerpt from The New York Times -- "Even as the case continues, Arun Sundararajan, a professor at New York University’s Stern School of Business, said he would like to see Airbnb and lawmakers find a way to come up with [a] new set of guidelines that distinguish between occasional users of the service and those who are doing it on a much larger scale with multiple apartments. 'We need a new regulatory framework that is reasonable and inclusive of providing this new form of short-term accommodation commercially,' he said."

Excerpt from Reuters -- "If the United States' primary goal has been to keep violence in Ukraine and tensions between outside powers to a minimum, it has made a series of significant missteps. The United States failed to offer real economic support to the Ukrainian government before events reached a crescendo."

Excerpt from The Huffington Post -- "In The Righteous Mind: Why Good People Are Divided by Politics and Religion, Haidt explains, 'Intuitions come first, strategic reasoning second.'"

Excerpt from TopMBA -- "The MBA admissions committee has seen strengths in your application, but there may be ways to improve your candidacy. We are looking for people who have the personal initiative to improve themselves. We provide detailed information about what we evaluate and why on our website. We are looking for the kind of person who can take that information, do a self-assessment and take appropriate action."

Excerpt from US News -- "'The GDP – its bottom-line, short-term estimates are incredibly noisy, and for that reason, people tend to see the GDP recovers more quickly than employment, so that hasn’t served so well,' Backus says."

Excerpt from Admit1MBA -- "We recognize that our New York City location is attractive to many applicants, and we offer many opportunities for applicants to visit us and engage with our community – from our fall class visit program, to our new Future of Business series with faculty to special interview days in the winter and spring. Through our personal and thorough admissions process, which includes an interview for all admitted applicants, we assess an applicant’s fit with our program."

Excerpt from The Economist -- "Pankaj Ghemawat, of Spain’s IESE and NYU’s Stern business schools, calculates that only 12% of the world’s Fortune Global 500—the largest corporations by revenue—are led by a CEO who hails from a country other than the one in which the company is headquartered."

Excerpt from Fox Business -- "I think it's actually a perfect fit. I see complete synergy between the brands because, when you think about it, the actual guy who designed the headphones used to be the head of design at Apple... People have to stop thinking about Apple as a technology company now and start thinking of them as a fashion and a lifestyle brand... They're also the disruptors... they wouldn't go and acquire someone who's just copied them. And if you look at what Beats did, they're the complete opposite to Apple. So Apple's coming out with these little light headphones, they came out with these big heavy bass headphones. Apple was coming out with something very subtle you hardly see, they were coming out with something very obvious."

Excerpt from The New York Times -- "Professors were more responsive to white male students than to female, black, Hispanic, Indian or Chinese students in almost every discipline and across all types of universities. We found the most severe bias in disciplines paying higher faculty salaries and at private universities."

Excerpt from Harvard Business Review -- “'Retailers are all using scanner data to track what happened at the point of sale,' says Sam Hui, an associate professor of marketing at NYU’s Stern School of Business. 'But they have no idea what’s really happening at a point-of-purchase decision.'”

Excerpt from CNNMoney -- "'Quits going up is a sign that people have more confidence in their ability to find another job,' says Tom Cooley, an economics professor at New York University's Stern School of Business. However, Cooley adds that this report's relatively small change in people quitting their jobs is fairly insignificant because tiny fluctuations are often within the margins of error."

Excerpt from The New York Times -- "'To position it as a status symbol, as something you buy to impress other people, doesn’t make sense,' [Meyvis] said. 'Other people don’t see it. You don’t talk about it. It makes more sense for mattress advertising to take a functional approach that provides a solution to a problem,' as the ComforPedic iQ campaign does, he said."

Excerpt from Quartz -- "During the period of growing disparity of incomes and wealth described by Piketty, this differential between financial sector wages has increased by a staggering amount. Thomas Philippon and Ariell Reshef, find that, 'that rents accounted for 30% to 50% of the wage differential between the financial sector and the rest of the private sector.'”