Experience Stern | News & Events

Excerpt from Yahoo Finance -- "Steven Altman, NYU Adjunct Assistant Professor joins the On the Move panel to discuss the impact on COVID-19 on globalization."

Excerpt from European CEO -- "Gavin Kilduff, an associate professor of management and organisations at the New York University Stern School of Business, has spent years studying why rivalries develop and how they affect decision-making. He’s discovered that a bit of healthy competition is no bad thing. 'Rivalry can absolutely serve to increase motivation and productivity,' he told European CEO."

Excerpt from Adweek -- “'This is not the first time that this kind of issue has come up, and it wont be the last,' said Lawrence White, professor of economics at NYU’s Stern School of Business, who previously served in the antitrust division of the DoJ. 'All it takes is one major antitrust authority to say, ‘We see a problem,’ and the merger is dead,' White added."

Excerpt from Bloomberg -- "NYU Stern School of Business Professor of Business Aswath Damodaran examines the European equity market in light of the European Union’s stimulus package worth 750 billion euros ($860 billion)."

Excerpt from Vox -- "American ethos has long rested on meritocracy, the belief that entrepreneurial success and corresponding upward mobility depend solely on the ability to work hard and hustle. 'Some of the greatest entrepreneurs and successful business people started poor,' says Ari Ginsberg, a professor of entrepreneurship and management at NYU Stern School of Business. Ginsberg and others believe the key to success lies in the ability to bootstrap, or be resourceful enough to secure loans, venture capital, office space, and whatever else you might need to launch. There’s also an intangible 'it” factor; it helps to be seen as “someone who has the tenacity, the ability, the capability to do all the things you need to do,' Ginsberg says."

Excerpt from BNN Bloomberg -- "Edward Altman, NYU Stern School of Business professor and creator of famed Altman-Z-Score model for bankruptcy prediction, joins BNN Bloomberg to discuss the rise of corporate bankruptcies and the need for firms who file for insolvency must have a strategy for restructuring."

Excerpt from The Philadelphia Inquirer -- "That is the most appalling part of the report,' notes Michael Posner, the former assistant secretary of state for democracy, human rights, and labor under President Barack Obama. 'Look at Xinjiang, Hong Kong, Hungary, the Philippines, and Saudi Arabia,' Posner told me. Indeed, the list goes on and on of places where Trump has failed to raise human rights issues with autocratic leaders he favors, even as he critiques such violations in countries he dislikes, such as Venezuela, Iran, and Cuba."

Excerpt from Adweek -- "Big Tech has negotiated rules and engagement that favor them. It weakens the entire experience, or makes the experience less effective or less revealing. It’s safety in numbers. They shouldn’t have done all four at the same time. To call in all of Big Tech is a bit reductionist—the issues facing Apple are different than the issues facing Facebook."

Excerpt from Reuters -- "'This is an exciting development--financial institutions need to better assess the emissions associated with their financing and Morgan Stanley, together with the other financial institutions engaged in the initiative are working toward developing a common methodology which will enable transparency and accountability,' said Tensie Whelan, director of the NYU Stern School of Business's Center for Sustainable Business."

Excerpt from Business Insider -- "Entrepreneurship, in particular, is predicated on the practice of identifying customer needs and solving them with some heightened level of e ciency. As COVID-19 has dramatically altered the needs of customers and the abilities of businesses, entrepreneurship professors have been taking notes and amending their curriculums. Business Insider spoke with Ari Ginsberg, a professor of entrepreneurship at New York University's Stern School of Business, to finnd out how he is tweaking his syllabus to reaect the changing nature of entrepreneurship.

Excerpt from Bloomberg -- "Still, it’s worth reverting to Ron Chernow’s biography, on which Miranda's musical was largely based, as well as to the leading historian of early American finance, Richard Sylla, to get the details right. Hamilton himself was a serious student of financial history, and had drawn the correct conclusion that the U.S., heavily indebted after winning its War of Independence, needed to 'restore public credit' by establishing a consolidated public debt, consisting mostly of long-dated bonds, on the British model."

Excerpt from The Local Maximum podcast -- "Max checks in with Kristen Sosulski, NYU Professor and Author of Data Visualization Made Simple. They discuss some of the basic principles of data visualization, and some common approaches and pitfalls."

Excerpt from Cheddar -- "Vasant Dhar, professor at NYU Stern's Center for Data Science and founder of STC Capital Management, discusses the risks of 'easy' day-trading and how young investors can be smart about their choices."

Excerpt from New York Magazine -- "I think Peacock is going to struggle. First of all, it’s late to the game. A lot of people have spent a lot of money and a lot of time and are … I don’t want to say they’re sated on content, but content consumption has gone up dramatically during the pandemic. Peacock does have some unique attributes. One is that it believes — and is probably correct — that the whole world can’t go to subscription, that there is a large market for people who are fine with advertising for free. But I think its pricing strategy is confusing."

Excerpt from MarketWatch -- "Those companies include Pinterest Inc. PINS, -0.20%, Slack Technologies Inc. WORK, -0.44% and Snap Inc. SNAP, 1.05%, companies that have already written off future potential tax credits — tax credits they received because of ongoing losses — because they have no idea if or when they will ever be profitable. This is a conservative accounting practice, said Zarowin of NYU, because the companies have chosen not to recognize a potential asset."

Excerpt from HBR -- "A study of virtual workers conducted by Caroline Bartel of the University of Texas at Austin, Yale’s Amy Wrzesniewski, and New York University’s Batia Wiesenfeld that was published in 2011 found that when only some employees are virtual, those who are — regardless of their tenure — tend to feel left out and less respected, and identify with the organization less, than those who perform their jobs in the office. But this time around, virtual workers are no longer the odd ones out. Members of teams and organizations have had to come together to form new norms, create a common language, and build a new culture."

Excerpt from Bloomberg -- "The change is shaking up annual meetings at a time when stockholders are demanding more transparency. As issues such as employee diversity take center stage, online gatherings can bolster participation -- providing tech glitches don’t get in the way -- but at the expense of getting to grill management face-to-face. Increased attendance 'may make it easier to get things through that otherwise might get held up,' said David Yermack, a professor at New York University."

Excerpt from Bloomberg -- "The New York University professor who developed one of the best-known formulas for predicting corporate bankruptcies has a warning for U.S. credit investors: this year’s spate of “mega” insolvencies is just getting started. More than 30 American companies with liabilities exceeding $1 billion have already filed for Chapter 11 since the start of January, and that number is likely to top 60 by year-end after companies piled on debt during the pandemic, according to Edward Altman, creator of the Z-score and professor emeritus at NYU’s Stern School of Business. Global firms have sold a record $2.1 trillion of bonds this year, with nearly half coming from U.S. issuers, data compiled by Bloomberg show."

Excerpt from Luxury Daily -- "'Some of the capital that would have been spent on French brands may now shift to Italian brands,' Ms. Serdari said. 'There are a few contenders in that group, specifically Prada, Bottega Veneta and Dolce & Gabbana, for example.'"

Excerpt from Business Insider -- "From March 2 to May 2, toilet-paper sales were up 71% year over year in the US, making it the most purchased item at grocery stores across the country. And sales might have kept rising if it weren't for empty shelves, both in real life and on Amazon. Along with the US, a run on toilet paper happened in Norway, Hong Kong, Singapore, and Australia. But in other countries, toilet paper wasn't the hot commodity. In India, people bought up wheat flour. In China, it was a run on rice. Raghubir: 'It is whatever makes you comfortable. It's something that will last, and it won't spoil.'"

Excerpt from Bloomberg -- "'There’s a lot of delirium,' said Aswath Damodaran, a professor at New York University’s Stern School of Business. “Each company is looking up the ladder: Tesla is the next Amazon, Nikola is the next Tesla, and so on.' Damodaran said he doubts that each new entrant will be able to pull off their growth projections and that the electric-vehicle market is not big enough for every one of the companies to succeed. 'We are all now reaching for a dream,' Damodaran said, 'and that’s not the way to invest.'”

Excerpt from The Washington Post -- "Among the data points I’ve noted before: Over the course of the past century, immigrant scientists helped revolutionize U.S. science and innovation, as documented in a study of patent records by economists Petra Moser, Alessandra Voena and Fabian Waldinger. Today, more than half of the most highly valued U.S. tech companies were founded by immigrants. Related research by economist Britta Glennon suggests that making the U.S. skilled-immigration system more restrictive ends up pushing jobs and innovation outside the United States."

Excerpt from Salon -- "'Flying in the face of meritocratic prescriptions, evidence of privilege threatens recipients' self-regard by calling into question whether they deserve their successes.' Dr. L. Taylor Phillips, a professor of management and organizations at New York University Business School, and co-author Dr. Brian S. Lowery, a professor of organizational behavior at Stanford University, wrote in their study. 'Evidence of class privilege demonstrates that many life outcomes are determined by factors not attributable to individuals' efforts alone, but are caused in part by systemic inequities that privilege some over others.'"

Excerpt from Forbes -- "The fact is that many COBOL programmers–who come primarily from the Baby Boomer generation–are retiring. There is also the issue that the language is no longer taught in schools. 'Very few folks are learning COBOL,' said Navin Manglani, who is a professor of technology at the NYU Stern School of Business. 'But as long as legacy systems stay around, there will always be a need for COBOL programmers.'"

Excerpt from The Advocate -- "Sometimes it's a more complicated story than, 'Oh, any company ought to get a premium,' said Lawrence White, professor of economics at New York University at the Stern School of Business. 'When Company A wants to buy Company B, almost always there will be a premium that Company A offers over the pre-announcement share price,' said White, who has been in academia for more than 40 years."