Experience Stern | News & Events

Excerpt from Forbes -- "Though many of us know this, the paper makes clear that most people do not like others who are open about their status-craving. 'We don’t admit to ourselves that other people don’t like it when we strive for status,' [Pettit] says. In other words, if you’re blatant about your status-seeking, you’ll undermine your goal."

Excerpt from Forbes -- "More and more, companies are making vending machines an important part of their product distribution strategies. Vending machines enable products to sell in more locations at a lower cost than in traditional retail shops since the real estate expense is usually lower, and other than restocking the machines, labor costs are non-existent. In most cases, there’s no competitive clutter around the machines and the products are the only ones in their category at that spot."

Excerpt from Financial Times -- "Our bottom line is fairly simple. We doubt that the lower bound on nominal interest rates is much below zero over any extended period of time. Trying to keep nominal rates below the cost of currency storage and movement would convert bankers back into goldsmiths, tightening rather than loosening monetary conditions."

Excerpt from The New York Times -- "Still, the noted valuation expert Aswath Damodaran asserts that much good could come from share buybacks and that banning or regulating buybacks falls “squarely in the feel-good but do-bad economic policy realm.'"

Excerpt from Bloomberg -- "In many cases, the value we're seeing created from these spinoffs is legitimately real. These companies are actually able to be more efficient, more effective, and better competitors by being more focused. The managers can pay attention to a smaller collection of assets..."

Excerpt from WIRED -- "'Uber’s culture is more command and control than community-building,' Sundararajan says. 'Uber drivers could say this isn’t good, let’s take it up with the company instead of going to court. But maybe they feel they can’t take issues to the company.'"

Excerpt from Entrepreneur -- "NYU business professor and sharing economy researcher Arun Sundararajan says moves like this make sense for companies at the critical early-stage of building brand perception. 'It recognizes that these platforms are being built on the shoulders of providers. These platforms have to work extra hard to take care of providers and keep them close.'"

Excerpt from The Washington Post -- "David Yermack, a professor at New York University who has studied the location of shareholder meetings, says there's another reason that in-person annual meetings won't disappear too soon — long-standing rituals are hard to change without prompting doubts about the motives. 'This is a 400-year-old corporate norm, where once a year you have to face the owners of the company and answer for what you’ve done.'"

Excerpt from The Star Online -- "'The goal was to write a book that both the left and the right could read and not feel alienated by,' explains Haidt. 'I think for a lot of our modern problems, you really can’t solve it from within one framework.'"

Excerpt from Fast CoExist -- "More broadly, the research shows how encouraging sharing in cities might lead to 'inclusive' growth, not just privilege higher-income groups. 'Cities can view nurturing peer-to-peer platforms with being consistent with inclusive growth,' Sundararajan says in an interview. 'It's not about supporting the tech sector. It's going to improve your economy in a way that benefits below-median consumers most.'"

Excerpt from Women's Wear Daily -- "'Instagram is top of the funnel, brand-based marketing, and it’s very hard to establish direct attributes and that’s across all mediums. Whether it’s print or marketing, the ROI here [on Instagram] is largely secondary,' he said. Galloway added that since Instagram has an organic reach of 100 percent, it’s hard to over-invest on the platform right now."

Excerpt from The New York Times -- "'It’s brain-dead to start making comments like this on behalf of a brand,' said Scott Galloway, a clinical professor of marketing at New York University’s Stern School of Business. 'This isn’t shooting yourself in the foot, this is taking a machine gun and spraying bullets all over your feet.'"

Excerpt from USA Today -- "'The business says: Try this, it's a great product, it's free,' Galloway says. 'They make it as easy as possible for people to use the product, love it and hopefully can't go without it. Sampling or free has only grown in importance of marketing lexicon.'"

Excerpt from EconTalk -- "Well, we do know for sure that there's a huge excess demand for urban life. People will take huge risks, take on huge costs, to get to cities. They'll live in very difficult circumstances, often illegal, informal circumstances, crime-ridden circumstances, to get the benefits that cities offer. We know that there's a big demand there. And the challenge is how to... have a supply response that could meet that demand."

Excerpt from Financial Times -- "Anindya Ghose, professor of IT and marketing at New York University’s Stern School, says: 'When Apple makes such a big splash, whether it sells or not, it creates an awareness about a gadget of this kind.'"

Excerpt from The Washington Post -- "This picture of who's doing the sharing in the sharing economy today makes this argument from NYU's Samuel Fraiberger and Arun Sundararajan provocative: In the long run, they argue in a new paper, the people who stand to benefit the most from new peer-to-peer rental marketplaces for everything from cars to gadgets are low-income consumers."

Excerpt from TIME -- "While many of China’s wealthiest may have left the country, there are plenty who still fill the highest ranks of government. More than one in seven of the 1,271 richest Chinese are serving in Parliament or its advisory body. These 203 delegates are collectively worth over $460 billion."

Excerpt from The Economist -- "...the paper shows that the benefits of scale are not shared equally among all workers. Using data on wages at British firms, they divide workers into nine groups according to how skilled they are. Over time, they find that the proportional difference in wages between the groups grows as firms get bigger. This trend is driven entirely by a rising gap between wages at the top compared with the middle and bottom of the distribution. As the authors note, this is very similar to the trend in income inequality in America and Britain as a whole since the 1990s, when pay for low and median earners began to stagnate."

Excerpt from BuzzFeed News -- "Scott Galloway, a clinical professor of marketing at NYU’s Stern School of Business, calls this one-product plan 'sniper retail.' 'They’re taking one product and going after it with a laser focus,' he says. 'And they’re much more skilled. Traditional companies might be going after the same thing, but they’re using swords. The startups are trying to achieve the scale and efficiency of a value-based retailer, like Wal-Mart, but at the same time give you the individual attention you’d get from a specialty retailer, like Duxiana. So you feel like you’re getting Williams-Sonoma at a Costco price. That’s a powerful combination.'"

Excerpt from Human Resources Executive -- "Diversity initiatives are effective, but also produce unintended consequences that can limit the career success of the very groups of employees they are intended to benefit. Implementing an affirmative-action plan without taking steps to avoid unintended consequence is unlikely to be an effective solution."

Excerpt from International Business Times -- "'For a long time, we took for granted that all these activities are useful simply because they exist,' says Thomas Phillippon, a professor of finance at the New York University Stern School of Business who studies the efficiency of financial services. 'Now we have the challenge of deciding what’s useful or not.'"

Excerpt from Financial Times -- "I think it's going to be a real challenge, because any time a company goes public and faces the pressures of the market to grow and expand the business, there's a strong pressure to expand the boundaries of what they've been doing and this is a kind of a community that's not an easy one to maintain as it scales larger and larger."

Excerpt from Bloomberg -- "They have to accept the deal with the Europeans. They have to accept the loan deal...commit to reforms, and sign the deal as soon as possible. Six weeks have passed since the new government was sworn in, and we are very few weeks from a Grexit... and it's very irresponsible to keep getting closer and closer to a deadline in which Greece will not be able to pay its civil servants and pensioners."

Except from Financial Times -- "Art’s attractions as an asset class include its portability, lack of correlation with traditional investments and 'safe haven' characteristics. Some critics such as Nouriel Roubini, an economist who is himself an art collector, have said the market is also used for money laundering and tax evasion and have called on regulators to bring it to heel."

Excerpt from Bloomberg -- "Once one country is out, people are going to ask who's going to be next. That's why I think, economically and financially, it doesn't make sense to have a Greek exit."