School News

In a feature story on Stern's Fashion & Luxury MBA program, NYU Stern Fashion & Luxury Council member Nicolas Topiol, chief executive of Christian Lacroix, and MBA students Gina Dai and Christian Trautwein are quoted about the program's benefits; Professo

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Excerpt from Vogue Business -- "In addition to teaching a course on licensing, Topiol has advised his mentee about job interviews and her potential career trajectory. ... employers have shifted from relying on homegrown talent to requiring graduate expertise, says candidate Christian Trautwein. ... Gina Dai, who worked for two years in the consumer beauty finance division of Coty, says that she doesn’t think she would have been able to switch to the marketing role she’s now targeting without going to Stern and benefiting from the expertise of professors."
School News

In a podcast interview, Dean Raghu Sundaram discusses the different advantages of both one-year and two-year MBA programs

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Excerpt from BusinessBecause -- "If one is exploring prospects for switching careers, the two-year MBA offers you much greater flexibility in terms of exploring different career opportunities, doing an internship -- the internship is a crucial part of the two-year MBA -- and deciding what it is that you'd really like to do. The one-year MBA is more appropriate when you're clear about what area you want to go into and it's more optimized for people who are very specific about their career path."
Faculty News

Professor Pankaj Ghemawat, Senior Research Scholar Steven Altman and Associate Research Scholar Phillip Bastian's work on the DHL Global Connectedness Index is covered

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Excerpt from Gulf News -- "For all the talk about global supply chains, most international supply chains are actually regional — a pattern that is documented in the 2018 edition of the DHL Global Connectedness Index, developed by scholars at the NYU Stern and IESE business schools."
Faculty News

Professor Alixandra Barasch's research on how taking photos for social media impacts enjoyment of experiences is referenced

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Excerpt from Evening Standard -- "The research discovered that people composing shots to share suffered 'self-presentational concern' about 'how others perceive them', although they could feel pride or joy when the online likes began appearing."
Faculty News

Research on the impact of coupons on spending co-authored by Geeta Menon, Dean of the Undergraduate College, is featured

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Excerpt from Wirecutter -- "A study by researchers at the NYU Stern School of Business found that coupons for higher-priced items induce people to spend more money than they would otherwise. The study’s authors attribute the effect to 'reference-dependent gain,' where you think you’re getting a deal because you’re saving 5% on the cost of a nice meal, even if you wouldn’t have bought that meal otherwise. You might save $5 on a fancy $100 steak dinner, but you could have just spent $5 on ingredients to cook at home—and not spent that extra $95 at all."
Research Center Events

Online Advertising, Human Rights and the Rule of Law

Kaufman Management Center
On Wednesday, April 3, the NYU Stern Center for Business and Human Rights will host a discussion entitled, "Online Advertising, Human Rights and the Rule of Law." The conversation will consider the human rights implications of current online advertising practices, and how advertisers, internet platforms and advertising companies can be expected to address these risks.
Faculty News

Professor Edward Altman is interviewed about his views on the credit cycle

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Excerpt from ReachX Podcast -- "I believe we are still in a benign credit cycle, and we have been, actually, for over eight years—we're into the ninth year—which is the longest in the history of modern financial markets. Low default rates, high recovery rates if there are defaults, low interest rates and required rates of return for investors, and, finally, high liquidity. Those are the four metrics I look at. So, we're in a benign cycle, and we'll probably remain there for at least another year. My concerns are beyond that period, based on the enormous build up in debt, globally and particularly in the US markets."
Faculty News

Professor Michael Spence shares his outlook on China's economy

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Excerpt from China Daily -- "Michael Spence, a professor at New York University and a Nobel laureate in economics, said the Chinese economy will 'slow a bit' this year amid the slowing global economy and trade frictions. 'And I think the reforms, which have been announced, are serious reforms, ... helping get rid of at least a component of the trade frictions,' Spence said on March 23 at the University of International Business and Economics in Beijing."
School News

The Sustainable Share Index™, research by the Center for Sustainable Business and IRI, is spotlighted

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Excerpt from GreenBiz -- "Sustainable Share Index (NYU Stern's Center for Sustainable Business) finds that sustainability-marketed products delivered 50.1 percent of market growth in consumer packaged goods (CPG) from 2013 to 2018, while representing 16.6 percent of the CPG market in dollar sales in 2018 — up from 14.3 percent in 2013."
School News

SEC Commissioner Hester Peirce's remarks during a fireside chat with journalist Laura Shin, co-hosted by Stern’s Executive MBA program and the Blockchain Digital Asset Forum, are highlighted

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Excerpt from the Unchained podcast -- "...there’s no shame in saying, hey, you know, we’ve been around as a regulator since the 1930s. A few things have changed since then. We might want to, you know, just ask a few questions about whether the framework’s working the way it should, and if it’s not, let’s change it so that everyone’s better off and everyone has more freedom to make their own decisions and to do things that allow them to participate better in society, to contribute their talents and their resources to society."
School News

Journalist Laura Shin shares takeaways from her fireside chat with SEC Commissioner Hester Peirce, co-hosted by Stern’s Executive MBA program and the Blockchain Digital Asset Forum

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Excerpt from Forbes -- "She described the source of her seeming support or at least open attitude to the crypto industry, especially compared to the other SEC commissioners. 'I really identify with some of what’s driving people in this space, which is a desire to look at the world with fresh eyes and say, are there things we can do things better?' she said."
Press Releases

NYU Stern Appoints Alumnus Andre Koo as Chair of the School’s Board of Overseers

Andre Koo
New York University’s Stern School of Business today announced the appointment of alumnus Andre J.L. Koo (MBA '94), Chairman, Chailease Group, as Chair of the School’s Board of Overseers, effective July 1, 2019. Andre Koo is the first internationally-based business leader to serve in this position.
Research Center Events

A Conversation with Chuck Saia

Kaufman Management Center
On Tuesday, April 2, NYU Stern's Department of Accounting, Stern Accounting Society, Business Analytics Club and Beta Alpha Psi will welcome Chuck Saia, risk and financial advisory CEO of Deloitte, for a discussion on how to leverage innovation and technology to help clients embrace complexity and accelerate performance.
Research Center Events

Raghuram G. Rajan Discusses “The Third Pillar” in NYU Stern-BPI Gallatin Lecture Series on Banking

Raghuram G. Rajan speaks to an audience of students, faculty and practitioners
The NYU Stern Salomon Center for the Study of Financial Institutions and the Bank Policy Institute welcomed Raghuram G. Rajan, distinguished service professor of finance at the University of Chicago Booth School of Business, for the Gallatin Lecture Series on Banking on Tuesday, April 2.
Faculty News

In a live interview, Professor Scott Galloway shares his outlook on Lyft's IPO

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Excerpt from Bloomberg -- "I think you saw on Friday that the markets have entered into—or that Lyft's shareholders entered into—consensual hallucination with management that this company garners anything resembling this valuation."
Faculty News

Professor Jonathan Haidt's work on moral foundations is referenced

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Excerpt from NPR -- "There's a wonderful body of literature these days led by Jonathan Haidt who teaches at New York University about 'moral foundations.' What he finds is that everybody in society basically shares two moral foundations: We all care about compassion, and we all care about fairness. We don't define those things in the same way, but we care about those things."
Faculty News

Professor Russell Winer explains how technology is helping drive the growth of vegan businesses

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Excerpt from Channel News Asia -- "The dramatic increase in use of social media and digital media for conversations helps these small niche products where people are very passionate about whatever that product area is."
School News

Research on worker safety at factories in Bangladesh by the Center for Business and Human Rights is referenced

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Excerpt from The Guardian -- "Deaths in Bangladesh’s garment sector have fallen in the past five years since the accord was introduced from about 71 a year to 17, according to research from New York University’s Stern Centre."
School News

Senior Research Scholar Shlomo Angel's work on the Atlas of Urban Expansion is cited

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Excerpt from National Geographic -- "To track how metropolitan regions have developed, Shlomo Angel and his colleagues at New York University used historical maps and satellite imagery to create the Atlas of Urban Expansion. The atlas defines city parameters to include the entire built area beyond a city’s jurisdictional boundaries and into surrounding municipalities."
Research Center Events

Demystifying AI and Machine Learning: What You Need to Know

NYU flags outside of the Henry Kaufman Management Center
On Monday, April 1 NYU Stern's Fubon Center for Technology, Business and Innovation will host a talk on “Demystifying AI and Machine Learning” by Dr. Pedro Domingos, author of The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World
Faculty News

Professor Andrew Hinkes comments on the sale of an ICO business on eBay

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Excerpt from Cointelegraph -- "'Generally, a person can sell their property, including a business that they may own,' Hinkes told Cointelegraph. 'While eBay maintains a list of restricted goods that cannot be sold on its platform, it appears that there are specific areas on eBay's website designed for the sale of businesses; and Sponsy is listed on a page that appears to allow the sale of web pages and internet companies.'"
Faculty News

In a contributed article, Professor Anika Sharma examines the future of digital assistant devices

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Excerpt from Ad Age India -- "As our digital and non-worlds continue to blend, we will need to be conscious of designing for an inclusive world. This is extremely important from both, a business perspective as well as a consumer perspective. The discussion has only just begun."
Faculty News

Professor Arun Sundararajan underscores the importance of Lyft drivers' satisfaction for the brand's long-term success

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Excerpt from CNN -- "'The driver is the face of the brand,' he said. 'The entire experience is controlled by the person whose car you get into -- if they're projecting, "I'm underpaid and unhappy," that's not going to be a good experience.'"
Faculty News

In a contributed article, Professor Allen Adamson interviews marketing executives from the 2019 AMA New York Marketing Hall of Fame about their success secrets

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Excerpt from Forbes -- "The best marketers have not only figured out what it takes to stay relevant, they are motivated by the challenge. It was about this topic that I had the privilege of talking to Wendy Clark, CEO of DDB, Ann Lewnes, Executive Vice President and Chief Marketing Officer of Adobe, and Keith Weed, Chief Marketing and Communications Officer of Unilever, who will be inducted at an event on April 16 in New York into the 2019 AMA New York Marketing Hall of Fame."
Faculty News

In a live interview, Professor Scott Galloway explains why he believes Lyft is overvalued

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Excerpt from Fox Business -- "'What Lyft and Uber are right now is an incredible transfer of wealth from drivers to riders,' he said. 'I would argue that these companies have figured out the ultimate ninja move to kick the middle class in the groin by saying, "with 4,100 employees and our investors, we're going to split $25 billion and the 1.4 million drivers get between $8-$15 bucks an hour in flexibility."'"