Experience Stern | News & Events

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’."

Excerpt from The Atlantic -- "'There have been so many violations in recent years that have led to massive penalties on the part of firms that it tells me that the culture is not working,' he says, suggesting that financial punishment can only do so much to induce better behavior."

Excerpt from The Hill -- "A study conducted by the NYU Stern School of Business found than more than 99 percent of the EB-5 projects qualify as Targeted Employment Areas."

Excerpt from Bloomberg -- "On a scale of 1 to 10, it was -1. I think it was probably the most tone-deaf response I've seen to this type of issue, I think, possible ever. He used the term 're-accommodate' as if he was trying to put a good spin on it. It just took a bad situation and made it worse."

Excerpt from the Associated Press -- "The study describes it as a 'perverse business model.' Rather than providing an opportunity for decent pay and a better livelihood, construction industry practices across the Gulf are pushing workers into extreme debt and exacerbating abuses, such as an inability to change jobs or move to another country due to indebtedness."

On April 10, NYU Stern’s Business and Society Program, Center for Sustainable Business and NYU Department of Environmental Studies welcomed Jane Goodall, Ph.D., DBE, founder of the Jane Goodall Institute and UN Messenger of Peace, for an event entitled “Tomorrow & Beyond: An Evening with Dr. Jane Goodall.”

This program examines best-practices related to the business use of social media and digital marketing. While there will be sufficient attention given to top level strategy used by companies adopting social media and digital marketing, the course will also focus on digital analytics oriented tools: how to make organizations more intelligent in how they conduct business in the digital age.

Excerpt from The Australian -- "[Alter] believes it’s possible that half of us now suffer from some form of behavioural addiction. And while this is bad news for adults who wish to escape their smartphone screens, it’s even worse news for children. Their impulse ­control is still a work in progress. They don’t think about the costs and benefits of their behaviour. If left to their own devices – literally, figuratively – kids do not stand a chance against such sophisticated technologies."

Excerpt from Forbes -- "After campaigning on the idea monetary policy should be more restrictive, it wouldn’t be surprising that, now in office, Trump sought central bankers with policy prescriptions are more aligned with his goal of speeding up the pace of growth. Additionally, Trump could 'interfere in the normal operations of Federal Reserve policy not just through personnel but by directly commenting on it,' said Kim Schoenholtz, an economics professor at the NYU Stern School of Business. 'There’s a huge degree of uncertainty about what the President will do.'"