Faculty News

Professor Scott Galloway highlights Starbucks' crisis response

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Excerpt from the Financial Times -- "Starbucks’ actions — responding quickly, making its chief executive visible, engaging widely and pledging action — were a 'textbook case study on how to handle a crisis', says Scott Galloway, a marketing professor at New York University’s Stern School of Business. 'Can you imagine Facebook closing its service for a day to examine all the content?'"
Press Releases

NYU Stern Executive Education Hosts SRW&Co.’s ASEAN Global Leadership Program in NYC

Participants with the SRW&Co Chairman and Partner and Co-Academic Directors
Executives from the ASEAN region convened in New York for a weeklong program on globalization, innovation, entrepreneurship and leadership.
Faculty News

Professor Lawrence White comments on Wells Fargo's $1 billion fine by the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency

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Excerpt from The New York Times -- "'The Wells activities are so egregious, they are unique,' said Lawrence J. White, a professor at New York University’s Stern School of Business. 'I don’t think this tells us one way or the other about the future direction of the C.F.P.B.'"
Faculty News

Professor Nouriel Roubini comments on French president Emmanuel Macron's plans for fiscal reform

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Excerpt from The New York Times -- "Until eurozone countries like France, Greece, Italy and Portugal 'have done enough fiscal austerity so that public debt is sustainable, and do enough reform so that their potential growth approaches that of Germany,' Berlin will hesitate, he added. At the same time, Mr. Roubini said, Mr. Macron has made some important fixes in France, increasing market flexibility, taxing some pensions and cutting the budget deficit."
Faculty News

Professor Edward Altman is interviewed about the global economy and his Z-score research

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Excerpt from Der Bund -- (Translated from German using Google Translate) "Investors seem to have forgotten the risks until recently... If there is a slowdown or even a growth stop, the powder keg will explode."
 
School News

Stern​'s Center for Sustainable Business ​is featured in a roundup of the best b-schools for sustainability

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Excerpt from BusinessBecause -- "NYU Stern has a wide array of classes that prioritize sustainability, due in no small part to the school's Center for Sustainable Business, which further bolsters the school’s resources by helping to make sustainability a core part of the program’s mission. Furthermore, the Stern Campus Greening Initiative has helped to make the school’s buildings themselves environmentally friendly."
School News

Isser Gallogly, Associate Dean, MBA Admissions and Program Innovation, is quoted in a feature story about the importance of ethics in business schools, highlighting Stern's EQ endorsement for MBA applicants

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Excerpt from BusinessBecause -- "While students are demanding an ethical curriculum, business schools are demanding MBA candidates who will become ethical leaders. NYU’s Stern School of Business in New York last year changed its admissions process to find candidates with empathy so that they can contribute to peer-learning. 'We are hoping it also helps us in terms of making sure they fit into our culture,' says Isser Gallogly, associate dean of MBA admissions at NYU Stern."
Faculty News

Professor Adam Alter is interviewed about methods to reduce smartphone use, from his book, "Irresistible"

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Excerpt from WIRED -- "'I’m not sure that greyscale will make a big difference in the long run,' he warns. 'People adapt to changes like that one, and it doesn’t completely blunt the rewards or the mechanics that make different screen experiences so appealing. You’ll still see how many people like your posts, you’ll still get plenty of texts and emails, and so on.'"
Faculty News

Professor Deepak Hegde's joint research on entrepreneurship is featured

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Excerpt from Quartz -- "The paper’s authors, Deepak Hegde, an associate professor of management and organizations at New York University’s Leonard N. Stern School of Business, and Justin Tumlinson, a senior lecturer at Loughborough University London, found that when 'potential employers perceive [an employee’s] productive capacity as lower than he does' it gives the person a reason to start their own venture."
School News

Research by the Center for Business and Human Rights on the current state of factory worker safety in Bangladesh is featured

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Excerpt from Bloomberg Businssweek -- "'Depending on how many subcontracting factories turn out to be in business, we estimate that it would cost $1.2 billion to remediate remaining dangerous conditions,' the report says. It says this sum should be the responsibility of 'an array of international actors,' along with Bangladeshi stakeholders."
Faculty News

Professor Arun Sundararajan discusses the expansion of the sharing economy into professional sectors, such as tax accounting

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Excerpt from Marketplace -- "'When you press that button on your Uber app, you might want the driver that you liked, but what you're really looking for is to get from point A to point B,' said Sundararajan. 'On the other hand, the consequences of not getting the right professional when you're requesting an accountant or lawyer are far greater.'"
School News

David Segall, Policy Associate at Stern's Center for Business and Human Rights, is interviewed about a new lawsuit in connection with ManTech's labor practices

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Excerpt from The Daily Beast -- "'It’s very common in the Gulf region, for migrant workers, particularly low wage migrant workers to have their passports confiscated upon arrival,' said David Segall, a research scholar at New York University who has studied migrant labor abuse in the Gulf."
School News

In a feature profile, Dean Raghu Sundaram showcases Stern's reputation in finance, technology and engagement with the business community to prepare future leaders to lead a changing business world

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Excerpt from BusinessBecause -- "Leading such a revered institution requires constant innovation, as the world around us is challenged to adapt to the rapid way machine learning, big data, and the future of tech are changing the way we learn. The transformation of the NYU Stern MBA reflects this. For Rangarajan, his school, and business schools like it, have a responsibility to ensure the next generation of business leaders aren’t just part of the change, but lead it."
Faculty News

Professor Paul Hardart shares his views on Sinclair Broadcast Group's must-run messages about their news coverage

Excerpt from Adweek -- "'It’s less an issue of what the content is, and one can argue that it’s innocuous or not innocuous,' said Hardart. 'I think the real issue is using local anchors and personalities who have spent their careers building trust among their communities, and they’re reciting something that isn’t necessarily their views.'"
School News

Roy Lee, Assistant Dean of Global Programs, highlights Stern's MS in Business Analytics program in a feature story on data science in business schools

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Excerpt from the Financial Times -- "Roy Lee, programme director, says that if the numbers were higher, the more 'techie' students would feel less able to share insights with their business-minded classmates, which is crucial for breaking down barriers. 'The idea is to get their two sides to share their different perspectives,' Mr Lee says. 'Students are learning from each other about where and how to apply their skills.'"
Faculty News

Professor Arun Sundararajan explains how sharing economy platforms have fostered the adoption of trust between users

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Excerpt from The Hustle -- "Arun Sundararajan, author of 'The Sharing Economy,' tells us these technologies have essentially 'expedited' the process of gaining trust. 'If you meet a stranger and know nothing about him or her, trust takes time to develop,' he says. 'But if you have a digital system that gives you a bunch of info about the authenticity of that stranger, trust can be gained instantly.'"
Faculty News

Professor Nicholas Economides offers commentary on the AT&T-Time Warner trial

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Excerpt from Bloomberg --  "Well I think there were certain weaknesses in the testimony of Carl Shapiro who was the key witness, key economist, for the government. I think AT&T was able to poke some holes in his testimony. At the same time, I do not believe that AT&T has managed to establish a theory that says consumers are going to be better off after the merger."
Faculty News

Professor Thomaï Serdari is interviewed about Hermès' "Footsteps Around the World" series on the brand's corporate social responsibility efforts

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Excerpt from Luxury Daily -- "'The series primarily isolates specific areas in which Hermès has been groundbreaking to ultimately bring out the humanistic profile of the firm, a differentiation point that only very few luxury brands can claim to cultivate,' Ms. Serdari said. 'The type of information communicated through this series is not new to those who know the brand well, but it is told in a compelling and contemporary form of storytelling that keeps the viewer engaged.'"
Faculty News

Professor Vasant Dhar explains how other social media platforms could be subject to similar scrutiny after Facebook CEO Mark Zuckerberg's Congressional testimony

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Excerpt from Barron's -- "Vasant Dhar, a NYU Stern School of Business professor and data scientist, believes social-media platforms such as Twitter and Google’s YouTube are 'likely to be under fire,' though Apple and Google proper are 'in a better position to protect the data of their consumers.'"
Faculty News

Professor Scott Galloway is quoted in a feature story on Mark Zuckerberg's leadership at Facebook

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Excerpt from the Financial Times -- "Given his majority voting control, 'this is an individual who can’t be removed from office,' says Scott Galloway, author of a book critical of big tech companies and an outspoken critic of Facebook. But even if shareholders could replace Mr Zuckerberg, it would be beside the point, he adds."
Faculty News

Professor Robert Seamans is interviewed about the Facebook Cambridge Analytica scandal

Excerpt from Asahi Shimbun -- "I think that what this helps to do is raise awareness amongst people about what type of data is being collected about them and how it's being used. ... I think one lesson is that we need to get in a mindset where we're not going to have complete privacy as consumers."
Faculty News

In a letter to the editor, Professor Michael Posner offers solutions for combating disinformation

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Excerpt from The Washington Post -- "Part of the solution is to ditch references to 'fake news' and focus instead on politically motivated disinformation. The latter gives the appearance of being factual but actually promotes deliberate, manipulative falsehoods aimed at promoting a political agenda and undermining our democratic system."
Faculty News

Professor Jonathan Haidt's book, "The Righteous Mind," is highlighted

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Excerpt from The New York Times -- "More recently, I was really struck by Jonathan Haidt’s 'The Righteous Mind: Why Good People Are Divided by Politics and Religion.'"
Faculty News

Professor Menachem Brenner's joint research on volatility in financial markets is featured

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Excerpt from the Financial Times -- "In the 1980s, Menachem Brenner and Dan Galai published a series of papers that created an actual index of stock-market volatility based on options, which they called 'Sigma'. They pitched the idea to various exchanges but at the time no one wanted to turn it into a live volatility benchmark."

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