Experience Stern | News & Events

Excerpt from WirtschaftsWoche -- (translated from German using Google Translate) "Radical representatives of the free market therefore fundamentally question whether patents actually promote innovation rather than inhibiting it - especially if they have long durations. In addition, it is primarily large companies that use patents to protect themselves from (new) competition. As a result, knowledge spreads less quickly. American economic historian Petra Moser has shown in a comparison of historical trade fair catalogs and patent statistics that countries without patent law, such as Switzerland and Denmark, produced proportionally more inventions at the end of the 19th century than states with patent protection."

Excerpt from CNBC -- "The New York University Stern School of Business professor told CNBC’s 'Fast Money' on Tuesday that he recommends potential cannabis investors 'stay out for the moment.' From his point of view, no pot stocks have “compelling enough stories” to make them worth buying at such high valuations."

On October 16, NYU Stern hosted the latest installment of the "In Conversation with Lord Mervyn King" series featuring Dr. Henry Kissinger, 56th United States secretary of state, former national security advisor and chairman, Kissinger Associates, Inc.

Excerpt from Chief Executive -- "...my hope is that just as schools, or, I think, universities have an absolute—even a fiduciary duty to focus on what they’re supposed to do, and not to let politics flood in. I’m hopeful that such a norm will spread through business, as well. It’ll certainly make the lives of leaders a lot easier."

Excerpt from The Washington Post -- "'The real story over the last year or year and a half seems to be the hotel industry waking up to the fact that Airbnb poses a much bigger threat to their business than they originally imagined,' said Arun Sundararajan, a business professor at New York University."

This course helps participants develop the mentality needed to become a champion of innovation and inspire an organizational culture that values and encourages new ideas.

Excerpt from The New York Post -- "'The program lacks integrity,' he told The Post. 'We’ve recommended that an independent third-party fund administrator be appointed to oversee the flow of the funds.'"

Excerpt from Financial Times -- "'Starting TRIUM was a very pragmatic solution,' Kroll says. 'I was mid-career at 36 and it afforded me the opportunity to continue to work while planning my next move.'"

Excerpt from The New York Times -- "In a 2018 paper, Julian Kozlowski of the Federal Reserve Bank of St. Louis, Laura Veldkamp of Columbia University and Venky Venkateswaran of New York University attribute some of the economic pain that occurred after the 2008 financial crisis to a change in beliefs that may still be playing a role 10 years later."

Excerpt from Vox -- "'The importance of a brand that engages with community is particularly important to the younger demographic that West Elm targets,' she says. 'One of the critical differentiators between West Elm and its competitors is that its position does not rely on price points (like Ikea), or design (like its sibling Williams-Sonoma), or only on customer service, but on engaging with a larger community.'"

Excerpt from Yahoo Finance -- "Damodaran told Yahoo Finance that he doesn’t think the smooth succession is because of Alibaba’s decision to adopt the partnership, 'it’s because they’re doing well. ...Dictatorships work smoothly if everything is going well. It’s only when things start to come apart that you realize the weakness of this process.'"

The Graduate Finance Association will host its 23rd annual conference, themed "Looking Ahead: Perspectives on the Evolving Financial Services Industry" on October 12, 2018.

Excerpt from Heleo -- "The new season of the Next Big Idea Club is just around the corner, when curators Malcolm Gladwell, Adam Grant, Susan Cain, and Daniel Pink choose the two books that will be read by the club’s thousands of members around the world. Before making the official announcement, the curators are sharing the six finalists under consideration."
 

Excerpt from BBC -- "...Ideas are very unique in the sense that when one person discovers an idea, everybody can use it. So the more people you have trying to discover things, the more ideas everybody is going to have and the faster the rate that they are going to accumulate. So what finally emerged was a connection between globalization, taking our economic connections and extending them throughout the whole world, a connection between globalization and faster growth."

Excerpt from Bloomberg -- (1:19) "I wanted to note that the Department of Justice doesn't have any problem with this vertical merger but it did have a problem with AT&T - Time Warner merger so i don't quite understand how it can be consistent to intervene in one vertical merger and not intervene in others..."

Excerpt from National Review -- "The problem, according to Lukianoff and Haidt, is that the university’s commitment to truth is steadily yielding to a commitment to social justice. When some assertion about the way the world works conflicts with the reigning political beliefs, Coddling shows, it is increasingly, dangerously common for the offending views to be censored or shouted down rather than refuted with better evidence and sturdier logic."

Excerpt from Find MBA -- "NYU Stern’s refreshed application process, which asks candidates for contact details of referees, was introduced, in part, to ensure that prospective students are not writing their own letters. Isser Gallogly, the school’s associate dean of MBA admissions and program innovation, says there are new sophisticated detection methods that schools can use to spot fraud in an application. 'The bottom line is: the letter must be written entirely by the endorser,' he says. 'It simply isn’t worth taking the risk of writing your own.'"

Excerpt from Clear Admit -- "NYU Stern received hundreds of applications for the inaugural cohort (2018-19) of the Creative Destruction Lab in New York City (CDL-NYC). After an exhaustive review of founders from some of the world’s most prestigious research institutes, Stern selected just 27 ventures to take part—9 percent of all applications. Members of the inaugural Creative Destruction Lab have spearheaded disruptive innovation in the realms of artificial intelligence, robotics, material science, therapeutics, and medical devices."

Excerpt from Poets & Quants -- "'Stern has really led the way in these areas, introducing the International Studies Program course in 2001 and the Social Impact Core of courses in 2004. Both of these areas of study have become staples in undergraduate business education broadly, and they show no signs of waning any time soon,' Menon says."

Excerpt from Find MBA -- "NYU Stern’s refreshed application process, which asks candidates for contact details of referees, was introduced, in part, to ensure that prospective students are not writing their own letters. Isser Gallogly, the school’s associate dean of MBA admissions and program innovation, says there are new sophisticated detection methods that schools can use to spot fraud in an application. 'The bottom line is: the letter must be written entirely by the endorser,' he says. 'It simply isn’t worth taking the risk of writing your own.'"

This program will focus on methodologies and tools that help executives plan and implement change more effectively, rapidly and proactively.

Excerpt from The Cocktail Lovers Magazine -- "Luxury in its purest form is a good company with heritage and pure product that delivers quality -- that's the same in any industry. These true luxury companies are very much consumer or service experience driven and want to maintain very high quality product."
 

Excerpt from Axios -- "'It's a little standoff going on here between him and debt-holders trying to figure out who's gonna blink first,' said Herb Kleinberger, a professor at NYU's Stern School of Business."

Excerpt from the Financial Times -- "'Compensation in the old investment banking partnerships was based on low salaries with no guarantees, but a healthy bonus for individuals who were seen to be pulling their own weight,' he says."

Excerpt from the Financial Times -- "'Following the changes, buyers have much less incentive now to buy a larger, more expensive home,' says Professor Lawrence White, an economist at NYU."