Experience Stern | News & Events

On Friday, October 26, NYU Stern's Luxury and Retail club will host J. Crew CEO Millard (Mickey) Drexler, the man who transformed the world of retail at the helm of some of the most iconic American fashion brands.

Jes Staley, CEO of J.P. Morgan Investment Bank, and other industry leaders will discuss topics including challenges facing the industry, the relationship between policy and the capital markets, and how to build a career in financial services.

Excerpt from Financial Times -- "...the west seems to be paying too little attention to what has been going on in the Indian economy. Growth has slowed significantly. The fiscal deficit is sizeable. Internal political conflicts are increasing. India has all but stopped climbing the World Bank’s rankings of countries by ease of doing business – despite being far down the list to begin with."

Excerpt from New York Daily News -- "The Indian American Kerala Cultural and Civic Center will honour the five Indian American Malayalees for their outstanding achievements in their field of specialization or for their service to the society. ...The keynote speaker on the occasion will be Geeta Menon, dean, Undergraduate College and Abraham Krasnoff professor of Global Business, Stern School of Business, New York University. Menon will also be honoured for her achievement in the field of education."

Excerpt from ABC News -- “They work all day and attend class at night, but 25 students, alumni and friends of NYU Stern Westchester still found the time to volunteer for Westchester’s Annual Making Strides Against Breast Cancer Walk, held Sunday, October 21 at SUNY Purchase College.”

Sharon L. Allen, former chairman of the board of Deloitte LLP (2003-2011) sat down with Thomas Pugel, vice dean for MBA and executive programs and professor of economics and global business, and more than 100 MBA students in NYU Stern’s Leadership Luncheon Series. Coordinated by the School’s Leadership Development Team, the event series gives students an opportunity to hear from senior executives in industry on the challenges and lessons learned of being a leader.

Excerpt from Marketplace -- "Lawrence White is an economist at the NYU Stern School of Business. He says the financial crisis showed us 'just how fragile our financial system had become and how systemic roughly a dozen very large financial institutions had become.'"

Excerpt from The Huffington Post -- "Recent research in behavioral economics may help shed some light on why robust sanctions have not yet produced nuclear concessions from the regime. ... there is a widespread international norm against nuclear weapons acquisition, and Iran may well view economic punishment as a 'fee' for its nuclear pursuits."

Excerpt from Poets and Quants -- "When Professor Aswath Damodaran sets out to teach a class or give a lecture, his goal is to convert each student into a born again finance enthusiast. Damodaran’s passion for teaching finance has garnered him high marks for teaching excellence. In 1988 and 1990 he was presented with Stern’s Excellence in Teaching Award and NYU’s Distinguished Teaching Award, respectively. The impression he has left on MBA students over the years is demonstrated by his repeated rank as the leading vote-getter for Professor of the Year, an award he has received five times during his career at Stern."

Excerpt from Poets and Quants -- "'The combination of Professor Galloway’s background in brand strategy and entrepreneurship, and his unique teaching style, makes his classes among the most popular marketing courses at Stern. I consider him a mentor, a guide and an amazingly bright person I wish to become one day.' – Asel Moldakhmetova - Stern 2012"

Excerpt from Fox Business -- "Geithner’s 'lack of any experience whatsoever in the private sector is just a huge handicap,' said Yermack. 'Despite his political connections, he seems pretty unqualified to run a big bank.' Yermack also said Geithner’s relationships with other government officials could raise questions about how Citi would be regulated going forward, preoccupying the board and Geithner himself."

Excerpt from WIRED -- "...today’s internet is not just for sharing information and commerce and things: It’s now the internet for sharing and accessing real-world services. We may call it the “sharing” economy (its philosophical roots are in peer-to-peer), but the services in it aren’t free or reciprocal – these are real markets in which you pay for what you get. However, this doesn’t mean we need to regulate it with the structures and rules of the real world. It’s a mistake to assume that just because technology provides “new leverage for old behaviors” that we need old ways of regulating new things."

Excerpt from Fox Business -- "'It was chaos. People who were in the markets were shell-shocked,' said Richard Sylla, an economics professor and financial historian at NYU. 'If you were lucky enough to get through on the phone to your broker, you didn’t really know what happened. Your order was behinds hundreds and thousands of other transactions.'"

Excerpt from The New York Times -- "The global financial crisis destroyed reputations as effectively as it destroyed wealth. Alan Greenspan, Robert E. Rubin, Sanford I. Weill, Richard S. Fuld Jr., James E. Cayne — the list of the humbled is almost endless, while the number of heroes is minuscule. One man, however, bucked the trend and almost alone emerged from the crisis even more revered and admired than he had been already. And now, with the arrival of 'Volcker: The Triumph of Persistence,' Paul A. Volcker has finally been awarded a meticulous historical account of exactly how he reached his exalted position."

Excerpt from R&D Magazine -- "They calculated that 10 extra installations in a zip code increase the probability of an adoption by 7.8%. If there is a 10% increase in the total number of people with solar panels in a zip code—the 'installed base'—there will be a 54% increase in the adoption of solar panels. 'These results provide clear evidence of a statistically and economically significant effect,' says Bryan Bollinger, the other co-author and assistant professor of marketing at New York University Stern School of Business."

Prof. Richard Sylla Rings NYSE Closing Bell with others from Museum of American Finance

"This year’s Stern Investment Management and Research (SIMR) Conference is themed, “A Rising Tide Lifts All Boats. Where to Invest in an Increasingly Correlated World.” Confirmed speakers include Edward Kerschner, CFA; David M. Siegel, co-founder of Two Sigma Investments; Kian Ghazi, founder, managing partner and portfolio manager of Hawkshaw Capital Management; and Shelley Greenhaus, principal at Whippoorwill Associates."

Excerpt from Quartz -- "A significant portion of China’s estimated $1 to 2 trillion of foreign investment will likely enter the US and other developed nations in the next decade. Now is the moment to think seriously about creating a multilateral framework for foreign direct investment."

Excerpt from Financial News -- "Evidently O’Neill, a former Marine and respected career banker who successfully turned around a distressed Bank of Hawaii, had become impatient after serving on the Citigroup board for three years and was ready to force some real changes. His election as chairman of the board, replacing Richard Parsons, last April finally signified the end of the Sandy Weill era at Citigroup."

Edward Altman, the Max L. Heine Professor of Finance at NYU Stern and an esteemed bankruptcy scholar for nearly five decades testified at the Loan Syndications & Trading Association conference in New York City for the American Bankruptcy Institute’s Hearings on Reform of the Bankruptcy Code.

Excerpt from Reuters -- "Roy Smith, a professor at New York University Leonard N. Stern School of Business, said the existing securities and commodities laws provide legal standards for prosecuting executives who provide false and misleading information. The challenge is showing the executive’s intent, he said."

Excerpt from CBS News -- "I felt a responsibility to my students to explain who Paul Volcker was and why every central banker since is in his debt."

Excerpt from The New York Times -- "In short, the economist’s cost-benefit approach — itself long an important arrow in the moral philosopher’s quiver — has much to say about the effects of rising inequality. We need not reach agreement on all philosophical principles of fairness to recognize that it has imposed considerable harm across the income scale without generating significant offsetting benefits."

Excerpt from Forbes -- "While most NYU students probably set out to enjoy the lovely October sunshine this past weekend, a select few with particular drive gathered at the Stern School of Business to partake in the Lean Startup Machine, the most intensive workshop arranged by the Berkley Center so far this fall."

NYU Stern alumni and students filled Paulson Auditorium on October 15 to hear Professor William Silber discuss his newly published biography of Paul Volcker, “Volcker: The Triumph of Persistence.”