Experience Stern | News & Events

Excerpt from The New York Times -- "Thomas Philippon, an economist at New York University, has published papers on the financial service industry’s share of the nation’s gross domestic product, or G.D.P. In the 1920s, finance’s share of G.D.P. doubled, with most of the growth taking place in the second half of the decade."

Excerpt from Mic -- "In this climate, 'consumers are in a mood to notice' a brand's values, Tensie Whelan, director of the Stern Center for Sustainable Business at NYU Stern School of Business, told Mic. 'It's that overall impression... The majority of consumers couldn't care less if 80% of brands disappeared tomorrow.'"

Excerpt from The Washington Post -- “'Wall Street got started under Alexander Hamilton, and it was almost exclusively a province of males and it has just continued that way,' said New York University financial historian Richard Sylla."

On April 20, NYU Stern’s Leadership Development welcomed Joe Berardino, Managing Director, Corporate Transformation at Alvarez & Marsal, for an event entitled "Tales in Leadership: Managing Chaos.” The discussion centered around crisis management and the value of self-awareness in leadership. 

Excerpt from Livemint -- "In the now famous book, Adam Brandenburger and Barry Nalebuff presented a framework of Co-opetition. It’s a strategy that includes simultaneous cooperation and competition between two or more firms, which cooperate in some activities while competing in others."

Excerpt from CNNMoney -- "'I don't think there's a clear approach to be favored one way or the other,' said White, who was also a former board member of the Federal Home Loan Banks under the Reagan administration."

Excerpt from Vocativ -- "'[T]he worldwide value of all bitcoins is only about $20 billion,' says David Yermack, professor of finance at NYU Stern School of Business. '[That’s] not nearly enough to be an alternative to the sovereign currency in a country of any size.'"

On April 19, NYU Stern’s Center for Sustainable Business and the Greater New York City Chapter of the International Society of Sustainability Professions (ISSP-NYC) welcomed Laurent Claquin, Head of Kering Americas, for an event entitled “Crafting Tomorrow’s Luxury.”

Jane Mayer, investigative journalist and author of Dark Money: The Hidden History of the Billionaires, delivered the 12th annual Haitkin Lecture, hosted by NYU Stern’s Business & Society Program. 

Excerpt from NBC News -- "I don't think tech companies are explicitly trying to make their products addictive — at least that's not the term they'd use. I think they'd describe it as 'maximizing engagement,' or, to borrow a term from the gambling industry, maximizing 'time on device.' If you're competing for limited attentional resources, you need to make sure people can't stop using your product once they start."

Excerpt from Business Insider -- "When you buy a share of Snapchat you're giving a 26-year-old money with absolutely no recourse. No shareholder rights whatsoever and you're investing in a company whose losses exceed its top-line and also has probably the world's most agile and competent company in the world — Facebook has decided that they will kill Snapchat no matter what."

On Tuesday, April 18, NYU Stern’s Undergraduate College and Business & Society Program (BSP) in conjunction with the “Law, Business & Society” course, co-hosted the 2017 Ashok C. Sani Distinguished Scholar-In-Residence Lecture, delivered by NYU Trustee Larry Silverstein (ARTS '52), who serves as chairman of Silverstein Properties.

Excerpt from Yahoo Finance -- “Baker, Wurgler and Yu Yuan, authors of the May 2012 study, ‘Global, Local, and Contagious Investor Sentiment,’ were the first to investigate the effect of global and local components of investor sentiment on major stock markets, at the level of both the country average and the time series of the cross-section of stock returns.”

Excerpt from New York Magazine -- "In one study led by the NYU marketing professor Justin Kruger, Epley and his colleagues asked participants to write pairs of sentences — one serious, one sarcastic — on various topics and email them to another subject, who would guess which was which. Senders estimated the sarcastic sentence would be misidentified only 3 percent of the time. Instead, recipients got it wrong five times as often."

Excerpt from Fast Co.Design -- "Segall and Labowitz spent 18 months compiling their report, published this week by the Center for Business and Human Rights at NYU’s Stern School of Business. They spoke with workers, recruitment agents, contractors, clients, and more. What they uncovered was a startling globe-crossing network in which poor workers actually end up paying to be recruited, and more."

Excerpt from US News & World Report -- "'There are some applicants to an MBA program who are extremely motivated, who have a very high potential, who have a very aggressive timeline for themselves and have demonstrated things that are above and beyond what you would normally see in someone coming from an undergraduate program,' says Isser Gallogly, associate dean of MBA admissions with the Stern School of Business at New York University. As part of its highly selective Berkley Scholars Program, Stern offers a full-tuition MBA scholarship plus living expenses to college seniors seeking an MBA."

Excerpt from RealClearMarkets -- "The argument goes that a simple leverage ratio, which could be based on liabilities or assets, does not afford regulators a sufficiently granular control mechanism. Thus, the NYU Stern School explains, 'a private investor would rarely make a decision based on a single ratio, and neither should a regulator.'"

Excerpt from the Stamford Advocate -- "'Is there going to be an effect for New York and Connecticut — I would say yes,' White said. 'Is it going to be large, probably not. Frankfurt would be the primary beneficiary because the major barrier is going to arise between Britain and the rest of Europe. There isn’t going to be any new barrier between Britain and the U.S. or between Britain and Singapore.'"

Excerpt from Bloomberg -- "'Uber is a one-of-a-kind company, in good ways and bad ways. It’s going to be a case study,' said Aswath Damodaran, a finance professor at New York University. 'This is a cash-burning machine.'"

Excerpt from OZY -- "'It’s one thing to trust someone enough for them to ship you a package, but it’s a completely different thing to have a stranger sleep in your spare bedroom,' says Sundararajan. The establishment of 'more robust digital trust networks' — automatic vetting of drivers, connection with hosts’ Facebook profiles, ratings and comment systems — allowed platforms like Lyft, Couchsurfing and meal-sharing app EatWith to take off."

The Four School Conference brings together faculty, students and researchers from Stern, Columbia, Yale and University of Pennsylvania.

On Thursday, April 13, NYU Stern’s Center for Sustainable Business (CSB) welcomed Robert G. Wilmers, CEO of M&T Bank, for a discussion entitled “Community-Minded Banking.”

On Thursday, April 13, NYU Stern’s Business & Society Program will welcome Seema Saifee, staff attorney for the Innocence Project, and Darryl Howard, who was recently exonerated after serving 24 years for a wrongful murder conviction, to speak to an audience of students.

Excerpt from CFO -- "In their book, Baruch Lev and Feng Gu demonstrate that corporate reports have lost most of their usefulness in doing what they are supposed to do: provide investors with information that they can use to make optimal investment decisions. Their shocking conclusion is that the very pricey financial report only provides five percent of the information that investors base their decisions on. Lev and Gu propose a new method called the ‘Resources & Consequences Report’."