Experience Stern | News & Events

Excerpt from Bloomberg -- "The New York University professor who developed one of the best-known formulas for predicting corporate bankruptcies has a warning for U.S. credit investors: this year’s spate of “mega” insolvencies is just getting started. More than 30 American companies with liabilities exceeding $1 billion have already filed for Chapter 11 since the start of January, and that number is likely to top 60 by year-end after companies piled on debt during the pandemic, according to Edward Altman, creator of the Z-score and professor emeritus at NYU’s Stern School of Business. Global firms have sold a record $2.1 trillion of bonds this year, with nearly half coming from U.S. issuers, data compiled by Bloomberg show."

Excerpt from MediaPost -- "However, critics don’t believe that social networks do enough to police their platforms. In a recent report, NYU’s Stern Center for Business and Human Rights took issue with networks’ reliance on third-party vendors for content review, which they said amounted to an outsourcing of responsibility for the safety of billions of users."

Excerpt from Luxury Daily -- "'Some of the capital that would have been spent on French brands may now shift to Italian brands,' Ms. Serdari said. 'There are a few contenders in that group, specifically Prada, Bottega Veneta and Dolce & Gabbana, for example.'"

Excerpt from Business Insider -- "From March 2 to May 2, toilet-paper sales were up 71% year over year in the US, making it the most purchased item at grocery stores across the country. And sales might have kept rising if it weren't for empty shelves, both in real life and on Amazon. Along with the US, a run on toilet paper happened in Norway, Hong Kong, Singapore, and Australia. But in other countries, toilet paper wasn't the hot commodity. In India, people bought up wheat flour. In China, it was a run on rice. Raghubir: 'It is whatever makes you comfortable. It's something that will last, and it won't spoil.'"

Excerpt from Bloomberg -- "'There’s a lot of delirium,' said Aswath Damodaran, a professor at New York University’s Stern School of Business. “Each company is looking up the ladder: Tesla is the next Amazon, Nikola is the next Tesla, and so on.' Damodaran said he doubts that each new entrant will be able to pull off their growth projections and that the electric-vehicle market is not big enough for every one of the companies to succeed. 'We are all now reaching for a dream,' Damodaran said, 'and that’s not the way to invest.'”

Excerpt from BusinessBecause -- "At NYU Stern, anti-bias training is being implemented in the MBA curriculum, while school leadership works with the Student Government’s Diversity Committee to diversify the business cases used in class....'As future leaders, it will be our students’ responsibility to eliminate systemic bias when they see it. As a business school, it’s our responsibility to educate students about this,' adds Gary from Stern."

Excerpt from The Washington Post -- "Among the data points I’ve noted before: Over the course of the past century, immigrant scientists helped revolutionize U.S. science and innovation, as documented in a study of patent records by economists Petra Moser, Alessandra Voena and Fabian Waldinger. Today, more than half of the most highly valued U.S. tech companies were founded by immigrants. Related research by economist Britta Glennon suggests that making the U.S. skilled-immigration system more restrictive ends up pushing jobs and innovation outside the United States."

Excerpt from Salon -- "'Flying in the face of meritocratic prescriptions, evidence of privilege threatens recipients' self-regard by calling into question whether they deserve their successes.' Dr. L. Taylor Phillips, a professor of management and organizations at New York University Business School, and co-author Dr. Brian S. Lowery, a professor of organizational behavior at Stanford University, wrote in their study. 'Evidence of class privilege demonstrates that many life outcomes are determined by factors not attributable to individuals' efforts alone, but are caused in part by systemic inequities that privilege some over others.'"

Excerpt from Forbes -- "The fact is that many COBOL programmers–who come primarily from the Baby Boomer generation–are retiring. There is also the issue that the language is no longer taught in schools. 'Very few folks are learning COBOL,' said Navin Manglani, who is a professor of technology at the NYU Stern School of Business. 'But as long as legacy systems stay around, there will always be a need for COBOL programmers.'"

In this four week course, students can progress at their own pace through the key steps of data visualization. The hands-on lessons will focus on techniques for data preparation — how to choose, create, and edit graphics, as well as best practices for presenting your visualizations.

Excerpt from The Advocate -- "Sometimes it's a more complicated story than, 'Oh, any company ought to get a premium,' said Lawrence White, professor of economics at New York University at the Stern School of Business. 'When Company A wants to buy Company B, almost always there will be a premium that Company A offers over the pre-announcement share price,' said White, who has been in academia for more than 40 years."
 

Excerpt from Bloomberg -- "Jay Freeman, an investment banker-turned-consultant who’s worked on corporate turnarounds and restructurings, looks at diversity in senior management before attending job interviews. 'At some point, you gravitate toward someone who has some tie of shared experience,' said Freeman, who’s Black. 'You want to be able to find people who will be an ally, or an advocate or a mentor -- those are all things that are part of the calculation.'”

Excerpt from Adweek -- "Alixandra Barasch, assistant professor of marketing at New York University, said that Trump’s threats can profoundly affect businesses, which she’s seen most clearly when public companies’ stock prices have moved due to a single tweet. 'The current TikTok situation is an interesting one, because it more directly affects actual consumer decisions—not just Wall Street,' Barasch told Adweek. 'I could see it going in both directions, but either way, it’s clear that Trump’s comments—no matter how valid or legal—have a profound influence on real business outcomes.'”

Excerpt from Forbes -- “'People tend to function on autopilot until something inside their heads or in the world around them subtly or explicitly suggests it’s time to move on. Reaching the end of a feed is one such cue; removing the endpoint short-circuits that cue,' said Adam Alter, author and NYU professor, in a Medium post written by Rebecca Fishbein."

Excerpt from CoinTelegraph -- "Smart contracts have limited efficiency in certain industries if not implemented in conjunction with IoT sensors according to experts in blockchain and business from NYU. Stern School of Business Associate Professors Hanna Halaburda and Yannis Bakos presented their research at the Unitize conference July 10 on the interaction between smart contracts and Internet of Things (IoT) sensors in improving business efficiencies."

Excerpt from CNBC -- "Shares of Tesla have exploded lately, soaring 30% this month alone and bringing its 2020 gains to a whopping 230%. New York University professor Aswath Damodaran, sometimes called the 'Dean of Valuation,' called Tesla a 'story stock,' meaning its prices are not driven by news events or fundamentals."

Excerpt from Yahoo Finance -- "'All of these factors point to the heightened importance of platforms like Uber Eats in the economy of the future,' said NYU Stern’s Arun Sundararajan, the Harold Price Professor of Entrepreneurship, who co-authored the study with NYU Stern PhD student Manav Raj and Uber Technologies data scientist Calum You. 'COVID-19 is dramatically accelerating the transition to online commerce. Platform demand has been central to riding out the economic shock, especially for small businesses.'"

Excerpt from The Wall Street Journal -- "'This shock is going to cause a very large amount of economic damage,' said Michael Spence, a professor of economics at NYU’s Stern School of Business. 'A lot of these policies are essentially moving that damage to the sovereign balance sheet. It’s not that anybody thinks it’s ideal, but it may be better than leaving it lying around in the business sector or in the household sector.'"

Excerpt from The Wall Street Journal -- "'If a venture-backed company either can’t survive this pandemic or can’t convince investors to put in more money to hold on to employees, then either they should be laid off or the business should be shut down,' added Mr. Galloway. 'Every bailout leads to moral hazard, which leads to a bigger bailout later.'"

The NYU Stern School of Business and Uber Technologies announce the release of a new paper, “COVID-19 and Digital Resilience: Evidence from Uber Eats.” The study establishes that digital platforms enabled restaurant survival during the COVID-19 lockdown by providing critical continuity in access to customers.

Excerpt from BBC -- "Still, blending elements of a traditional shop with digital technology, safety and convenience could create a unique niche in the market. 'Maybe the answer is: you can touch and feel a product without having to actually go to a traditional, [crowded] store,' says Anindya Ghose, a professor of business at New York University. 'All [Grocery Neighbour] needs to do is figure out one hook that is really appealing to consumers where it’s no longer a want but a need.'"

Excerpt from NBC News -- "'What’s going on in Hong Kong lays bare what the Chinese system really is all about. They are repressing the most open corner of China,' said Paul Barrett, deputy director of New York University’s Center for Business and Human Rights."

Excerpt from The International Economy -- "Many advanced economies, especially those in Western Europe, as well as China, will face a version of this disease in the next decade or so. They too have high government debt and aging populations.These countries need to redesign pension and healthcare systems to manage the wave of people that everyone knows is coming. This will involve lengthening working lives, increasing saving, encouraging female employment and immigration in places where it is low, and possibly reducing the generosity of planned benefits. Only then can we maintain standards of living. Hopefully Japan will show us the way."

Excerpt from Seeking Alpha -- "'The biggest loss to Microsoft is the continuous antitrust scrutiny that does not allow it to make significant acquisitions in telecommunications and the Internet in the United States during the period of intense antitrust scrutiny.'"

Excerpt from The Grocer -- "Consumers prefer sustainable packaging and are buying more products with environmental credentials. Analysis by NYU Stern’s Center for Sustainable Business last year found market share growth of sustainability-marketed products was faster than their conventional counterparts."