Faculty News

Professor Robert Engle weighs in on current market volatility

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Excerpt from Bloomberg -- "The volatility is pretty low right now. We see how it moves up every now and then. I see the vixes going up relative to air volatility measures, which means, I think it's got something that thinks it's worried about in the future, and I suppose that's the election next week."
Faculty News

Professor Jonathan Haidt is interviewed about his talk at TEDNYC on political differences

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Excerpt from TED blog -- "'Both sides are right about something,' Haidt says. 'There are a lot of problems in the country, but neither side is capable of seeing them all.'"
Faculty News

Professor Roy Smith comments on Donald Trump's business empire

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Excerpt from the Financial Times -- “'He was very involved with the big banks during his Atlantic City days, but none of that worked out well for the banks,' says Roy Smith, a former Goldman Sachs partner who is a professor at the New York University Stern School of Business. 'I don’t know anyone in a top position at a major publicly traded financial firm who is for him.'"
Research Center Events

NYU Global Research Professor Ian Bremmer Delivers Lecture on Global Political Risk

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The Risk Roundtable featured a lecture by Ian Bremmer, one of the preeminent thought leaders on foreign policy and global political risk.
Faculty News

Professor Arun Sundararajan’s book on the sharing economy is highlighted

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Excerpt from Bloomberg -- "Arun Sundararajan, professor at New York University’s Stern School of Business and author of 'The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism,' makes the point with a few specific examples: There are 80 million power drills in the U.S. and on average each is used just 13 minutes during its lifetime; there are 250 million cars in the country and most do nothing more than take up parking spaces or fill garages; millions of dwellings have spare rooms that sit empty; unworn clothing fills closets."
School News

Stern's Fertitta Veterans Program, made possible by a​n endowment​ gift from Lorenzo Fertitta (MBA '93) and Frank J. Fertitta III, is featured

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Excerpt from Poets & Quants -- "'We’re thrilled to be able to honor men and women of the armed services,' Henry says. 'We believe in producing leaders who can transform the 21st century, and we think veterans embody so many of the characteristics we think are essential.'"
Faculty News

Professor Jeffrey Carr shares his views on venture capital firm Village Capital's peer-selection business model

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Excerpt from OZY -- "Simply because someone started a successful company in a certain industry does not mean that they can replicate that, or that they can identify it in somebody else.'"
Faculty News

Research Scholar Brandon Fuller's work on migration programs for entrepreneurs is referenced

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Excerpt from US News & World Report -- "In addition to workers, states could also set up visas for entrepreneurs and smaller-scale investors – categories that don't currently exist in the federal system. Canada and Australia have similar regional migration programs. These programs have created greater population and employment growth, according to Cato Institute research by Brandon Fuller and Sean Rust. And the stakeholders are happy with the results."
Faculty News

Professor David Yermack is interviewed about blockchain's impact on the securities industry

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Excerpt from Financial Advisor -- "'A lot of financial advisors make their money through relationships with asset management companies. That may be much more difficult to do in the future. The technology will raise questions whether investors need to have investment companies involved at all in executing and settling their trades,' said New York University Stern School of Business Finance Department Chair David Yermack, who gave what may have been the first major presentation to the SEC on blockchain."
Press Releases

NYU Stern Designs Program Exclusively for U.S. Military MBAs with $15 Million Endowment Gift

Stern KMC Exterior
With Veterans Day approaching, New York University’s Stern School of Business is announcing a $15 million endowment gift from alumnus Lorenzo Fertitta (MBA ’93) and brother Frank J. Fertitta III to create a new program exclusively for U.S. military veteran and active duty students who will be entering the School’s full-time MBA program next year.  
Faculty News

Professor Jonathan Haidt is quoted on the Democratic convention slogan and messaging

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Excerpt from The Atlantic -- "When the Democrats adopted 'We are stronger together' as a convention slogan, Haidt observes, it was almost as if they were heeding the advice of scholars like Stenner to suppress intolerance by celebrating sameness. In Haidt’s telling, the convention’s most successful moment was when Khizr Khan stood onstage with his wife, brandishing a pocket Constitution and declaring, 'We are honored to stand here as the parents of Captain Humayun Khan, and as patriotic American Muslims with undivided loyalty to our country.'"
School News

MBA students from Stern's class of 2018 are profiled; Isser Gallogly, Associate Dean, MBA Admissions and Program Innovation, is quoted

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Excerpt from Poets & Quants -- "'Individually, they represent a diverse set of professional backgrounds, cultures and experiences,' he notes. 'Collectively, they are a high-potential group with a passion for Stern and strong "IQ plus EQ."'"
Faculty News

Professor Robert Salomon's book, "Global Vision," is named one of the "Best Business Books of 2016" by strategy + business

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Excerpt from strategy + business -- "Instead of looking to the best practices of the Fortune 500, Salomon seeks salvation in data. The ease or difficulty of doing business in another country isn’t determined only by the norms and culture of that country; it’s also determined by the ease or difficulty of doing business that you’re accustomed to in your home country. Salomon believes it is possible to measure and express as a number such differences as the 'institutional distance.' And, he continues, 'studies show a positive correlation between institutional distance and the level of risk in doing business across countries.' When crafting a global strategy, he argues, executives would be well advised to calculate that distance."
School News

Stern's Mindfulness in Business initiative is highlighted; Connie Kim, Director of Leadership Development, is interviewed

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Excerpt from TopMBA -- "Mindfulness practice can support us in this line of inquiry. It can help us ask the tough questions that can then lead to wiser decisions and actions, says Connie Kim, director of NYU Stern’s Leadership in Development program, which teaches mindfulness to full-time and executive MBA."
Research Center Events

Executive Education Short Course: Disruptive Leadership: Fostering a Culture of Game-Changing Innovation

Executive Education Short Course: Disruptive Leadership
This program is intended for those who wish to rethink the habits that have made them successful in the past, and challenge the conventional wisdom and industry models that have defined their businesses. To achieve these objectives, this course combines presentations and discussions with practical exercises so that participants can apply disruptive leadership principles to business issues and scenarios.
Faculty News

Professor Robert Salomon weighs in on the future of the telecom industry in light of AT&T's acquisition of Time Warner

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Excerpt from Xinhua -- “‘Gone are the days when consumers just observe content over television screens, but now they are consuming content over mobile, over computers, and other devices,’ said Robert Salomon, associate professor of New York University's Stern School of Business.”
Faculty News

Professor Arun Sundararajan argues that Airbnb has a strong case against New York State in challenging its new restrictions

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Excerpt from The Economist -- "The firm has a good case, reckons Mr Sundararajan. Firms such as YouTube and Facebook have already invoked such a defence successfully."
Faculty News

Professor Tensie Whelan comments on Elon Musk’s strategy for developing a broad range of consumer sustainability solutions

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Excerpt from The Huffington Post -- "'The allure that this guy has for sparking the imagination of people, he does bring a certain panache to this for sure,' Tensie Whelan, director of New York University’s Stern Center for Sustainable Business, told HuffPost ahead of the announcement. 'How he thinks in systems is really interesting ― connecting the roof, the battery and the car. That broader, fully integrated solution is a smart way to go.'"
Faculty News

In an in-depth interview, Professor Aswath Damodaran discusses valuation, data and investing

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Excerpt from Bloomberg -- "I think the first thing investors have to be asking is whether they should be doing a valuation in the first place. Because valuation requires two things: One is it requires the willingness to learn the basic tools, and many investors want to do the valuation but they don't want to learn about accounting. They want to do valuation but they don't want to learn about present value. They want to do valuation but they don't want to understand the basics that drive risk and return. And that's lazy. It's lazy and it leads to you spending a lot of time thinking you're valuing companies and you walk away with actually nothing to show for it."
Faculty News

NYU Global Research Professor Ian Bremmer discusses the FBI reopening its inquiry into Hillary Clinton's use of private e-mail

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Excerpt from Bloomberg -- “I doubt [James Comey] had much of a choice. First of all, the fact that he’s aware of e-mails that would have materially contradicted the testimony that he gave in the investigation in Congress requires him to make that disclosure. Not only would it be politically delegitimizing for him and the FBI to hold on to it beyond the elections, if they eventually found out about it, but frankly with that kind of information it’s pretty likely that it would have leaked from within the FBI very soon anyway.”
Faculty News

Professor Claudine Gartenberg's joint research on company performance and Professor Thomas Philippon's joint research on volatility is referenced

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Excerpt from Bloomberg View -- "In the 2000s, a series of academic papers showed that corporate America had become a much less comfortable place for incumbents. Lots of people in corporate America already knew this, but it was helpful to see peer-reviewed evidence: L.G. Thomas and Richard D’Aveni found big increases in profit volatility among manufacturing companies from 1950 to 2002. Diego Comin and Thomas Philippon found a similar increase in the volatility of sales growth and other metrics. ... This summer, though, Victor Manuel Bennett and Claudine Madras Gartenberg, professors at Duke University’s Fuqua School of Business and New York University’s Stern School of Business respectively, did something interesting. They took the volatility measures from the above papers and a few others, added some of their own, and updated them all."
School News

NYU Stern’s MS in Business Analytics Program Hosts Executive Education Days at NYU Shanghai & the London School of Economics

MSBA Executive Education Day 2016
NYU Stern’s MS in Business Analytics program hosted an Executive Education Day at NYU Shanghai, integrating local and regional expertise into students’ academic development.
Faculty News

Research Scholar Sarah Labowitz is interviewed about the current factory labor conditions in Bangladesh

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Excerpt from Bloomberg -- "'You can’t on the one hand have lower prices and on the other hand have rising standards,' says Sarah Labowitz, a co-director of New York University’s Stern Center for Business and Human Rights."

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