Experience Stern | News & Events

Excerpt from Yahoo Finance -- "I think a big part of the competition for the next digital device is going to be those connections they make to physical, real-world retail, getting the stuff that you want. And while Apple is a leader in digital commerce -- they've got the music, they've got iTunes -- they're still lagging behind in preparing for a reality where these mobile devices, they're not just the thing you show off to your friend or the thing you use to manage your digital life, they are the things that we use to interact with the physical world."

Excerpt from CNBC -- "...their ability to do what American Express did with the black card and cement its position as the premier product with the iPhone X, I think it's just going to be interesting to see how cool and sexy and aspirational it is as they move towards quadruple digits for a phone and trying to cement their position as the luxury brand in tech."

Excerpt from Label & Narrow -- "While many might think that the internet is having a negative impact on labels and packaging, Serdari took the opposite approach. 'Everything happening online and through digital channels is affecting–in a positive way–how the field of packaging is evolving,' said Serdari."

Excerpt from Poets & Quants -- "Not only is the center centrally located — four blocks from the Capitol building and 15 minutes from the airport and Union Station — but it also allows the program’s structure and infrastructure to be entirely owned by NYU and Stern. That’s something Sundaram points to as an important factor in deciding to take the EMBA to a new region. He adds that the proximity from New York to Washington makes for relatively short commute for professors who teach in the program."

Excerpt from Bloomberg -- "We need a serious approach to address the skills gap. What I'd like to see, for instance... So we have $2.5 trillion sitting off shore, and we were talking about tax reform. ... Even if you said to U.S. firms, we're going to allow you to bring all those $2.5 trillion assets back tax-free, just a 5% charge, to fund a national skills development pool, that would give you a $250 billion endowment to begin thinking about seriously addressing the skills gap, for instance. I've seen nothing that bold on the table to really say that we're going to address the downsides of globalization."

Excerpt from Recode -- "'The logical next one would be Nordstrom,' Galloway said. 'It would be cheap, it’s in Seattle, they’re operationally very sound, it’s a great company and they’re [Amazon is] trying to establish relationships with high-end brands, which they have been unable to do.'"

Excerpt from The Real Deal -- "'They’ve been losing eyeballs,' said Robert Seamans, a professor at New York University, who in 2015 found that Craigslist cost newspapers $5 billion in classified ad revenue between 2000 and 2007."

Excerpt from Vogue -- "In a study published last year by the American Psychological Association, which examined how taking photos can affect experiences, results showed that, in many cases, photography can, in fact, boost the enjoyment of positive experiences by increasing one’s engagement. However, that may not necessarily be the case at the dinner table. 'There are limits. One is the distracting nature of the photo-taking that might come from the number of photos taken, or how bulky the photo-taking interface is,' explained Alixandra Barasch, an assistant professor of marketing at NYU Stern School of Business, who performed the study with two other professionals in her field."

Excerpt from the Economic Times -- "A 2014 article co-authored by Pankaj Ghemawat and Herman Vantrappen in Harvard Business Review pointed out that India’s share of expat CEO exports stood at 30% and imports at 3%. This is in sharp contrast to, say, the UK where CEO exports stood at 32% and imports at 42%. The study was based on Fortune 500 data for 2013."

Excerpt from Big Think -- "'These findings have important implications for consumers, educators, and businesses,' Prof. Barasch said. Educators should think about how they present information and what they want students to walk away with. Businesses can concentrate on the impression they want customers to leave with. And, 'Individuals may think twice now before pulling out the camera.' Now that we understand how picture taking affects us, we can better decide whether or not to snap off a photo, by how it’ll impact our experience and memory of it."

Excerpt from New York Magazine -- "All this local controversy, in turn, became a temporary focus of the roiling national debate over campus activism, free speech, and so on. NYU professor Jonathan Haidt, a leading figure in that conversation, wrote a statement defending some of Wax’s claims and arguing that 'collective actions' like the letters published denouncing Wax 'are only appropriate when colleagues have clearly and flagrantly violated their professional duties.'"

Excerpt from Barron's -- "Benchmark deviants can swing high—or low. Funds with high active share—the percentage of holdings that differ from the fund's benchmark index—tend to outperform, so long as managers pick the right securities. Yakov Amihud, a professor of finance at New York University's Leonard N. Stern School of Business, says his research shows that every 10% deviation from an index affects annual return by eight percentage points."
 

Excerpt from MarketWatch -- "'The CEO of Equifax said that the breach is "disappointing" when he should have said it is a disaster of no less consequence than a car manufacturer telling you your tires are defective and are putting you at grave risk,' Dhar, who studies cybersecurity and financial technology, said. 'This is NO different and it reflects an old-world CEO mentality of treating this as a technical problem instead of a business one.'"

Excerpt from Global Finance -- "With new designs representing less than 10% of jewelry sales last year, accelerating the pace of product innovation will be key. 'Conventional strategies will not work,' says Serdari. 'Bogliolo must be as daring as when he was Diesel’s CEO and as proud as the Bulgari family has been. Not a small challenge, even for someone as capable as Bogliolo.'"

Excerpt from Inc. -- "Government policy, Sundararajan said, should favor business models that treat workers less as footloose labor and more as microbusinesses. 'We should really encourage those platforms that are inducing the creation of tiny businesses, where people are making pricing decisions, they are making inventory decisions, they are merchandising, they are building a brand through the online reputation system,' Sundararajan said."

Excerpt from Nikkei Asian Review -- "In their book 'The End of Accounting,' professors Baruch Lev of New York University and Feng Gu of the State University of New York at Buffalo argue that stock prices are now about 50% determined by financial information such as profit and assets, compared with 80-90% until the 1980s."

Excerpt from Financial Sense -- "'We need to face these issues,' Sylla said. 'We do have to face up to some of these debt problems, and we've been lucky with these low interest rates... Maybe the outlook isn't so bad if we normalize interest rates and the economy keeps growing. I think that we would get back to more normal times instead of the interesting times we had for the last 40 years or so.'"

Excerpt from Bloomberg View -- "The authors look at historical episodes where competition increased -- an unusual wave of new companies in the 1990s, and increased Chinese competition in the 2000s. In each situation, industries where competition increased more also tended to invest more. Again, this is consistent with the story that market power is holding back the U.S. economy. Gutierrez and Philippon have another paper where they test eight different economic theories to explain falling business investment, and find that market power -- along with corporate short-termism -- is the most likely explanation."

Excerpt from CBC -- "Taxing robots is a particularly a bad idea in an era of low productivity growth, according to Robert Seamans, an associate professor of management at New York University. 'The existing empirical evidence suggests that robots boost productivity growth, so a tax on robots would limit that productivity,' he says."

NYU Stern welcomes new faculty for the 2017-2018 academic year.

Excerpt from Missoula Independent -- "David Yermack, a professor of finance at New York University and bitcoin expert, says mining companies have no special reason for secrecy beyond 'standard security concerns.' Mine locations are usually dictated by access to cheap electricity (in Project Spokane's case, power is supplied by the Séliš Ksanka Ql'ispé Dam, according to Northwestern Energy documents posted online). 'Knowing the location of a bitcoin mine would not be particularly valuable information, except perhaps to potential competitors who might move to the area and try to exploit the same cheap sources of electricity,' Yermack says."

Excerpt from IR Magazine -- "The number of listed companies in the US hit a peak of 7,428 in 1996. In 2015 that figure had fallen to 3,754, according to data from Alexander Ljungqvist, director of the Salomon Center for the Study of Financial Institutions at NYU Stern."

Excerpt from CNBC -- "'It continues to be a bet on the iPhone, with a great deal riding on how well the iPhone 8 does,' Aswath Damodaran, a professor of corporate finance and valuation at New York University's Stern School of Business, told CNBC in an email. 'If it does well, I think [Apple] will make the trillion dollar market cap,' he said. 'If the iPhone 8 does badly, all bets are off.'"

Excerpt from Cheddar -- "'I think by saying that, 'I want to go public in 18-36 months'...what Dara is doing is re-insuring investors... The choice of Dara is very clearly a signal that investors are serious about taking Uber rapidly to profitability.'"

Excerpt from WalletHub -- "'The buyer should take his/her time and not be rushed. Shop around -- this includes shopping for financing, which means visiting local banks, credit unions, etc. Ask lots of questions.'"