Experience Stern | News & Events

Excerpt from Medium -- "'Having participated in theatre productions for most of my life, I began to notice how prohibitively expensive production costs can be,' founder Jackie Kroeger explained, 'Theatres often build all their production materials from scratch, and then once the show is complete, these expensive costumes, sets, and props often go in the trash or are stored somewhere, unused.'"

In a global economy, multinational companies often operate in jurisdictions where governments are either unable or unwilling to uphold even the basic human rights of their citizens. As part of its work to educate the world’s future business leaders, the NYU Stern Center for Business and Human Rights today released the first comprehensive, interdisciplinary textbook on the human rights challenges facing businesses – and how to approach solutions.

University Professor Steven Koonin delivered a lecture on "Can We Ever Get to a Zero-emissions World?" to the NYU community on April 18.

Excerpt from The New York Times -- "Three economists, Pierre-Olivier Gourinchas, Thomas Philippon and Dimitri Vayanos, examined the history of Greece’s debt boom and bust in a new paper. They contend that in terms of money borrowed and economic output lost, the Greek crisis has far exceeded even the classic emerging market busts in Latin America and Asia — many of which were resolved via various forms of debt restructuring. As a result, they conclude, the very thought that Greece can pay its way out of this mess without having its debt reduced in some way is fantasy."

Excerpt from Business Insider -- "'Banks don't want to put that down in writing because those are profitable businesses and anything they say about that could come back and be used by regulators to haunt them if some sort of downturn were to happen.' To Smith's mind, regulators want in writing that the banks would divest trading assets to the point that the firms would go back to the time of the Glass-Steagall act, which kept investing and commercial banking separate. Banks don't want to have the possibility of losing that profit and are trying 'to get through this without giving up anything they don't want to.'"

Excerpt from TopMBA -- "'Students look to and trust an alumnus from their school who ‘looks like them in three years’ to provide inside information about growth opportunities within the firm,' said Jason Greenberg, coauthor of the study and a management professor at NYU Stern with a particular interest in social networks. Indeed, when asked what led them to accept an MBA job offer, the number one choice in the sample was ‘growth potential’."

Excerpt from Kitco News -- "Abrantes-Metz was the economist for the plaintiffs gold and silver manipulation lawsuits. She is also one of the first researchers to publish a paper which highlights a decade of manipulation. 'As I discussed in your program [Kitco News] before with respect to gold, and the same applies to silver, the structure of these fixings and the empirical evidence were very telling in supporting collusion and manipulation. If we in fact learn that actually was the case, I would be the least surprised person out there,' she said in her email."

Excerpt from Today -- "'True happiness comes when you get three kinds of relationships right,' [Haidt] told TODAY. 'The one between yourself and others, between yourself and work or something productive and between yourself and something larger than yourself.'"

Excerpt from Bloomberg -- "Uber needs to show investors, who have given the company a valuation of $62.5 billion, that it’s capable of turning a profit at home if it intends to sink more money into Asia, says Arun Sundararajan, a New York University business school professor. 'The expectations on when Uber will hit profitability have a shorter clock on them because Uber’s valuation is so high,' he says. 'Lyft has a little more runway.'"

Excerpt from Medium -- "Stern has a collaborative culture, and it has been great to see the creativity, business results, and relationships that can grow in that environment. One professor in particular has made a major impact on my leadership style — Dr. Dolly Chugh, in our Management department. Professor Chugh models leadership. She also encourages us to think big in terms of the jobs we take after Stern, and provides concrete tools to help us achieve that."

Excerpt from Bloomberg -- "Roy C. Smith, a finance professor at the New York University Stern School of Business and a former Goldman Sachs partner who started on Wall Street in 1966, said the attacks on the financial industry by Sanders aren't a surprise. Clinton's statements are drawing more attention as Sanders causes her to take more liberal stances. 'Bernie has said this stuff for so long, so we're not really surprised by him,' he said. 'Now Hillary is starting to say it. She has been increasing her rhetoric on the capital markets sector, which is making some people who are in it uncomfortable and squirming a little.'"

Students, academics and practitioners from the non-profit and business communities gathered at NYU Stern on April 14 for a discussion on “Big Data and Sustainable Development,” co-hosted by Stern’s Center for Sustainable Business and The Sustainability Practice Network.

NYU Stern’s Leadership Development Program welcomed Karen Peetz, BNY Mellon president and founder of its women’s network, for an interactive dialogue on diversity in business as part of the School’s Leadership Development Speaker Series.

Excerpt from Diabetes News Journal -- "Melissa A. Schilling, a strategy and innovation expert at the NYU Stern School of Business, conducted a large-scale literature review of published studies on the association between diabetes and Alzheimer’s disease. Despite conflicting reports, Schilling was able to find evidence linking insulin, insulin-degrading enzyme (IDE), and Alzheimer’s, suggesting that avoiding excess insulin, while supporting IDE robust levels, might be key approaches to prevent and lessen the impact of Alzheimer’s disease."
 

Excerpt from Bloomberg -- "Living wills could hamstring banks’ ability to easily move trading books or funding among their various legal entities, according to Brad Hintz, an adjunct professor of finance at New York University’s Stern School of Business. 'That’s the reason why the banks are being very careful about what they promise on this, because the very idea of a universal bank is that you can move everything around the world easily,' Hintz said in an interview on Bloomberg Radio. 'It’s a direct attack on the business model of the banks.'"

Excerpt from The Guardian -- "...the convenience of these pods comes with an environmental cost: they are typically made from partly- or un-recyclable plastic, which ends up in landfills. It’s something that is starting to weigh on consumers’ conscience, according to Tensie Whelan, director of New York University’s Center for Sustainable Business, and former president of the Rainforest Alliance. 'People love the convenience of the single serving, and they’re going to go for convenience over waste,' said Whelan. 'But most people feel guilty about it.'"

Excerpt from Poets & Quants -- "A former PwC consultant, Billings is described by students as a passionate and empathetic teacher who sets the bar high and inspires her classes to strive for greatness. The results speak for themselves: She was recently promoted to associate professor with tenure effective next academic year."

Robert Frank, research scholar at NYU Stern and the Henrietta Johnson Louis Professor of Management at Cornell University, delivered the 2016 Ashok C. Sani Distinguished Scholar-in-Residence Lecture on April 12.

Excerpt from Forbes -- "Selections are made by a team that includes both store buyers and MoMA curators. Both perspectives are important because the Store is considered as an integrated extension of the Museum that reflects the organization’s design philosophies."

Excerpt from The Wall Street Journal -- "And last month, two New York University real-estate professors, Jeanne Calderon and Gary Friedland, released a report that listed 27 major projects that have sought a total of $5.4 billion in EB-5 financing, including multiple large Manhattan-based developers like Tishman Speyer and Harry Macklowe. Nineteen are in New York or Miami, and these projects all come in addition to a similar-sized list the professors compiled last May."

In a new paper published by The Journal of Alzheimer’s Disease, Professor Melissa Schilling, a strategy and innovation expert at the NYU Stern School of Business, uncovers a surprising new connection between diabetes and Alzheimer’s disease: hyperinsulinemia, which is most often caused by prediabetes, early or undiagnosed diabetes, or obesity, is responsible for almost half of all cases of Alzheimer’s disease.

Excerpt from Poets & Quants -- "'Companies are facing these really complex issues of human rights, which are rooted in politics, geography, development and these really complex questions,' Labowitz explains in an interview with Poets&Quants. 'Companies are facing these questions all the time, but they’re not being addressed in business schools.'"

Excerpt from Foreign Policy -- "'We always knew that transnational accountability mechanisms don’t reach every single multinational corporation,' she said. 'But in the last 10 years, we [have seen] this explosion of companies where we have no leverage whatsoever.'"

Excerpt from Forbes -- "As Nobel laureate Michael Spence has argued, the internal growth of economies would never have reached today’s rates without the cross-border flows of resources, capital and technology."

Excerpt from Yahoo Finance -- "'The banks are under severe pressure from this digital intermediation, which could cause them to lose business to new competitors and cause assets to flow out of the banks into someplace not regulated,' says NYU’s Smith. 'For a long time these companies were just little pin pricks, but they can’t be ignored anymore.'"