Experience Stern | News & Events

Excerpt from CMO -- "To withstand disruption, [Marciano] said that a company’s best bet is to “own” a particular market segment. In Wall Street parlance, that means having an economic moat—maintaining competitive advantages to protect long-term profitability and market share."

Excerpt from Bloomberg -- "This feels like a 'bet the ranch' strategy. If Yahoo doesn't work out, it's a rounding error for Verizon and people forget about it. AT&T really is: 'We're betting on content. We're going for something that's very aggressive that has a decent chance of regulator pushback.' This is a game-changing transaction."

Excerpt from Forbes India -- "Aswath Damodaran, professor of finance at Stern School of Business, New York University, sees companies as ‘stories’ and ‘numbers’. Story stocks normally have people at the centre. It is their passion that drives the decisions of the business. For example, Tesla Motors and Amazon became story stocks because these companies are totally entrenched in the personalities of Elon Musk and Jeff Bezos, their respective founders. But number stocks are not people-centric. There, the business environment and economics are at the centre."

Excerpt from MarketWatch -- "Millennials are a 'non linear' generation, says Galloway. 'They want what they want, when they want it. Especially media,' he says. 'They want to consume media on their own terms.' They hate the idea of letting networks or cable companies decide when a movie or sitcom is available. The investment play here? 'Netflix is the brand that embodies this trend,' says Galloway."

Excerpt from NBC News -- "'Any good candidate or nominee for the position, regardless of background, should have a really good understanding of these important functions and the self-confidence not to be bullied or pushed around by others with particular political agendas,' Sylla says."

Excerpt from The New York Times -- "'This is a big problem,' said Nouriel Roubini, an economist at New York University who was recognized for his early warnings about the 2008 crisis. 'There is no way to force those who are oversaving to spend more.'"

Excerpt from The Wall Street Journal -- "Setting banks up in countries around the globe now would have them ready, Mr. Romer said. 'If we get another financial crisis, which I think we probably will, a government like the U.K. or the U.S. would at least have the option to say, "We’ll just dump a bunch of equity into these existing shells."'"

Excerpt from Crain's New York -- "'There is a growing consciousness that family businesses are different and should be studied separately,' said Belen Villalonga, who teaches family business management at NYU’s Stern School of Business."

Excerpt from The Boston Globe -- "Joe Magee... found that when subjects role-played President Kennedy in the Cuban Missile Crisis, those who exhibited the most desire to control or impress others for their own benefit were also the most likely to escalate the conflict, and the least likely to deliberate."

Excerpt from The New York Times -- "By buying Time Warner — one of the most prestigious producers of television and film today, with brands including HBO, CNN and Warner Bros. — AT&T will suddenly become Comcast’s closest true rival. 'AT&T is trying to keep up with the Joneses,' said Robert Salomon, a professor at the New York University Stern School of Business."

Excerpt from US News & World Report -- "For the 2015 study 'What Happens Before? A Field Experiment Exploring How Pay and Representation Differentially Shape Bias on the Pathway Into Organizations,' lead author Katherine Milkman of the University of Pennsylvania, along with Modupe Akinola of Columbia University and Dolly Chugh of New York University, contacted more than 6,500 professors from 89 disciplines and 259 institutions with an email that differed only by the signature of the sender. In the email, a prospective doctoral candidate requests a 10-minute meeting with a professor to inquire about research opportunities."

Excerpt from Bloomberg -- "I think of this sort of as the Millennial merger. That is, what do Millennials want? They want content that is so outstanding that it doesn't need to be supported by advertising that they can consume it in a nonlinear fashion. And the distribution is simple: It's on a mobile device. And this merger would bring those two together. I actually like this a lot. I think these two companies together would be a juggernaut."

Excerpt from The New York Times -- "'Moral communities are fragile things, hard to build and easy to destroy,' Jonathan Haidt writes in his book 'The Righteous Mind.' 'When we think about very large communities such as nations, the challenge is extraordinary and the threat of moral entropy is intense.'"

Excerpt from TechCrunch -- "An article by Stephen Cecchetti and Kermit Schoenholtz analyzes the relationship between credit card default rates and unemployment rates. As expected, the article suggests a strong dependency — default rates are expected to increase by 0.55 percent for each 1 percent growth in unemployment."

Excerpt from Pacific Standard -- "I study morality, I identify as a social psychologist. But because I focus on a topic from multiple perspectives, I find that some of the best things I’ve read have been by historians, economists, anthropologists, and philosophers, especially those philosophers who have been reading empirical literature. I think of myself as a social scientist, almost as much as I think of myself as a social psychologist."

Excerpt from CFO -- "'What we are saying is that current financial reports don’t provide a clear guide with respect to the future. And that’s what we set out to change,' says Lev, referring to the book he wrote with Feng Gu, a professor of law and accounting at the University of Buffalo."

Excerpt from USA Today -- "'Until we figure out all the edge cases and train the cars to deal with them, this regulatory path will be slow,' he said. 'Sure, federal regulations will set standards for the brain of the car, but each city, state and local government can dictate what is on its roads. And cultural acceptance comes not just from the experience of the person driving, but the experience of the others on the road. We have to get comfortable not just with being in these cars, but having them around us, on our streets, near our schools.'"

Excerpt from The Wall Street Journal -- "'Any smart car manufacturer sees that as a possibility and is also thinking about their own on-demand, autonomous transportation network,' said Arun Sundararajan, a professor at New York University who has written about the sharing economy. 'In the early stages, allowing your cars onto someone else’s network reduces your ability to use your service.'"

Excerpt from Marketplace -- "Samuel Craig, director of NYU Stern’s Entertainment, Media and Technology program said online content producers have a big leg up when it comes to building and keeping audiences. 'Netflix’s advantage and Amazon’s advantage is that they’ve got lots of consumer data that give them insight into what people want to see,' he said."

Excerpt from MarketWatch -- "The authors devised a formula that predicts the frequency of large crashes in the stock market over long periods of time. They found that their formula had a remarkably accurate track record not only in the U.S. stock market, but also in foreign stock markets as well. That, in turn, led them to conclude that crashes are an inherent feature of the equity markets."

Excerpt from The Globe and Mail -- "The form of dominance we were looking at is more about confidence and assertiveness,' [Kilduff] said. 'You can intimidate your way to the top in a small group, but I’m not sure how relevant that is to explaining the popularity of a public figure."

Excerpt from CKGSB Knowledge -- "One of the things we found is that mobile coupons actually have the highest redemptions from the highest income group. ... This is very interesting because mobile marketing has often received some flak that it's not very profitable because it only attracts the lower income customers, but what we are seeing is that the highest income customers have the highest redemption probability."

Excerpt from The Wall Street Journal -- "Another conundrum: Stocks in the index become overvalued relative to those outside it. Jeffrey Wurgler, a finance professor at New York University’s Stern School of Business, has seen signs of this by comparing similar stocks that are or aren’t included in a basket."

Excerpt from the Associated Press -- "'Creditworthy firms in industries with a prevalence of zombie firms suffered significantly from credit misallocation, which slowed down the economic recovery,' wrote the four economists: Viral Acharya at New York University's Stern School of Business, Tim Eisert from Erasmus University Rotterdam, Christian Eufinger at IESE Business School in Barcelona and Christian Hirsch at the Goethe University in Frankfurt."

Excerpt from the Financial Times -- "[Henry] is adamant that financial services companies need to engage with the longer-term issues that preoccupy economists — such as income inequality — rather than just the more pressing matters that managers tend to focus on. In keeping with this mantra, NYU Stern is focusing fundraising on creating full scholarships for high-achieving, low-income students — the aim is to offer 200, up from 34 now. 'New buildings are wonderful, but we prefer to invest our resources in human capital.'"