Experience Stern | News & Events

Excerpt from CityLab -- "'The truth of the matter is that this is not an industry that [WeWork] really created,' says Ari Ginsberg, professor of entrepreneurship and management at New York University’s Stern School of Business. 'A lot of the light that was on this industry was shown on them. When investors started questioning if is there’s a there there, they began to question whether they had a solid business model.'”

Excerpt from The Conversation -- "In September 2019, the 178-year-old global tour operator Thomas Cook “ceased trading with immediate effect.” The collateral damage associated with the liquidation was considerable: more than 20,000 employees without work, an estimated 600,000 travellers stranded around the world and repatriation and customer compensation costs north of 600 million British pounds, or almost $1 billion."

Excerpt from Fortune -- "'I study the psychology of how groups emerge and how you kind of see subgroups within the field ganging up on the common enemy,' said Barasch, NYU Stern professor. 'You kind of saw that,' she said of Tuesday’s debate and the dynamics with Warren."
 

Excerpt from Inside Philanthropy -- "New York University’s Stern School of Business announced that it received a $5 million gift from alumna Elizabeth Elting (MBA ’92), the single largest gift from a self-made woman in the school’s history. With her gift, Elting aims to champion the next generation of talented and entrepreneurial women affiliated with her alma mater."

Excerpt from Inside Sources -- "Conservatives and progressives alike often talk about closing tax loopholes to ensure a fairer, more just tax system. Sonenshine and Lawrence White, a professor of economics at New York University’s Leonard N. Stern School of Business who describes himself as 'markets-oriented,' approve of eliminating offshore tax havens and raising the corporate tax rate a little bit — not quite to 35 percent, but maybe around 25 percent, they said."

Excerpt from CNN Business -- "'Ted Sarandos has done a great job of seeing things before they happen,' Paul Hardart, director of NYU's Entertainment, Media and Technology Program and a former film industry executive, said in an interview with CNN Business. 'He made a strong statement, and a lot of other studios followed,' Hardart added. 'It shows the power of Netflix to set the agenda for Hollywood in a way that other studios didn't in the past. I give him a lot of credit for having conviction.'"

Excerpt from The Washington Post -- "'The leaders from the business schools of Yale, Columbia, Stanford, Duke and New York University and others want the Trump administration to remove the limits on visas granted to individual countries, reform the H-1B visa program to increase the chances that top skilled talent gains entry to the U.S., and even create a so-called “heartland visa” to encourage the flow of such skilled workers to parts of the U.S. 'that could most use the vitality of these talented individuals.'”

On Wednesday, October 16, NYU Stern's Center for Global Economy and Business will host a fireside chat with Banque de France Governor François Villeroy de Galhau.

Excerpt from Expert Investor -- "Edward Altman, a professor of finance at the Stern School of Business in New York, whose work contributed to Klein’s research, pointed to the importance of governance factors. 'The accuracy of our default risk models improves by about 20 to 25% when we add both governance and macro factors to the financial data of our credit models for small and medium sized firms,' he said."

Excerpt from The Hill -- “'The policies they’ve announced are an explicit invitation to politicians to spread falsehoods,' Paul Barrett, the deputy director of the New York University’s Stern Center for Business and Human Rights, told The Hill. 'And that is not something that we ought to applaud.'”
 

Excerpt from Retail Dive -- "But a takeover by a brand licensing company likely signals the end of the high-end, yet off-beat, creativity that Barneys was once known for, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business."

Excerpt from Poets & Quants -- "Things have looked pretty solid on the internship front for Stern MBA students over the last three summers. In that span, more than half of MBAs (50.6%) secured their interviews through school-facilitated interviews, while just under a quarter — 23.3% — got their summer gigs through on-campus postings. For the Class of 2019, 100% of students seeking internships secured them. In the Class of 2020, more than 86% found their summer internship directly through a Stern-supported activity."

Excerpt from Bloomberg -- "'For the U.K. in particular, the question is the status of its enormously influential and powerful financial system globally. It's possible for Brexit to deliver a short-term hit, and then the U.K. develops a rather important but somewhat different place in the global economy. I wouldn't necessarily be pessimistic about the longer-term, as opposed to the adjustment period.'"
 

On Tuesday, October 15, the Stern student clubs Social Impact & Sustainability Association and Net Impact will co-host an event featuring Stern alumni in leadership positions at PVH, Subway, and West Elm. Panelists will discuss the state of business and sustainability today, as well as what it means to be an intrapreneur, leading initiatives around environmental and social impact from within their organizations.

Excerpt from MarketWatch -- "The Upper Midwest and swing states are hit the hardest, Michael Waugh, a professor at New York University’s Stern School of Business, and the author of one of the new studies, told MarketWatch. 'These results suggest that Chinese retaliation is leading to concentrated welfare losses in the U.S.,' he wrote."

Excerpt from CNBC -- "'Both VCs and public market investors play what I call the pricing game. What VCs are pricing in, which is scaling up and not a great business model, is not what public market investors seem to be wanting at least for the moment.'"

Excerpt from Yahoo Finance -- "Further, Neuman points to a recently published research paper by academics Baruch Lev and Anup Srivastava, "Explaining the Demise of Value Investing," which further supports the assertion that the likelihood of a resurgence in value investing seems low."

Excerpt from Glossy -- “'The denim market has changed since the early 2000s. [True Religion’s] old consumers aren’t as relevant [to the brand], and all these new users have no idea who the brand is or perhaps what it stands for, because they’ve seen a fragmented, scattered effort over the last eight years. It’s really hard for a brand to make a new first impression,' said Allen Adamson, co-founder of brand consulting firm Metaforce and NYU Stern adjunct professor."

Excerpt from Barron's -- “'I think there is a general trend of exaggerating how well universities do,' says David Yermack, professor of finance at New York University Stern School of Business. 'Even the very top performers are lucky to do average, and as a group they do worse than average. They would all be better off if they just owned index funds.'”

Excerpt from 24 Horas -- “‘I think part of the reason that trust in traditional institutions is falling is because people are getting used to using a different source of trust in their everyday economic activities… I think it’s very important to note that although we are basing a lot of the collaborative economy on digital trust systems, these can not exist in isolation.’”

Excerpt from The New York Times -- "In recent research, the New York University economists Petra Moser and Shmuel San examined the economic effects of the national quota system of the 1920s. That was the last time the United States engaged in mass immigration restrictions based on ethnicity."

Excerpt from Find MBA -- "'Generationally, there seems to be more concern for these types of issues,' says NYU Stern School of Business professor Anthony Marciano, who is faculty advisor of the Michael Price Student Investment Fund (MPSIF). Indeed, 86 percent of millennials (20-somethings) say that sustainability is a priority for them in their investments, according to research by JPMorgan Private Bank."
 

Excerpt from Forbes -- “'No one will believe again that having an app for booking a conference makes you a tech company,' says Scott Galloway, a professor of marketing at NYU Stern School of Business and an outspoken WeWork critic. He adds, 'If the new co-CEOs come back with a harsh but feasible plan, they announce new capital from SoftBank, this could be a company where it's, I would call it, $5-to-$10 billion—if they execute perfectly.'”