Faculty News

Professor Jonathan Haidt is interviewed about his recent cover story for The Atlantic

KIRO Radio logo
Excerpt from KIRO Radio -- "The idea that words are so dangerous, that anything could hurt anyone, and words are so dangerous in books that we need trigger warnings... this is new. And this is totally incompatible with the idea of a university, which is free speech, free thought... you should be able to say anything. ... Once you start saying that words are violence, that then can justify literal violence in response. So this is a very, very dangerous move. And it's only a few years old."
Faculty News

Professor Scott Galloway on Amazon's treatment of employees

Womens Wear Daily logo
Excerpt from WWD -- "'Firms and organizations that compete on price — Amazon, China, Wal-Mart, McDonald’s — will view employees as a cost and the majority of innovation will be around how to get more, for less, from them,' said Scott Galloway, New York University marketing professor and founder of L2 Inc. 'This leads to companies that can be brutal places to work.'"
Faculty News

Professor Tom Meyvis on interactive voice response (IVR) systems

AdAge logo
Excerpt from AdAge -- "As for the psychology of the whole business, Tom Meyvis, professor of marketing at the Stern School of Business at New York University, says it is likely there isn't 'too much research going on' when developing IVRs. 'The large aim of this business is to control cost,' he said. 'That's why we don't have live operators right away.'"
Faculty News

In an op-ed, Professor Aswath Damodaran lists three factors that frequently hinder valuations

Forbes logo
Excerpt from Forbes -- "At valuation conferences and in valuation treatises, we spend our time immersed in valuation details including how best to estimate cash flows, discount rates and deal with valuation loose ends, but we seldom talk about the bias, uncertainty and complexity. Valuation practice will be better served if we had an honest and open discussion of how we deal with these structural problems, because they remain the biggest barriers to good valuations."
Faculty News

Professor Jonathan Haidt discusses his co-authored cover story for The Atlantic

Huff Post Live logo
Excerpt from HuffPost Live -- "The basic psychological point that I think is the crux of our article is that human psychology is as follows: There's a wonderful book by Nassim Taleb called 'Anti-Fragile.' It's about things that actually get stronger when you bump 'em around. My first book was on ancient wisdom and the ancients all got this one right. So here's a quote from Mencius, the ancient Chinese philosopher: 'When heaven is about to confer a great responsibility on any man, it will exercise his mind with suffering, subject his sinews and bones to hard work, expose his body to hunger,' et cetera... The point is, people are anti-fragile. You have to give them trials and tests. They have to suffer, they have to overcome it. What doesn't kill you makes you stronger."
Faculty News

In an op-ed, Professor Michelle Greenwald shares innovation lessons for CMOs from top companies

Huffington Post logo
Excerpt from The Huffington Post -- "It may seem counterintuitive, but in order to inspire free thinking, the first step is often to set some limits. While some academics and consultants advocate not restricting brainstorming creativity in any way, I've found allowing infinite options with few guidelines can paralyze innovation. Creativity flourishes when some parameters exist for what brands stand for and the brand equity elements that marketing tactics and line-extensions must protect and extend. Apple is a great example of a brand that adheres to a strong identity and vision for what it stands for, and the company continues to innovate while staying true to their brand parameters."
Faculty News

Professor Nicholas Economides on Greece's bailout package

Bloomberg logo
Excerpt from Bloomberg -- "The vote 'showed that the government coalition is very significantly weakened,' said Nicholas Economides, a professor at New York University’s Stern School of Business. 'Elections are very likely in early fall. The most difficult part of the agreement, its implementation, will fall to a new government, to be elected in the fall.'"
School News

Emily Apollo (BS '16) is interviewed about her internship at Saks Fifth Avenue

Poets and Quants logo
Excerpt from Poets & Quants -- "...Apollo says she’s been given the opportunity to flex her own creative muscle and problem solving for Saks. 'I’m in dress collections so the buyer was interested in seeing which trends were in for this year’s prom season. Using "#prom," I was able to incorporate social media to investigate popular trends, then I created a board to visually show the trends.'"
Faculty News

In an op-ed, Professor Roy Smith argues that the US should privatize its infrastructure

Financial News logo
Excerpt from Financial News -- "...US public infrastructure (highways, bridges, airports and so on) is paid for by user taxes and tolls that politicians are loath to raise, or by direct government grants that are equally unpopular. Thus it is continually under-depreciated, under-maintained, and under-financed."
Faculty News

Professor Jonathan Haidt's co-authored piece on political correctness, use of trigger warnings and avoidance of microagressions is cited

Bloomberg View logo
Excerpt from Bloomberg View -- "Students demanding that campus life be bowdlerized to preserve their peace of mind seem to believe that the best way to deal with trauma is to avoid any mention of it. But [Greg] Lukianoff and [Jonathan] Haidt argue that this is exactly backward; chronic avoidance breeds terror. The current climate on campus is a recipe for producing fearful adults who are going to have difficulty coping in an adult world. It's as if we were trying to prepare the next generation of American citizens by keeping them in kindergarten until the age of 23."
Faculty News

In an op-ed, Professor Ian Bremmer discusses China's new security legislation

TIME logo
Excerpt from TIME -- "The cybersecurity law will also have a chilling effect on privacy in China by building a single nationwide ID system that ties the online identity of citizens to their physical identity. Chinese officials insist that anonymity online allows terrorists and criminals to operate in the shadows–and that anonymity must be eliminated to protect Chinese citizens. Foreign companies will have to help manage these threats–even when they don’t agree with Beijing on what constitutes 'terrorism' or a legitimate threat to national security. The cybersecurity law also provides a legal basis for the government to shut down the Internet in the event of serious social unrest."
Faculty News

Professor Scott Galloway on successful crisis management

Marketplace Logo
Excerpt from Marketplace -- "'America and consumers love to forgive,' says Galloway. 'It’s like a relationship. When your spouse gets angry at you, the easiest way to end the issue, "You’re right, I’m sorry. This is what I’m going to do to address the issue." It’s the same thing in the world of business.'"
Faculty News

Professor Nicholas Economides explains the legal barriers to implementing Greece's debt deal

Bloomberg logo
Excerpt from Bloomberg -- "It looks like there are going to be laws passed in Greece, the agreement laws... But then the laws have to be implemented, and that will happen sometime in the fall and that will be problematic. Additionally, there is a very important political wrinkle in this problem that the ruling coalition government does not have enough votes to pass these laws because some of their own deputies are going to vote against them, so these laws are going to pass with the opposition votes, which puts the government in a very precarious position. And it makes very likely that in early fall, this government will look for elections... as a way out of its problems."
Faculty News

Professor Lawrence White explains why he believes the Libor-based Financial Instruments Antirust Litigation may go to the Supreme Court

PaRR logo
Excerpt from PaRR -- "White noted that Libor is a collaboratively determined interest rate — a price, but it is an interest rate. However, according to Judge Buchwald, this interest rate is separate from the marketplace where people were buying and selling securities or mortgages or other products, and thus there was no collusion in those markets, he said. Buchwald 'didn’t see the collaborative effort in setting the Libor interest rate as a market antitrust issue,” White said. 'My personal belief is she is wrong and eventually is going to get overturned, either by the Second Circuit or the Supreme Court,' he added."
School News

Dean of MBA Students Conor Grennan on the importance of global classes and perspectives

CNBC logo
Excerpt from CNBC -- "The big jumps have been in the global classes, faculty-led classes that are taking our students to Milan, to China, to other places so that students can get a real hands-on experience in the country, see the culture, see the historical significance and perspectives of those countries and bring those back into companies that are increasingly multi-national in scope."
Faculty News

Professor Jeffrey Wurgler's research on stock market bubbles is cited

MarketWatch logo
Excerpt from MarketWatch -- "...we have no choice but to conclude that we’re not in another bubble like it [the Internet bubble]. That...is the conclusion I reached upon grading the current market according to five dimensions of investor sentiment that were devised by the authors of perhaps the leading academic study of stock market bubbles. Those authors are finance professors Jeffrey Wurgler of New York University’s Stern School of Business and Malcolm Baker of Harvard Business School."
Faculty News

In a co-authored cover story, Professor Jonathan Haidt argues that heightened sensitivity around political correctness, use of trigger warnings and avoidance of microagressions is damaging to college students' education and mental health

The Atlantic logo
Excerpt from The Atlantic -- "Universities themselves should try to raise consciousness about the need to balance freedom of speech with the need to make all students feel welcome. Talking openly about such conflicting but important values is just the sort of challenging exercise that any diverse but tolerant community must learn to do. Restrictive speech codes should be abandoned."
Faculty News

Professor Tom Meyvis on the removal of gender-based labels from toys

Los Angeles Times logo
Excerpt from Los Angeles Times -- "Tom Meyvis, a professor of marketing at New York University's Stern School of Business, said removing gender labels from toys gives more power to the consumer, a trend in marketing. 'To some extent, you give more control to the customer,' he said. 'So customers can decide for themselves what is the ideal product for their son or daughter, rather than being told this is the category your child falls into.'"
Faculty News

Professor Lawrence White on Moody's plans to change the way it calculates default risk

Bloomberg logo
Excerpt from Bloomberg -- "During the housing bubble, the widespread practice of so-called ratings shopping fueled a 'race to the bottom' among credit graders as they sought to win business, helping to fuel the later financial crisis...'We don’t know until we know if this is going to be a problem,' said Larry White, an economics professor at New York University’s Stern School of Business. 'But surely they don’t want to be wrong a second time.'"
Faculty News

Professor Paul Romer's paper on economic growth is cited

Harvard Business Review logo
Excerpt from Harvard Business Review -- "For the classic economics paper on the role of technology on growth, see Paul Romer’s 1990 article 'Endogenous Technological Growth'..."
Faculty News

In an op-ed, Professor Nouriel Roubini explains the problems of ratings agencies and highlights the need for data-driven analysis in the global economy

Financial Times logo
Excerpt from Financial Times -- "Spotting risk is difficult, and it is tempting to let others do the hard work. But rating agencies follow an ad hoc and slow-moving approach. Market signals, such as the interest rates payable on sovereign bonds, are noisy and volatile. It takes systematic, data-driven analysis to understand the dangers hidden in a shifting global economic scene."
Faculty News

In a co-authored op-ed, Research Scholar Sarah Labowitz explains how indirect sourcing threatens supply chain workers' safety

The Gobe and Mail logo
Excerpt from The Globe and Mail -- "The indirect sourcing model is not unique to Bangladesh and has allowed explosive growth in the global apparel industry. But dependence on subcontracting firms outside the system of monitoring and inspection operated by Western brands leaves a significant part of the work force vulnerable to poor conditions."
Faculty News

Professor Stephen Brown explains why hedge funds are not ideal for retail investors

Australian Financial Review logo
Excerpt from Australian Financial Review -- "But retail investors [in Australia] can [invest in hedge funds]. You have to be prepared to do the operational due diligence, to know that in a liquidity crisis hedge funds will lose money and to invest in a diversified portfolio. If you can't meet those criteria you shouldn't be investing in hedge funds."
Faculty News

Professor Arun Sundararajan explains why the sharing economy poses a challenge to labor laws

AFP logo
Excerpt from AFP -- "Arun Sundararajan, who heads New York University's Social Cities Initiative, said policymakers should seek to 'decouple' traditional benefits from the workplace to help gig workers. 'What they are looking for is not to be a full-time employee,' Sundararajan told AFP."
School News

Assistant Dean Isser Gallogly on what Stern looks for in an MBA applicant

Poets and Quants logo
Excerpt from Poets & Quants -- "Gallogly, assistant dean of MBA admissions at the New York University’s Stern School of Business, estimates he’s read more than 50,000 application essays during his dozen years at the school. While he and his colleagues assess specific attributes and deficiencies related to GMAT scores, undergraduate GPAs, work experience, communication skills, and fit with Stern, ultimately their evaluation falls under a framework they call 'the three Cs': how well applicants would do in the classroom; how successful they would be in their careers; and what kind of character they have."