Experience Stern | News & Events

Excerpt from San Francisco Chronicle -- "The survey results 'underscore that schedule flexibility and work-life balance will be critical for the workforce of the future,' said NYU business professor Arun Sundararajan, who studies the on-demand economy. He thinks that about half of workers will be free-lancers over the next decade, either exclusively or for supplemental income."

Excerpt from Institutional Investor -- "In reality, the market is just inefficient enough to allow skillful, hardworking active investors compensation for their efforts, costs and risks, but that’s the extent of the inefficiency. The market is just inefficient enough to reward skill, but efficient enough to discourage any more active investing than that."

Excerpt from Bloomberg -- "Romer's mathiness eruption…it’s about the role of math in economic theory. Romer says that in the new, debased culture of macroeconomics, 'empirical work is science; theory is entertainment.'"

Excerpt from Financial Times -- "'I think that Barclays is just the tip of several fines on Isdafix. Isdafix may become very large, as swaps are a very large market too. Maybe fines will not be bigger than the foreign exchange fines, but I expect they could still be very big,' says Rosa Abrantes-Metz, managing director of Global Economics Group, an economic analysis company."

Excerpt from Clear Admit -- "...Stern this year expanded 'allyship'—a concept promoted within the LGBTQ community of inviting straight peers to serve as allies to LGBTQ community members—to be inclusive of all community members, a first among business schools. As part of Ally Week in April, a full 75 percent of the student body signed the Ally Pledge, promising to serve as allies to one another. 'The Ally Pledge historically has been LGBTQ-specific,' says Hurnyak. 'We changed it so that it includes all people and calls for a promise to respect everyone, making Stern a safe space for everyone.'"

Excerpt from Fort Worth Star Telegraph -- "Having researched gender stereotypes in the workplace for more than a decade, we believe what needs to happen is a change in the way gender is discussed in order to facilitate progress toward gender equality."

The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Thursday, May 21, 2015 at the Theater at Madison Square Garden.

Excerpt from Financial Times -- "My brief time in the country challenged my Western perspective and broadened my worldview in important ways. It’s inspiring to visit a place where people govern their lives differently from the way you govern your own. You not only begin to understand the nuances of their culture but you become sensitive to their unique customs and norms—sometimes even leading you to question why things are the way they are in your own culture. In essence, this is what emotional intelligence (EQ) is all about: bridging differences, building empathy and growing self-awareness."

Excerpt from SFGate -- "The survey results 'underscore that schedule flexibility and work-life balance will be critical for the workforce of the future,' said NYU business Professor Arun Sundararajan, who studies the on-demand economy. He thinks that about half of workers will be freelance over the next decade, either exclusively or as supplemental income."

Excerpt from Bloomberg -- "I think this settlement will show that authorities are serious about deterring future behavior. I think that part of changing future behavior is also a lot of the changes that have happened with respect to how benchmarks are set. The reality is that benchmarks are easy targets - they're very easy to manipulate, nobody was looking, and the gains were humongous."

Excerpt from Bloomberg -- "'It is likely Barclays is just the first bank' that will settle the ISDAfix charges, said Rosa Abrantes-Metz, an adjunct professor at New York University’s Stern School of Business who is serving as a consultant on a civil lawsuit against the banks related to ISDAfix. 'I studied the likelihood that actual collusion between the banks occurred and the empirical evidence supports that.'"

Excerpt from CNBC -- "The three previous agreements with the lenders, while leading toward a balanced budget and solving fiscal deficits, implemented very few of the microeconomic reforms that would guarantee Greece becoming competitive and eventually not needing any more loan help. At the signing of its fourth loan agreement, it is high time to learn from the mistakes of the previous three and stress the micro rather than the macro part of the program."

Excerpt from Project Syndicate -- "There is plenty of incentive for countries to collaborate, rather than using trade, finance, monetary policy, public-sector purchasing, tax policy, or other levers to undermine one another. After all, given the connectedness that characterizes today’s globalized financial and economic systems, a full recovery anywhere is virtually impossible without a broad-based recovery nearly everywhere."

Excerpt from VICE -- "Greek economist Nicholas Economides, a professor at the Stern School of Business in New York, said leaving the Eurozone would have as severe consequences as the 1919-1922 Greco-Turkish war. 'We're talking about an enormous bank run as a result, no confidence in the new currency, poverty much worse than we've already seen, lack of basic items such as medicine and petrol,' ... Nobel Laureate Thomas J. Sargent, the summit's keynote speaker, told VICE News Greece was a key factor in what would happen next with Europe's single currency. 'Greece is right at the center of destiny of the Euro, not whether it survives but what it will look like as it survives,' he said."

Excerpt from Fox Business -- "It's no longer a case of yes, Strategy A is the right direction...investors want to know that you can not only do Strategy A but you can do B, C, D or E or any combination of that if circumstances change. The problem is Yahoo hasn't put that vision out - nobody really knows how they're going to play out..."

Excerpt from The Huffington Post -- "You wouldn't know it from the record low level of government bond yields, but much of Europe lives under a severe debt burden. Nonfinancial corporate debt exceeds 100 percent of GDP in Belgium, Finland, France, Ireland, Luxembourg, Netherlands, Portugal, and Spain. And, gross government debt (as measured by Eurostat) is close to or exceeds this threshold in Belgium, France, Greece, Ireland, Italy, Portugal and Spain."

Excerpt from Ozy -- "Most professions worth their salt require certification, reasons NYU Stern Business School professor of management Anat Lechner. Yet people in management, who 'control, very often, many resources — and can influence pretty much everybody in society, directly and indirectly — don't.' She adds, as we all know too well, that 'one bad manager can ruin the lives of pretty much everybody underneath them.'"

Excerpt from Poets & Quants -- "And now a new opportunity is coming, that will prepare college graduates in one year to enter the field at the high levels a CPA certification confers. New York University’s Stern School of Business has just announced a new one-year master’s degree in accounting, which will satisfy the education requirements to become a CPA in New York and many other states. In recent years, increasing regulations on business have spurred rising demand for CPAs, says Thomas Pugel, Stern’s vice-dean of MBA programs."

Excerpt from Forbes -- "Here are my top picks for pioneers embracing new forms of technology at retail, to differentiate themselves among digitally savvy target audiences. In so doing, they’re better meeting consumer needs such as product customization, or quality and speed of service and payment."

Excerpt from USA Today -- "April Klein, a professor of accounting at New York University’s Stern School of Business, said the money spent to keep Peltz off the board will benefit the company in the long run because it forced DuPont to review strategies to increase its stock price. She noted the proxy campaign’s $15 million cost is only a small percentage of DuPont’s $66.7 billion capitalization."
 

Excerpt from The New York Times -- "Research from Thomas Philippon of New York University suggests the United States financial industry has become less efficient over the last 130 years at channeling capital toward productive use. And this same phenomenon may be a major contributor to rising inequality."

Excerpt from The Washington Post -- "These divergent perspectives on the Pew survey are connected to larger narratives that frame how conservative and liberal Christians in the United States see themselves. In 'The Righteous Mind,' Jonathan Haidt describes the different 'stories' that arise, depending on whether you lean to the left or right politically. Though he has written primarily about 'liberals' and 'conservatives' from a political standpoint, I find his analysis easily applies to 'liberals' and 'conservatives' within Christianity also."

New York University Stern School of Business has announced a new one-year, full-time Master of Science in Accounting that will begin accepting qualified college graduates to start in the fall semester 2016. This program will satisfy the 150-credit-hour education requirement needed as a prerequisite for New York State’s Certified Public Accountant (CPA) certification. The MS in Accounting provides a thorough foundation for careers in accounting, including attestation and assurance services, as well as taxation and forensic accounting.

Excerpt from Poets & Quants -- "A prolific leader and volunteer, Meacham serves as president of Stern’s Association of Hispanic and Black Business Students (AHBBS), Chair of the Diversity and Inclusion Council in Stern’s Student Government, and Vice President of Marketing and Logistics for Stern Speaks. During her time, she has helped host case competitions, speakers, discussion panels, and charity auctions. Meacham was also the recipient of the President’s Service Award, which recognizes students who make significant impact in the areas of learning, leadership, and quality of student life." Full article: http://bit.ly/1JtHFCH

Excerpt from The Wall Street Journal -- "There are several approaches to estimating where it stands at any given time, including surveying investors and looking at the historic relationship between stock and Treasury returns. An alternative method involves using expected future cash flows from stocks, as Stern School of Business professor Aswath Damodaran has done in the model he has made available on his website. According to this, the S&P 500’s equity-risk premium as of the end of April was 5.8 percentage points, which counts as one of the higher readings in data going back to 1960. On that basis, it seems like there is a sizable cushion between still very low yields on Treasurys and the stock market’s expected returns. In other words, stocks don’t look so expensive on this basis."