Experience Stern | News & Events

Excerpt from Poets & Quants -- "While the Big Apple may be the perfect starting point for a finance career, Scheer credits something altogether different for his decision to enroll at Stern. 'It was the passion, warmth, and propensity for mentorship displayed by the Stern Military Veterans Club that made the choice easy,' he writes."

Excerpt from The New York Times -- "...when employers want to know how good a worker is, they have several alternatives to considering salary history, many of them more revealing. They can, for example, interview the candidate, read letters of recommendation, and talk to former employers and co-workers. In a recent study, the economists John Horton of New York University and Moshe Barach of Georgetown University conducted an experiment on a prominent online freelancing platform and found that employers responded in precisely this way."

Excerpt from The New Yorker -- "In 'Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World,' Melissa Schilling gathers eight titans of STEM—among them Albert Einstein, Steve Jobs, Nikola Tesla, and Benjamin Franklin—and finds that they share a handful of key traits."

Excerpt from MoneyControl -- "Is there any good ideological reason for holding on to nationalised banks? My personal opinion again, probably not. I think one of the things that a nationalised bank has is this implicit safety net that the government is going to bail us out anyway. So somewhere I read recently that of the USD 200 billion of impaired loans in the system is something like a 180 billion are in various public sector banks which makes the recent recapitalisation of USD 32 billion seem like if not a drop in the ocean, at least - inadequate."

Excerpt from Mother Jones -- "The credibility boost was similarly strong when subjects were told the ads were not vetted by regulators—which is true. 'We made explicit to half of participants (and repeatedly reminded them) that the Federal Election Commission had not evaluated the content,' Critcher and Jung write. Even subjects who acknowledged that the Stand By Your Ad tagline did not reflect an ad’s truthfulness were significantly influenced, according to the paper."

Excerpt from China Daily -- "'Many Chinese consumers have a lot of disposable income and during the New Year there are a lot of parties involving family and friends. It’s not surprising that companies would be interested in trying to get people to buy during a season when they are predisposed to buy,' Russell Winer, professor at the Stern School of Business at New York University, said in an interview."

Excerpt from the CPA Journal -- "What is possible to do is to assess the usefulness of items in the financial report. And the key item is, of course, the bottom line. I did so recently in an article published in Financial Analysts Journal. Basically, what my coauthor Feng Gu and I said was: if earnings indeed reflect value creation by companies, then investing in companies with good earnings should yield very high returns."

Excerpt from IndiaSpend -- "As flows of trade and people fell the world over since the 2008 global financial crash, India dropped 16 spots to 78 from 62 among 140 countries in 11 years to 2015 on a globalisation index brought out by international logistics company DHL. The Global Connectedness Index 2016, the fourth since it was first released in 2011, prepared by Pankaj Ghemawat and Steven A. Altman (both teach management at New York University Stern School of Business, US), was released on November 15, 2016."

Excerpt from The Wall Street Journal -- "'A relatively small share of borrowers accounts for the majority of outstanding student-loan dollars, so the outcomes of this small group of individuals has outsized implications for the loan system and for taxpayers,' the authors say."

Excerpt from WIRED -- "'The platforms are walking a fine line: Clearly they each want as much time as possible from the drivers, but they also don’t want to step over the line where there’s any indication that this is anything other than an independent contracting relationship,' says Arun Sundararajan, a professor of business at New York University and author of The Sharing Economy. 'There’s also potentially a danger in blocking the app, because both Uber and Lyft have market power now. This is an app in an adjacent space, and it could attract antitrust attention if they blocked it.'"

Excerpt from Digital Trends -- "'In my opinion, I think these efforts are not going to work out because internet service is considered an interstate service. This is regulated by the FCC,' said Nick Economides of the NYU Stern Business School, who specializes in electronic commerce and public policy and is pro-net neutrality. 'I don’t think the states have jurisdiction. They can try, and then some court is going to say they don’t have jurisdiction.'"

Excerpt from Bloomberg -- "'His general view would be, yes, these markets sometimes have sinking spells, there are people who are too enthusiastic or too pessimistic,' Sylla said. 'But most of the time, the markets do a great job of allocating capital.'"

On Feb. 15, the NYU Stern Center for Sustainable Business and GlobeScan co-hosted a panel discussion entitled, “Corporate Sustainability Leadership: Past, Present and Future Trends”.

Excerpt from MSNBC -- "I actually think the people that work for these firms are decent people. I know a lot of them. I just think a healthy part of the economic cycle is when a few firms aggregate too much power that the market needs to be oxygenated and they need to be broken up."

Excerpt from CT Post -- "Just as it is critical for companies to be able to get out of their comfort zone in order to successfully shift ahead, it is also critical for companies to maintain their authenticity. Martin Crane is who he is -- a straight-talking, retired police detective who just happens to move in with his pompous, smarty-pants son."

Excerpt from BusinessBecause -- "Citing preeminent nearby firms such as Union Square Ventures, IBM Blockchain Garage, the Digital Currency Group, [Yermack] adds that 'the main financial markets of the world and many of the important regulators are also in New York. It would be inexcusable for us not to tap into all the expertise and innovation that is occurring on our doorstep.'"

Excerpt from Fox Business -- "Well I think it's going to be a mixture of they will invest it in new products. They've got a strong tradition of developing new products that delight customers. They will be giving bonuses to a number of their employees and over the longer run it may well trickle into larger dividends but for the moment I think it's investing in the business and in their employees, both are terrifically important. I want to add one thing to what just got said about the tax cut, yes it was overdue but we missed an important opportunity to simplify the tax code to get rid of loopholes, there was precious little reform, way too much cut..."
 

Excerpt from BNN -- "One of the things that was also interesting about this group of people is that, first of all, most of them had far less formal education than you would expect for the fields they contributed to. And all of them resisted, in some way, the structure of formal education, but that doesn't mean that education wasn't important to them. What happened was that they consumed education on their own terms. So a lot of them were autodidacts, or self taught, and they read like crazy, and that enabled them to go as deep into a topic or as far abroad topics as they wanted, which turns out to be incredibly important because the curriculum that we might have in school or the pedagogical tools that we are using might be great for some students and might be a shackle for other students."

Excerpt from The New York Times -- "According to an analysis by Germán Gutiérrez and Thomas Philippon of New York University, the ratio of the market value of American corporations to the replacement value of their capital stock has roughly tripled since the 1970s."

NYU Stern undergraduate and graduate students, as well as Stern alumni from the classes of 2015, 2016, and 2017, are invited to attend the Stern Venture Fellows Kick-Off & Info Session to learn more about the program and how to apply.

NYU Stern Leadership Development hosted its first “Leadership in Crisis” simulation for MBA students. Designed to prepare students for managing real-world crises, the full-day event was made possible with support from Alvarez & Marsal, co-founded by Tony Alvarez (MBA ‘76), who serves as the firm’s CEO and is a member of NYU Stern’s Board of Overseers.

Excerpt from the Financial Times -- "In the late 1980s, a couple of finance academics, Menachem Brenner and Dan Galai, introduced the idea of an index that would effectively measure market expectations of how much the stock market might or might not wiggle around — and allow people to hedge against that change."

Excerpt from The Economist -- "The 'biggest bubble in human history comes down crashing,' tweeted Nouriel Roubini, an economist, gleefully."

Excerpt from Luxury Daily --  "The most beneficial aspect of 3D printing is that it forces brands to rethink their production process. Therefore, I would strongly advise anyone who wants to incorporate 3D printing to first study their existing production methods. At which point does the new technology allow for additional creative freedom? That's an added benefit."

Excerpt from The New York Times -- "'There was some gentle ribbing from my colleagues when I began giving talks on Bitcoin,' said David Yermack, a business and law professor at New York University who offered one of the first for-credit courses on the topic back in 2014. 'But within a few months, I was being invited to Basel to talk with central bankers, and the joking from my colleagues stopped after that.'"