Experience Stern | News & Events

Excerpt from the Financial Times -- "Prof Yermack at NYU Stern says blockchain technology 'is really changing every industry'. Describing its potential as 'probably as important as the introduction of double-entry bookkeeping', he says there is 'enormous student interest for this, for the jobs it offers'."

Excerpt from the Australian Financial Review -- "'Bitcoin is by consensus the most secure computer network ever developed,' says Professor David L. Yermack, chairman of the finance department at New York University's Stern School of Business. 'Many financial institutions have recognised that blockchains are potential conduits for many assets, including digital currency, shares of stock, real estate titles, and the like. Rather than constructing a blockchain from scratch, one might use an existing blockchain as the infrastructure upon which new markets can be layered.'"

Excerpt from Clear Admit -- "For the Class of 2017 we had almost 17 percent go into the tech industry. That’s up from 10 percent last year, which is a significant increase that we are thrilled to see. Amazon is now our very top employer, and IBM and Google tied for sixth. I think it’s also changed some of the curriculum here at Stern. We have added a Fintech MBA specialization, which employers are well aware of. It really helps us position our students, because they have such a terrific opportunity to learn here at Stern about business and how tech is impacting where the growth opportunities might be."

On November 27, the NYU Stern Office of Alumni Relations will host the next installment of the "Author Lecture Series" featuring Professors Joel Steckel and Allen Adamson. The two will discuss research and findings from their new book entitled Shift Ahead: How the Best Companies Stay Relevant in a Fast-Changing World. President Emeritus John Sexton will moderate the conversation. 

Excerpt from the Financial Times -- "Scott Galloway, a professor of marketing at New York University and the author of The Four, a book about Amazon, Apple, Facebook and Google, says the Honest Ads Act is simply 'window dressing' to make the Senate look like it is doing something. He points out that regulators have failed to shake up Facebook, which benefits from a large cash pile and earnings momentum that is unlikely to be lost any time soon."

Excerpt from CNNMoney -- "Businesses in hurricane-prone zones could also see their premiums go up, White warned. 'Insurance is all about the insurer’s perception of forward-looking risk,' said White. If a hurricane like Harvey makes insurers believe that Houston is more likely to be hit again, 'then for sure someone’s premiums are going to go up.'"

Excerpt from TopMBA -- "'Talk to alums from your MBA program, or partner with professors to try to find a project you can do over the break,' says Beth Briggs, assistant dean of Career Services at New York University Stern School of Business. 'Even short-term engagements can provide you with really good experiences, that you can add to your resume and talk about in future interviews.'"

Excerpt from The Washington Post -- "The SEC filed 62 enforcement actions against public companies and their subsidiaries in fiscal 2017, a 33 percent decline from the previous year, according to another study released earlier this month by the New York University Pollack Center for Law & Business and Cornerstone Research."

Excerpt from US News & World Report -- "'Even if they're not using credit card information, [imitating a popular app] makes the app a suitable publisher for viewing different kinds of display ads or banner ads,' explains Anindya Ghose, the Heinz Riehl chair professor of business at New York University's Leonard N. Stern School of Business."
 

Excerpt from the San Francisco Chronicle -- "'We’ve already got very well-developed curricula to prepare people for full-time jobs,' he said. 'But the science of education to transition to something other than being a full-time employee is more nascent. The true promise here is laying the foundation for a much broader audience for this kind of education.'"

Excerpt from NBC News -- "The study entitled 'Enhancing Transparency and Control When Drawing Data-Driven Inferences About Individuals,' is a joint research material by Daizhuo Chen from Columbia Business School, Northeastern University's Samuel Fraiberger, Robert Moakler and Foster Provost from Stern School of Business, New York University."

Excerpt from Bloomberg Businessweek -- "Radical transparency would clash with prevailing corporate instincts—and would have to be tempered by careful protection of user privacy—but it could open the industry to new ideas and win it new levels of trust."

Excerpt from MarketWatch -- "'Mobile devices have become a blessing in disguise for offline retailers,' said Ghose. Initially, they were used by bargain-hunting shoppers who ultimately spent their money on Amazon.com Inc. or some other site with a better price. 'Now the same mobile device is giving them an instrument to get location-based, context-based coupons,' said Ghose. 'It can prevent poaching by sending shoppers an offer that surprises [and] makes them happy.'"

Excerpt from CNBC -- "I certainly think that the role of the government here is going to be to step to the line but not cross it so to speak, to put enough pressure on the large platforms to come up with good effective ways of investing many more resources into their governance. Honestly, I don't think anybody has the right answer to how to prevent something like this from happening. It is clear Facebook has to do more, it is clear that Google has to do more...smart strategy at this point would be to put short term profitability on hold while you make sure that more aggressive government regulatory action doesn't affect you adversely in the long run."
 

Excerpt from the Financial Times -- "New York University’s Stern School of Business next year hopes to enroll 30 students with technology experience into a new Tech MBA. The programme will use a 12-month format, rather than the more common two-year model with a summer internship. Peter Henry, NYU Stern dean, says the one-year format is a better fit with technology employers such as CommonBond, because they rely less on internships to hire MBAs than employers such as banks."

Excerpt from The Washington Post -- "'They’ve enjoyed tremendous success, but it’s come at a significant cost,' said Arun Sundararajan, professor at New York University’s Stern School of Business. 'It’s important that they don’t lose sight of the fact that there’s important work to be done to justify their extremely high valuation and the tremendous amount of private venture capital they’ve raised pre IPO.'"

Excerpt from The Washington Post -- "'If someone is allowed to participate in luxury, not even own it, but to look at it, your heart opens up and your spirit is lifted,' Serdari says. When she lectures on luxury, she encourages executives to ask themselves: 'Can your company produce the next item that will be in the Met in 200 years?' Luxury is not merely something that’s expensive or something that bears a famous name. And it is not an indictment of a rigged economic system. It’s one of the things that makes the system worth fixing. Luxury products are those 'things that will speak of our civilization in 200 years,' Serdari says. 'Luxury is an expression of civilization at its best.'"

Excerpt from Fox News -- "The new battleground I believe is going to be the home. It is the only place that you don't have your phone attached to your hand and it's a place where you make a lot of purchase and media decisions, what you are going to watch and what you are going to buy. Who owns the home now? The buttery voice of Alexa."

Excerpt from Bloomberg -- ".. if you are a skeptic about the turbulence and populism and so on we see, you could look at the global economy and markets and say things are going well. We have a synchronized growth acceleration, pretty much globally, markets are at all-time highs, show low volatility, relatively little nervousness, reasonably calm reaction to the withdrawal of monetary stimulus, and so on. So it looks like we are in much better shape than we were ten years ago. So the question is, what disorder? And I think the answer has to do with the rising tide of political and social polarization, especially in the west..."

Excerpt from the Findlay Courier -- "...shopping in brick-and-mortar stores over Thanksgiving/Black Friday is still a big deal, said Jacob Jacoby, marketing professor at New York University. Stores will be offering deep discounts on some items to draw crowds, who will invariably buy additional goods."

Excerpt from Bloomberg -- "'Machine learning in finance is a tough slog,' says Vasant Dhar, a professor at New York University who’s run an AI-powered hedge fund for almost a decade. 'It’s easy to fool yourself about how these things work.'"

Excerpt from The New York Times -- "Janet Yellen, the Federal Reserve chairwoman, made a relaxed appearance at New York University on Tuesday night, answering questions about her life in economics and her time at the Fed one day after she announced plans to leave the central bank next year."

On November 21, NYU Stern’s “In Conversation with Lord Mervyn King” Series welcomed Janet Yellen, chair of the Board of Governors of the Federal Reserve System.

Excerpt from CNNMoney -- "Others argue GE should have sold GE Capital long before it got so big that it endangered the rest of the company. 'They were too proud. They couldn't let it go. By the time they spun off GE Capital, it was already damaged and nobody would give them a fair price,' Damodaran said."