Experience Stern | News & Events

Excerpt from People's Daily -- "The picture that emerges is not so daunting. We can have it all: good education, better health care, and even more orchestral performances. In exchange, we will not have to surrender food, clothing, shelter, or even less essential commodities such as comfortable vacations, unrestricted travel, and readily available entertainment. This is not merely naïve optimism but something we have already experienced. The galloping college tuition increases and exploding cost of hospital care since World War II have not prevented us from consuming these and other services and goods."

Excerpt from The New York Observer -- “'I don’t think any store goes in thinking that they’re going to lose money,' said Scott Galloway, a clinical marketing professor at NYU’s Stern School of Business. 'It’s more that a lot of retailers come regardless of whether they’re going to be profitable or not.'”

Excerpt from TODAY -- "'I believe it's very widespread,' said Priya Raghubir, a professor of marketing at NYU, who explained that seeing a sale sign has a psychological impact on a customer. 'You feel smart, you feel happy, you've got a great deal, and you feel special because you managed to get this deal,' she said. 'The stores are completely playing on our emotions.'"

Excerpt from Bloomberg Businessweek -- “'B-School is the perfect time to explore opportunities through clubs and project-based learning programs, or to consider creating your own,' wrote Lizzette Hernandez, assistant dean of of the Office of Student Engagement at NYU’s Stern School of Business, in an e-mail."

Excerpt from Institutional Investor -- "We have entered the New Abnormal, a period in which every market assumption must be questioned and the wise investor is prepared to be surprised."

Excerpt from Entrepreneur Magazine -- "'It's hard to put your hand into a car's engine when the car is still running, but that's what disruptive innovation is -- changing the way things are done before your business is backed into a corner,' said Williams, who spoke to a crowd of 800 business leaders at the World Innovation Forum in New York City last week."

Excerpt from Tucson Sentinel -- "“The idea that a corporation exists solely to make money is actually quite new,' explained Ralph Gomory, a professor of management at New York University...'Even in the early ’80s, you would be more likely to hear a CEO talking about his responsibilities to the country or to his employees than his duty to the shareholders.'”

Excerpt from Associated Press -- "In many cases, food products get their wholesome appearance because of the different or stripped-down ingredients companies are using to make them more natural, said Michael Cohen, a visiting assistant professor of marketing at NYU's Stern School of Business. But in other cases, companies are making tweaks just to achieve a desired look. 'Food manufacturers are adapting by the way they mold the product or the end color or texture they want the product to be,' he said."

Excerpt from CNN -- "Africa has all the foundations of what is needed to create a real vibrant luxury industry. We have the craftsmanship, we have the heritage, we have a very rich culture that doesn't date just 20 years but centuries, thousands of years of know-how and craftsmanship. So here is this continent where you have all the raw material, you have the know-how and also ancient know-how. The only link missing is that link to luxury."

Excerpt from BBC News -- "It's evidence of the deterioration of the finances of the national broadcaster and the amount of corruption that exists in the public sector in Greece."

Excerpt from the Financial Times -- "At New York University's Stern school, an Entertainment, Media & Technology specialisation can be taken as part of the MBA. The programme helps participants apply disciplines such as marketing and finance to the media and entertainment industries."

Excerpt from Financial Times -- "Stern’s revamped course – mandatory for second-year MBA students – examines ethics through the lens of moral psychology. The goal is not to wag the finger but to show how even those with the best intentions can face ethical traps. ... Prof Haidt says his students’ careers are like an epic 'hero’s journey' – one in which they will be severely tested and challenged. Students must 'recognise that there are societal forces impinging on [them] all the time', and that 'in the long run ethical behaviour and high professional standards do pay'."

Excerpt from New Zealand Herald -- "Academics Priya Raghubir and Joydeep Srivastava from New York and Maryland universities studied the specific mechanisms behind consumer spending according to payment mode and found that credit is treated as Monopoly money by consumers while spending cash reinforced the pain of paying."

Excerpt from Big Think -- "You have to marry the heart and the head. You have to be able to step back and frankly have the discipline to say, 'If we really want to help people we can’t just be driven by emotion.'"

Excerpt from The New York Times -- "The encouraging news is that the Affordable Care Act was intended to foster the evolution of a new system that can capture many of the gains currently enjoyed by countries like Sweden. For that to happen, however, Congressional critics must abandon their futile efforts to repeal Obamacare and focus instead on improving it."

Excerpt from Boston Globe -- "The amenities at SuperLux and similar movie houses represent an escalation in the competition, said Sam Craig, director of the entertainment, media, and technology program at New York University’s Stern School of Business. 'The market is segmented. People want a more elite experience,' he said. 'Theaters are finding ways to enhance the experience, but for a segment that’s willing to pay more.'”

Excerpt from The New York Times -- "Other environmental cues shape our actions because they subtly license us to behave badly. According to the heavily debated broken windows theory, people who are otherwise well behaved are more likely to commit crimes in neighborhoods with broken windows, which suggests that the area’s residents don’t care enough to maintain their property."

Excerpt from HuffPost Live -- "There is no doubt it was done for economic reasons. The state TV was not particularly critical of the government or there was no dispute between the state TV and the government so it was not a target of that sort. Now, it has to be clear that there is heavy unemployment in Greece, but the people who are unemployed are people in the private sector, not the public sector. The public sector is huge - hundreds of thousands of people, and it burdens the private sector so much that we have this very high unemployment. So no matter if this was done in the right way or the wrong way, there has to be a way for the public sector to be reduced in Greece. Otherwise there is no future for Greece."

Excerpt from News & Observer -- “'We’re only just scratching the surface on the marketing and sales potential in social media,' he said. 'Over the next five years, it’s probably going to grow tenfold, so certainly direct sales are going to be a part of it.'”

Excerpt from Inc. Magazine -- "'A complacent company isn't disruptive. At best, it's slow to change and stuck in the wrong behavior pattern,' said Luke Williams, author of 'Disrupt,' during the World Innovation Forum Thursday."

Excerpt from The Times of India -- "'In India, I couldn’t help but notice how women were sidelined even in domestic decision-making. However, I observed that one of my uncles treated women with dignity, which reflected in the language he used even when women weren’t around. What set him apart was that his wife was a working woman. I wondered how having a working wife as opposed to a stay-at-home one influences a man’s psychology?' said Desai, who co-authored the study with Dr Dolly Chugh of New York University’s Stern School of Business and Dr Arthur Brief at the University of Utah’s David Eccles School of Business."

Excerpt from BBC News -- "Many people worry that the way we've come out of the financial crisis is the governments in the United States and elsewhere have bailed out financial institutions which weren't even banks...insurance companies, money market mutual funds. So if those institutions now think that they're effectively insured, there's a danger that they're going to take... big risks, because essentially, they're gambling with the taxpayers' money. That's a badly designed system."

Excerpt from Poets & Quants -- "'We're looking for people who not only have high I.Q., but really high E.Q. and emotional intelligence,' Stern's Gallogly says. 'It can bring a candidate to life in a different way.'"

Excerpt from The Wall Street Journal -- "'The whole point of these plans is that if material events occur, as they inevitably will, the insider has an alibi against insider-trading accusations,' said David Yermack, a finance professor at the New York University Stern School of Business."

Excerpt from The Wall Street Journal -- “'We’re now at the end of the beginning of the process,' said Mike Posner, professor in the business and society program at NYU’s Stern School of Business and former assistant secretary of state in the Bureau of Democracy, Human Rights, and Labor, referring to the Guiding Principles broadly. 'Now the question is: what does this mean in very practical terms for specific companies, and how do you establish rules of the road in specific industries or countries?'”