School News

Recent MBA graduate Devna Shukla (MBA '19) shares why she chose to attend Stern and offers advice to prospective MBA applicants

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Excerpt for AACSB blog -- "For Devna, the secret to a successful MBA application is to be authentic. 'As long as you come in with a clear sense of what you want, you will be successful,' she says. 'Business school is a big investment for sure, so the best thing you can do is go somewhere you are comfortable and you feel you can shine.'"
School News

Incoming Chair of NYU Stern’s Board of Overseers and Alumnus Andre Koo Celebrates Students in the Andre Koo Technology and Entrepreneurship MBA Program

Andre J.L. Koo
On May 20, alumnus Andre J.L. Koo (MBA ’94), Chairman of Chailease Group and recently named Chair of NYU Stern’s Board of Overseers (effective July 1, 2019), celebrated both the inaugural Andre Koo Technology and Entrepreneurship MBA students from the graduating Class of 2019 with a dinner, as well as the program’s incoming Class of 2020 MBA students with a welcome reception.
School News

Research from the Center for Business and Human Rights on the apparel industry in Ethiopia is cited

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Excerpt for Apparel Resources -- "Remember the report released by New York University’s Stern Center for Business and Human Rights in May this year which underlined how factories in Ethiopia are making clothes for top global brands by paying their workers far less than counterparts in other low-paying countries."
School News

In a Q&A interview, Isser Gallogly, Associate Dean of MBA Admissions and Program Innovation, shares advice for prospective MBA applicants and highlights new programs

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Excerpt from Clear Admit -- “It’s been an exciting time here at Stern. In May, the inaugural cohorts from our two new focused one-year full-time MBA programs, the Andre Koo Technology and Entrepreneurship MBA and the Fashion & Luxury MBA, graduated. We welcomed the new cohorts of these one-year programs that same month.”
School News

Paul Barrett, deputy director of the Center for Business and Human Rights, is quoted in an article on Facebook's removal of fake accounts

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Excerpt from VICE -- "'It’d be much more helpful if Facebook would be much more clear of the principles they’re applying,' said Paul Barrett, a New York University law professor who’s studied domestic disinformation campaigns on social media. 'Their methods — whatever they are — of analysis and decision-making are surprisingly opaque.'"
Faculty News

Professor Paul Hardart discusses the growing market for advertisers in online sports streaming

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Excerpt from VEJA -- (translated from Portuguese using Google Translate) "'Major football, NFL and NBA championships have the facility to garner a loyal audience because people do not often dodge their ads. No one wants to watch the Super Bowl the next day,' explains Paul Hardart, a professor at the New York University Stern School of Business."
Faculty News

Professor Edward Altman offers insights on corporate bankruptcy

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Excerpt from The Wall Street Journal -- "'Given the exceptional increase in corporate debt at both the investment- and non-investment-grade ratings levels since just prior to the financial crisis in 2007,' said Edward Altman, a professor emeritus at New York University’s Stern School of Business, 'the impact on corporate defaults and bankruptcy filings could hit record levels coincident with the next economic downturn, possibly in 2020 or 2021.'"
Faculty News

Professor Amy Webb discusses her concerns and insights on emerging technologies

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Excerpt from NBC News -- "'Regulating technology typically doesn’t work, so as you go to the polls and as you elect new leaders, keep this in the back of your mind,' she said. 'It sounds like a good idea but in practice it doesn’t work and what’s best for all of us is we need to take a much more sophisticated approach --guard rails, not regulations.'"
Faculty News

Professor April Klein's joint research on reverse stock splits is spotlighted

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Excerpt from Barron's -- "Researchers from New York University’s Stern School of Business and Emory University found that in 1,600 reverse splits from 1962 to 2001, shares underperformed nonsplit peers by 15.6% in the first year after the split, 36% in the second, and 54% in the third."
Graduation

2019 Graduate Convocation

NYU Stern graduates
The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Friday, May 24, 2019 at the Hulu Theater at Madison Square Garden.
Faculty News

Professor Adam Brandenburger's co-authored book, "Co-Opetition," is referenced

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Excerpt from Forbes -- "Professors Adam Brandenburger and Barry Nalebuff, authors of Co-opetition, call for a new mindset rooted in cooperative game theory. In their view, firms are interdependent, and can work together to generate new value, increasing the pie."
Faculty News

Professor David Yermack explains why regulation will be a hurdle for Facebook's efforts to establish its own currency

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Excerpt from the Financial Times -- "'There is a huge opening for social media companies to move in and take a big part of the banking business,' said David Yermack, professor of finance and business transformation at the New York University Stern School of Business."
School News

In an op-ed, recent graduate Salma Bandoo (BS '19) outlines a proposal to make extracurricular activities accessible to students on the North Shore of Staten Island

Excerpt for Amsterdam News -- "My proposal to the North Shore district representatives, and to non-profit foundations on the island, is to create a program for young students that partners with the island’s CUNY College of Staten Island, which already has ample space and existing facilities, to make extracurriculars more accessible. I propose to create a program that focuses on one underperforming elementary and one intermediate school in either Mariners Harbor or Port Richmond and offers up to 100 voluntary spots for students to enroll into the program."
School News

Class of 2020 Cohorts of NYU Stern’s Focused MBA Programs, the Andre Koo Technology and Entrepreneurship MBA and the Fashion & Luxury MBA, Arrive on Campus

Students from the Andre Koo Technology and Entrepreneurship MBA Class of 2020 arrive on Stern’s campus in NYC for the Focused MB
On May 14 and 15, the Class of 2020 cohorts of NYU Stern’s two focused MBA programs, the Andre Koo Technology and Entrepreneurship MBA and the Fashion & Luxury MBA, arrived on campus for the Focused MBA Welcome, beginning their journey at Stern.
Faculty News

The Dunning-Kruger effect, joint research by Professor Justin Kruger, is featured

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Excerpt from US News & World Report -- "Cultural differences and power dynamics help explain why some workers lack awareness about their performance and professional image. So does the fact that 'people seldom receive negative feedback about their skills and abilities from others in everyday life,' according to Dunning and Kruger."
School News

Recent MBA graduate Lia Winograd (MBA ‘19) emphasizes the value of the network she developed at Stern for her career as an entrepreneur

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Excerpt from Poets & Quants -- "Prior to my MBA, I was a founder in New York City who could count the people upon whom I could reliably depend on with my own two hands. As I prepare to graduate, I not only know a huge range of founders, investors, and other really smart people, but I’ve already used those connections to further Pepper’s success."
Business and Policy Leader Events

Author Lecture Series: The Algebra of Happiness

Professor Scott Galloway, his new book, The Algebra of Happiness, and Stephanie Ruhle
On May 22, Professor Scott Galloway will discuss his new book, The Algebra of Happiness, with Stephanie Ruhle, MSNBC anchor and NBC News correspondent. 
Faculty News

In a live interview, Professor Arun Sundararajan shares his outlook on the changing employment landscape

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Excerpt from CGTN -- "I think the report underscores the fact that we are still training people for a world in which they're going to have a stable job and one occupation for their entire career and that a vast majority of their education is going to happen before they enter the workforce. But the reality of tomorrow's world of work is that people are going to have to switch occupations multiple times and they're going to have to continually reeducate themselves and most countries around the world are not prepared for this."
Faculty News

Professor Aswath Damodaran's research on equity risk premiums is cited

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Excerpt from The Wall Street Journal -- "But at 6.94%, Japan’s premium remains stubbornly above the U.S.’s 5.96%—with the gap little changed in six years—according to Aswath Damodaran, professor of finance at New York University’s Stern School of Business."
School News

Dean Raghu Sundaram and Professor and Vice Dean of MBA programs JP Eggers highlight how Stern's focused Andre Koo Tech MBA and Fashion & Luxury MBA programs are meeting the evolving needs of students and employers

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Excerpt from Poets & Quants -- "'What surprised us was that the very first [Andre Koo Tech and Entrepreneurship MBA] class had a better female ratio than our regular MBA and the second year numbers are even better: 20 women and 20 men. That we reached parity in tech is incredible to me.' - Dean Raghu Sundaram ... Job prospects are running slightly above expectations, says J.P. Eggers, vice dean for MBA programs. 'The biggest learning so far is on the tech sid in how interested the students are in small tech firms and being employee number five,' he says."
Faculty News

In a Q&A interview, Professor Robert Engle shares his outlook on the US-China trade negotiations

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Excerpt from La Tercera -- (translated from Spanish using Google Translate) "Although he does not have great expectations regarding what is going to be agreed upon, Robert Engle, winner of the Nobel Prize in Economics, anticipates a speedy resolution to the trade war, thanks to an agreement that will benefit both the government of the United States and China."
Faculty News

Professors Helio Fred Garcia and Irving Schenkler are quoted in an article on how Boeing handled its 737 Max crisis

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Excerpt from Business Insider -- "Helio Fred Garcia, a crisis management professor at New York University and Columbia University and president of crisis management firm Logos Consulting Group, told Business Insider: 'Trust didn't fall because two of its plane crashes. Trust fell because they were seen to be indifferent.' ... Professor Irv Schenkler, who teaches crisis communication at NYU's Stern School of Business, told Business Insider that Boeing took an 'operational problem" and made it "a reputational crisis — driven by poor messaging at the start of the events, creating concern and fear.'"
School News

Professor Navin Manglani shares tips for keeping personal information secure when booking travel

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Excerpt from Forbes -- "At the very least, travelers should make sure that the hotel’s confirmation email links to a secure site whose address begins with https, advises Navin Manglani, Professor of Technology at the NYU Stern School of Business. 'Also, if the website gets redirected from an https site to an http site, that might be a red flag to not continue viewing the information or not enter any additional information.'"