Experience Stern | News & Events

The NYU Stern Salomon Center for the Study of Financial Institutions recently hosted its third annual conference to explore several controversial issues related to modernizing the sector. The conference included presentations from industry leaders and academics, such as Professors Matthew Richardson, John Biggs, Viral Acharya and Eric Dinallo.

The Ninth Annual NYU Stern-Citi Conference in Leadership & Ethics addressed the theme of “Social Innovation as a Transformative Economic, Social and Political Movement.” Organized by NYU Stern’s Citi Leadership & Ethics Program and Business & Society Program Area, with generous support from the Citi Foundation, the conference featured this year’s Distinguished Citi Fellow in Leadership & Ethics, Jeffrey Hollender, co-founder of Seventh Generation.

Excerpt from The Wall Street Journal Japan -- "Mr. Foudy ironically, currently, China also have the same problem. Both in the U.S., even if it has a bachelor's degree, many low-skill workers, fewer personnel he experienced moderate skill and technical knowledge. Company would have no choice but to increase the investment in vocational education and training. In any case, the story of the long-term in the span 10 to 20 years (Translated from Japanese) ."

Excerpt from The Huffington Post -- "Philippon's conclusion -- based on an analysis of the financial sector's output in recent decades, as well as what its workers have been collecting in profits and wages -- is that high finance is highly inefficient."

Excerpt from Women's Wear Daily -- "Galloway said publishers should be spending more with Facebook because it’s the least expensive way to target a young, affluent audience."

Excerpt from The Wall Street Journal -- "Tom Pugel, vice dean for MBA and executive programs at Stern, said the program should appeal to doctors-in-training who seek to manage a hospital or medical organization, as well as those who will need to oversee the business side of their own small practices, or medical professionals with an interest in working for a pharmaceutical company or in consulting."

In March, MBA students had a chance to bowl with President John Sexton and Dean Peter Henry at Bowlmor Lanes.

With an increasing demand on physicians to manage both patient care and the business of medicine, NYU School of Medicine and NYU Stern School of Business now offer an MD/Master of Business Administration (MBA) dual degree program.

Excerpt from InformationWeek -- "I see it as a move where Google is reducing its own risk. But I'd like to see them be more forthright in spelling out what they will and won't do with customer data."

Excerpt from The Atlantic -- "Health care and government alone accounted for 40 percent of that growth, according to economist Michael Spence."

Excerpt from IR Update -- "Over the years, listening to corporate executives and observing what they do, I have concluded that many are captive to a web of misperceptions about the workings of capital markets."

Excerpt from SmartMoney -- "'A high-end restaurant will charge $32 for a steak because it makes it seem more luxurious than a steak for $31.99,' [Morwitz] says."

Excerpt from NPR -- "In 'The Righteous Mind,' Jonathan Haidt ... a moral perspective, he argues, is a feature of our evolutionary design. Morality has made it possible for human beings — unlike any other creatures — to forge large, cohesive, cooperative groups."

Excerpt from MarketWatch -- "'Those numbers are just cash bonuses, but you don’t have the full compensation,' said Xavier Gabaix ... 'The comptroller should absolutely report deferred compensation. Otherwise, it’s hard to interpret the results.'"

Excerpt from Reuters blog -- "Thomas Philippon, a professor at New York University, has shown that the share of U.S. national income dedicated to finance has fallen only slightly since the crisis, when it was at its highest since records began in 1865."

On February 28, NYU Stern’s Luxury & Retail student club co-hosted a special guest lecture with IBM, “Retail 2020: Reinventing Retail Once Again,” featuring Professor Herb Kleinberger and Chris Hendren of IBM Global Solutions. The lecture corresponded with the global launch of the paper, "Retail 2020: Reinventing Retail Once Again" (a joint project between NYU Stern and IBM).

To more formally prepare MBA students with the strategic and analytical skills to guide organizations navigating a digital world, NYU Stern has launched a Digital Marketing specialization. Starting in spring 2012, students have the opportunity to focus their studies on a mix of marketing and information systems (IS) courses that will equip them with the knowledge to create value in an increasingly complex and changing digital world.

Excerpt from NBC -- "Even if there is no price promotion on items on an end-of-aisle display, many consumers assume there is."

Excerpt from WIRED -- "The secret, it turns out, is the presence of particular meta-ideas, which support the spread of other ideas. First proposed by economist Paul Romer, meta-ideas include concepts like the patent system, public libraries, and universal education."

Excerpt from New York Post -- "'We were getting signals from employers that they would like people trained in this area - those who can think strategically in the digital world and who have the skills to deal with the challenges that come from kind of data that this world generates,' says Dhar."

Bill Drayton, founder & CEO of Ashoka, a nonprofit organization supporting the field of social entrepreneurship, spoke to MBA students about “How to Lead in an ‘Everyone is a Changemaker™’ World,” through NYU Stern’s Leadership Luncheon Series.

Excerpt from BBC blog -- "Nouriel Roubini thinks the oil price spike out of the Arab revolts could push the world economy into stagflation. There is also the risk that currency war breaks out into open trade war."

Excerpt from The Wall Street Journal -- "By sharing information with the market, companies reduce investor uncertainty and prevent stock prices from swinging wildly upon unexpected bad news."

Excerpt from The New York Times -- " ... evidence of managerial bias is provided by a recent comparison of the investment behavior of otherwise similar public and private companies between 2001 and 2007 by the economists John Asker, Joan Farre-Mensa, and Alexander Ljungqvist, published by the National Bureau of Economic Research."

Excerpt from The Wall Street Journal -- "In a paper with Xavier Gabaix and Tomasz Sadzik of New York University and Yuliy Sannikov of Princeton, we show that optimal compensation packages involve long vesting periods."