Experience Stern | News & Events

Thanks to the generosity of NYU Trustee Larry Silverstein, Arts ‘52, New York University Stern School of Business has established the William R. Berkley Scholars Fund, and provides $1 million endowed scholarship to support high-achieving, low-income students admitted to the Undergraduate College.

Excerpt from TopMBA -- "'The financial results of companies that operate in the luxury sector have piqued MBA students' interest. Many more people wish to understand why is it that these companies can weather most financial crises practically unscathed,' reflects Thomaï Serdari, a professor specializing in luxury brands at NYU Stern. She notes that after the school introduced the specialization, there was increasing interest in high-end product development across the board – quality and prestige, it seems, will always out."

Excerpt from The Washington Post -- "Scott Galloway, a professor at NYU's Stern School of Business, said that tech companies 'age in dog years, so the founders are usually still alive. By the time a [consumer-packaged goods] company goes through maturity and decline, they're talking to the grandkids. Some of it is just the pace of the lifecycle.'"

Excerpt from China Radio International -- "I would characterize the response to the negative interest rates as relatively tepid, if you will. The stock market did not jump up as a reaction to that January 29th move, and actually, if anything, the currency strengthened, which is a little unusual to see with the cut in interest rates."

NYU Stern’s Center for Sustainable Business, VICE Media and Collectively co-hosted the Future Jobs Fair on Wednesday, March 30. NYU and Stern students had the opportunity to share their ambitions on the future of work, design their perfect job of the future, and gain insights and skills into what the world of work will look like. 

Excerpt from Bloomberg -- "Well, we follow this in a high frequency way. We have a way of doing our own little stress test that we do for about a thousand banks around the world every week. So we can follow what's happening--how's the capital adequacy look for these banks? And actually you can see it on the Internet on V-Lab. So what do we see? What we're seeing is that Europe has improved its balance sheets moderately. It's particularly true in Germany and Italy. But France and UK have stayed pretty flat, and we're not seeing much improvement there."

Excerpt from Medium -- "You have to see politics as occurring at multiple levels simultaneously. Just as at a university we’ve got psychologists studying individual experiences, we’ve got neurologists studying neurons, we’ve got political scientists and sociologists studying emergent phenomena, that’s what you have to do to study politics. If you look at the history, if you look at the higher‑level constructs, yeah, it’s bizarre what’s happening. It’s unprecedented, and people expected the past to predict the future. But what if the emerging social constructs of the Republican Party have been getting progressively out of tune with the moral intuitions and the psychology of the voters? I think that’s what we have seen happening."

Today New York University Stern School of Business announced the establishment of The Marie-Josée and Henry R. Kravis Family Scholarship, made possible through a $1.8 million gift from The Marie-Josée and Henry R. Kravis Foundation. This scholarship will support high-achieving, low-income students who are admitted to Stern’s Undergraduate College for Fall 2016. Recipients will be known as The Marie-Josée and Henry R. Kravis Scholars.

Excerpt from Marketplace -- "'Smartphone gaming doesn’t make nearly as much profit margin,' said Melissa Schilling, a professor of management and organizations at NYU’s Stern School of Business who focuses on technology strategy. 'It doesn’t mean that Sony can’t be successful in this market, but it’s going to have to work a lot harder at it.'"

Except from The Guardian -- "'GMOs is not a topic front and center for the consumer to begin with, in spite of the lobbying,' said Taparia. 'The fact it’s happening across so many brands at the same time, it’s probably going to take the wind out of the sails of the non-GMO movement.'"

Excerpt from Bloomberg -- "I think Wall Street's so used to companies feeding analysts performer numbers, Pro Forma EBITDAs. 'Trust us. We're going to add this stuff back. Whether it is restructuring expenses, stock-based compensation, it's going to go away.' And analysts take companies at their word. Companies are going to keep feeding them numbers and Valeant in a sense has taken advantage of that. So when analysts complain about being taken to the cleaners, my response to them is you got what you deserved. Because I think they did exactly what analysts wanted them to do for a while and now it's blowing up in their faces." 

Excerpt from Bloomberg -- "Like the taxicab industry before it, the ride-hailing business can lend itself to guerrilla tactics... 'You put all these together, and the street fighting isn't hugely surprising,' said Arun Sundararajan, a professor at New York University's business school."

Excerpt from TIME -- "Polls are close but swinging toward exit. The danger is that with the public divided, the passion of the anti-Europe side will carry the day. The cold economic logic favoring remaining in the union won’t do much to excite voters who are seeing constant headlines about how Europe is falling apart. Prime Minister David Cameron has acknowledged as much, saying this month that his biggest concern was low voter turnout for the 'in' campaign."

Excerpt from Forbes -- "Accelerators serve an important need for startups that may have great, viable ideas but lack the diversity of expertise to pull them off and maximize their potential. Accelerators serve important roles for existing companies, infusing them with new perspectives, an entrepreneurial spirit and providing cutting-edge learning through mutual problem solving."

Excerpt from ValueWalk -- "Most mathematical articles in peer reviewed academic finance journals suffer from lack of model specificity, failing either to properly define terms or to specify exactly what they are trying to prove, or drawing conclusions in ordinary language that aren’t warranted by the mathematics. In these respects, they resemble more what economist Paul Romer has called mathiness than real mathematics." 

Excerpt from BusinessBecuase -- "'The potential appears to be enormous. Most of the large banks and other financial record-keeping institutions are looking closely at the technology,' says David Yermack, chair of NYU Stern’s finance department. 'It may turn out to be as important as the advent of double-entry bookkeeping in the Renaissance.'"

Excerpt from US News & World Report -- "NYU's Stern School of Business has created a series of market-specific courses, for example, by partnering with business schools in 25 countries that provide course materials used for the semester and host students for one- or two-week trips."

Excerpt from Project Syndicate -- "Over the last 35 years, Western democracies have seen a rapid rise in political instability, characterized by frequent shifts in governing parties and their programs and philosophies, driven at least partly by economic transformation and hardship. The question now is how to improve economic performance at a time when political instability is impeding effective policymaking."

Excerpt from BusinessBecause -- "Roy Lee, assistant dean of NYU Stern’s MS in Business Analytics, says students see the curriculum as an opportunity. 'They looked within their own organizations and saw companies that claimed to be analytical but that weren’t taking full advantage of business analytics to fuel future growth,' he says."

Lord Mervyn King, former Governor of the Bank of England, Baron King of Lothbury, Alan Greenspan Professor of Economics, and Professor of Economics and Law at NYU, addressed students, faculty and alumni from NYU Stern and NYU School of Law during a fireside chat on his new book The End of Alchemy: Money, Banking, and the Future of the Global Economy this March.  

Excerpt from Marketplace -- "[Alter] said plenty of people want to leave reviews, 'especially if they're really really happy or really really unhappy.' Alter said companies use this feedback in different ways. 'So some will just use the numbers as a threshold just to help them make very broad personnel decisions,' Alter said 'Others might even tie compensation to the numbers.'"

Excerpt from MarketWatch -- "I think that, in Europe particularly, and increasingly now in China and probably other emerging markets, that the bank system is a lot weaker than people would like to feel it is and we should be concerned about that because we haven’t made the fundamental reforms to banking that I think are necessary to mean that we are immune from bank runs. And a loss of confidence in the banking system in another part of the world will impact back on us. One of the things I do feel is that people in the United States often do not give sufficient weight to the impact of what’s happening in the rest of the world. It feeds back on the U.S."

Excerpt from Fortune -- "Such regulations level the playing field of competition between the cable company and the streaming services. The big beneficiaries are the consumers who will end up paying only for what they watch, and paying much less. Expect millions to cut the cable cord. And innovation will finally reach the cable TV world." 

Excerpt from BusinessBecause -- "Applications to these programs have surged. Stijn Van Nieuwerburgh, director of NYU Stern’s Center for Real Estate Finance Research, says: 'The tangibility of real estate assets differentiates it from finance in a way that many students find very attractive.'"

Excerpt from WPIX -- "This is just the beginning, as an economist at the NYU Stern School of Business pointed out. 'They've got a lot of catching up to do,' Lawrence White said about Cuba's economy in an interview with PIX11 News. '[Cuba will] achieve bigger gains. [But] to the extent that Americans want to spend leisure time' in Cuba, and in other ways that Americans want to take advantage of their neighbor to the south, 'It's not a zero sum game, that's for sure,' White said."