Experience Stern | News & Events

Excerpt from The Salt Lake Tribune -- "According to a 2019 study by New York University’s Stern Center for Business and Human Rights, monthly wages for garment makers can be as low as $182 in Cambodia, $95 in Bangladesh and Myanmar, and $26 in Ethiopia. Many well-known clothing brands — including H&M, Calvin Klein, Izod and Tommy Hilfiger — make their goods in such countries, the NYU study noted."

Today New York University Stern School of Business announced the establishment of a new Leadership Accelerator for its full-time MBA students.  Rooted in its six leadership core values, the initiative’s guiding philosophy is to immerse students in a sequence of experiential modules that trigger the need to act, and then reflect.

Excerpt from New Statesman America -- "The notion of 'deglobalisation' also exaggerates the reversal of recent years. Global economic integration may have stalled but an index published in December by the logistics firm DHL and the Stern Business School concluded: 'The world remains more connected than at almost any other point in history… with no signs of a broad reversal of globalisation so far.' Assessing figures for trade, investment and other cross-border activity, it found 'no broad retreat from corporate globalisation.'"

Excerpt from Economic Policy Journal -- "This, in effect, is what the new book, When the President Calls: Conversations with Economic Policymakers, is all about. The author of the book, NYU Stern economics professor Simon W. Bowmaker, spent the last seven years talking with thirty-five economic policymakers about their work in the White House. And this book reproduces those interviews."

Excerpt from the Financial Times -- "As infection concerns boost remote working, 'everybody in New York thinks they’ll sit at home and get takeout, but nobody who delivers takeout or Amazon parcels gets paid sick leave,' points out Alison Taylor, executive director of NYU Stern's Ethical Systems centre. An ethical business should extend such benefits to contract and gig economy workers, she argues: 'Do I think there’s a hope in hell they’ll do that? No way.'”

Excerpt from MarketPlace -- "These days we think nothing of getting into a stranger’s car or hiring someone to pick up a chicken at the grocery store. The gig economy has become enmeshed in our daily lives, said NYU business professor Arun Sundararajan. 'Something that people are realizing as they consider the prospect of a more widespread outbreak is the extent to which they rely on immediacy today,' he said. 'If you don’t have something, you press a button.'”

Excerpt from Adweek -- "According to Allen Adamson, founder of marketing firm Metaforce and adjunct professor at New York University’s Stern School of Business, such moderation makes sense. 'Mentioning the virus is like touching the third rail—no marketer should go near it,' Adamson said."

Excerpt from The Washington Post -- "Deregulation has already gone too far, and the coronavirus could pose unique challenges to the financial system that are still unclear, said Larry White, a professor at New York University Stern School of Business. As the virus spreads some people may not be able to work, shop and travel, he said, and 'that is a problem for businesses because at the end of the day they won’t be able to sell stuff.'”
 

Excerpt from Quartz -- “'Clearly the auditing methodology is flawed,' says Dorothée Baumann-Pauly, research director at the Center for Business and Human Rights at New York University’s Stern school. She describes it as a top-down system where companies check in on supplier factories in search of violations but often miss the systemic causes leading factories to skirt the rules in the first place."

Excerpt from The Wall Street Journal -- “'I don’t think the Centers for Disease Control and Prevention or anyone else has the ability yet to forecast the future evolution of the virus with much confidence,' said Stephen Ryan, an accounting professor at New York University."

Excerpt from The Washington Post -- "'Consumers’ irrational behavior will certainly do more damage than reality will,' said Allen Adamson, a consumer brand consultant who teaches at New York University’s Stern School of Business. 'People are emotionally driven and nervous, and nothing makes them more nervous than a threat they can’t see.'”

Excerpt from FindMBA -- "With such prospects, EQ is attractive to MBA admissions teams and corporate recruiters alike. 'Our alumni and corporate partners are constantly telling us that future leaders are those who can foster engaging and meaningful dialogue,' says Rabia Ahmed, executive director of MBA admissions for New York University’s Stern School of Business."

Excerpt from BusinessBecause -- "'My favorite thing about being a professor at NYU Stern is the opportunity to create change. The way people work, organize themselves, and even the way we think about the role of business education and the skills that future business leaders will need, seems to be in constant flux. Deciding how to respond to, and even forecast these changes, and then act on them is energizing. For instance, a top aim of our newly launched Leadership Accelerator at Stern is to develop our students’ psychological and behavioral agility so that they can respond to and drive change in their personal and professional lives.'"

Excerpt from Bloomberg -- "'If the Olympics get canceled it’s a good idea for Airbnb to think seriously about putting off their IPO' to next year, says New York University Professor Arun Sundararajan, an expert on IPOs. 'It’s not a good idea for them to go public when the pandemic is still underway; there’s too much uncertainty to realistically price the stock.'"

Excerpt from Politico -- "As social media becomes a “more pervasive part of day to day life,” said Paul Barrett of New York University’s Stern Center for Business and Human Rights, the potential damage caused by disinformation becomes greater. People consuming information on social media are less discriminating, he said, creating more opportunity for them to be misled, which fosters a dangerous cynicism.

Excerpt from The New York Times -- “'The Accord and Alliance were accidents of history facilitated by the scale of the Rana Plaza tragedy,' said Michael Posner, a professor of ethics and finance at New York University’s Stern School of Business. 'Because so many companies participated, they made unprecedented improvements to factory safety.'"
 

Excerpt from MarketScale -- "Voice of B2B Daniel Litwin was joined remotely in MarketScale’s Trinity Studio by Lawrence J. White, a t Professor of Economics at the NYU Stern School of Business, to discuss the continued impact of the potential merger between telecom giants Sprint and T-Mobile. White, who also appeared on Litwin’s legislative and policy show, Ratified, and his colleagues filed a working paper with the U.S. Department of Justice the reasons why it would be anticompetitive."

Excerpt from Nasdaq -- "If I had to recommend a single, must-read article for this week, it would be Aswath Damodaran’s A Viral Market Meltdown: Fear or Fundamentals?. As always, I admire the balanced and evidence-based work. As a Finance Professor and valuation expert, Prof. Damodaran does not exaggerate his credentials. While he takes note of the facts about the virus, he recognizes that his model for judging the effects will change with the evidence."

Excerpt from SwissQuote -- "'These examples are proof that even the biggest companies are not protected from the ire of the govern-ment,' said Irving Schenkler, manage-ment communication expert at the New York University Stern School of Business. 'These companies are in a minefield, because if they concede to the demands of an authoritarian government, they could damage their reputation in democratic countries.'"
 

Excerpt from The Atlantic -- "Solar-panel adoption, for example, is particularly contagious. After controlling for a variety of other potentially important causal factors, one study found contagion’s power in this domain to be substantial: Each new installation in a neighborhood can, over time, lead to several additional ones."

Excerpt from The New York Times -- "But in the last week, the rosy outlook that corporate profits would keep growing has been replaced by panic, said Richard Sylla, professor emeritus at New York University’s Stern School of Business, who has studied stock market shocks through history. 'There was complacency about the growth in stocks, and the virus was the trigger for a sell-off,' he said."

Excerpt from The Atlantic -- "Sylla’s view of all this as a financial historian is pretty zen. 'I wouldn’t pay much attention to the day-to-day reports of the newspapers—‘Here’s a good sign,’ ‘Here’s a bad sign,’ he said. In the short run, the stock market isn’t necessarily a good predictor of how bad the pandemic will get, in part because investors are working off the same scant information as everyone else. 'What I would say history shows you is that a problem like this takes many months and maybe even a couple of years to play itself out,' he said. But, he went on, 'Wall Street’s idea of history is the last 10 minutes.'”

On February 28, 2020, the NYU School of Law, the Stern School of Business and the Wagner Graduate School of Public Service will host the 10th annual Social Innovation Symposium at the NYU Kimmel Center.

Excerpt from The Economist -- "But these schemes do not always have the desired effects. Intellectual-property protections make it more difficult for others to make their own contributions by building on prior work. Barbara Biasi of Yale University and Petra Moser of New York University studied the effects of an American wartime policy that allowed domestic publishers to freely print copies of German-owned science books."

Excerpt from Grad Report -- "We ranked the top 25 schools by median salary one year after college for students who graduated with a Master's Degree in Accounting. New York University tops the list with a starting salary of $74,900."