Experience Stern | News & Events

Excerpt from Bloomberg -- "Both the S&P 500 Index and the Dow Jones Industrial Average closed at record highs last week. Edward Altman, a finance professor at New York University who specializes in corporate borrowing, reckons equity investors are blind to the risks being signaled in company debt."

Excerpt from The Economist -- "Mr Spence’s flagship contribution was a 1973 paper called 'Job Market Signalling' that looked at the labour market. Employers may struggle to tell which job candidates are best. Mr Spence showed that top workers might signal their talents to firms by collecting gongs, like college degrees."

Excerpt from The Washington Post -- "'It became a cash cow for them and generated lots and lots of revenue,' said C. Samuel Craig, director of the entertainment, media and technology program at New York University’s Stern School of Business. 'And then it slowly began to disappear, and it was supplanted by the DVD.'"

Excerpt from Bloomberg -- "What should monetary policymakers do if they don’t know the natural rate and therefore can’t be sure if rates are too high or too low? Avoid sudden moves, advises Kim Schoenholtz, director of the Center for Global Economy and Business at New York University’s Stern School of Business. 'When you’re driving on a cliff road on a foggy night, you go slow, and that’s what they’ve been doing,' he says."

Excerpt from The New York Times -- "...moral satisfaction alone won’t pay the rent. You’ll be more likely to land a job that offers attractive working conditions and pays well if you can develop deep expertise at a task that people value highly."

Excerpt from China Radio International -- "I do think that most of the re-shoring that we have seen--and I think it's a good point that this is not a huge, huge wave yet--is really driven by business reasons. Companies are really looking to better control their supply chain. So it's things like speed and quality and flexibility that they have by having the supply chain stay in the US, which they just can't get by having it in China or Vietnam or Cambodia or elsewhere."

Excerpt from TIME -- "In the early days, Airbnb 'often started with the position that the laws don’t fit,' says Arun Sundararajan, a business professor at NYU, who has studied the company."

Excerpt from US News & World Report -- "When learning about supply chain management as part of the leadership-oriented MBA degree, students may also gain knowledge in areas of business that can complement their supply chain studies, says Natalia Levina, one of the academic advisers for the supply chain management and global sourcing specialization in Stern's MBA program."

Excerpt from Luxury Daily -- "'Gucci has moved from a fashion to a lifestyle brand,' said Thomaï Serdari, Ph.D., founder of PIQLuxury, co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York. 'The new line of jewelry and watches is featured in this new campaign individually as precious accents that dot the backdrop of the Gucci world.'"

Excerpt from Bloomberg View -- "Haidt’s central finding is that across many cultures, human beings have embraced five distinct moral foundations: fairness, avoidance of harm, respect for authority, purity (as opposed to disgust), and loyalty. Contemporary U. S. conservatives embrace all five; liberals emphasize the first two, but care much less about the last three."
 

Excerpt from the Associated Press -- "'The common thread with the bank failures in the 2007-2008 crisis was these banks were weakly capitalized, not that they had both investment bank and commercial bank operations,' said Kim Schoenholtz, an economics professor at the New York University Stern School of Business. 'The goal of the people who want to bring back Glass-Steagall is to make the system safer. But this is just a bad idea.'"

Excerpt from Bloomberg -- "The industry's restructuring. Actually, the entire financial services industry, relative to the GDP, is not going to be as large as it was. It'll be healthier."

Excerpt from The Washington Post -- "Irving Schenkler, a clinical professor of management communication at New York University’s Stern School of Business, said many firms follow a standard protocol about who can speak to the media. Usually that’s someone in communications. Or, occasionally, a crisis public relations strategist. But 12 voices at once? 'It’s quite striking to see such a leaky corporate vessel in real time,' he said. 'This is not an example of well-calibrated managerial response to a crisis type of situation.'"

Excerpt from Bloomberg View -- "Romer’s most famous academic work is the theory of endogenous growth, which he created in the 1980s and 1990s. The basic idea is that in order for tech to progress, society has to spend money, either via government research or corporate research and development. So there’s a natural feedback loop between the economy and technology."

Excerpt from the Financial Times -- "'Some people have been surprised at what Jeff has been able to accomplish at a difficult time for CNN,' says Al Lieberman, a professor who worked for Mr Murdoch in the early 1990s. 'Don’t be surprised if Murdoch turns around and talks to a guy like Zucker.'"

Excerpt from Bloomberg -- "Graff explained that companies, in addition to paying moving expenses and real estate commissions, will sometimes pay a relocation company to buy the house the GC is leaving behind, to smooth the transition. 'It’s fairly typical,' said David Yermack, who studies executive compensation at the NYU Stern School of Business. 'You’re not gonna lose a guy you really want over moving expenses.'"

Excerpt from Financial Times -- "'[Rupert] doesn’t deviate much … the stance is we’re winning and it’s not broken, so don’t fix it,' said Al Lieberman, a professor at New York University who worked for Rupert Murdoch from 1985 through 1993."

Excerpt from The Christian Science Monitor -- "'It's typical for someone to be arrested and held in jail for an indefinite period of time but then quietly released. That hasn't happened in this case which I think is a good sign that there continues to be energy around accountability for the factory collapse,' Sarah Labowitz, a co-director of New York University's Stern Center for Business and Human Rights, tells The Christian Science Monitor. 'But we haven't seen resolution yet and many of those who are indicted are living abroad or have escaped Bangladesh, so will there ever be accountability for those people?'"

Excerpt from Fast Company -- "In one experiment led by psychologists David Dunning and Justin Kruger, participants were asked to rate their abilities and offered a monetary reward if they were able to assess themselves accurately. In spite of that motivator, though, people still overestimated their skill level considerably. Try as we might, it appears many of us assume we're more competent than we are simply because we aren't aware of what we don't know. Even unintentionally, our own ignorance compounds."

Excerpt from The Wall Street Journal -- "As AI advances and more machines start making unsupervised decisions, companies will face tough questions about exactly when humans do or don’t need to be involved in decisionmaking. 'The consequences of mistakes at the moment are just unknown,' NYU’s Mr. Dhar said. The recent crash of an Autopilot-equipped Tesla shows the challenges of coordinating the behavior of humans and machines."
 

Excerpt from The Economist -- "In [Romer's] 'endogenous growth' theory, new ideas materialise as firms invest in physical capital or research and development, creating knowledge that spills over to the rest of the economy. That suggests that open economies, with institutions that encourage investment in physical and human capital, ought to do best."

Excerpt from Investor's Business Daily -- "'When you have an application of your own and you also control the distribution through the Apple App Store (of rival apps), that can easily raise anti-competitive concerns,' Nicholas Economides, a professor at New York University's Stern School of Business, told IBD."

Excerpt from CNBC -- "The Securities Act of 1933 and the Securities Exchange Act of 1934 dramatically increased the information that companies and stock dealers had to provide to investors. This reduced the risk premium accorded to stocks, and it allowed advocates like William Greenough of TIAA to make the case that equities belonged in long-term portfolios, given that investors could make informed decisions about which stocks to buy, Sylla argues. Further, the shift to earnings reports meant that investors could view earnings growth, rather than simple dividend growth, as a key component of future returns. This meant earnings were increasingly reinvested in the businesses rather than doled out as dividends, Sylla wrote in an email to CNBC."

Excerpt from The New York Times -- "...as the N.Y.U. social psychologist Jonathan Haidt points out in an outstanding essay in The American Interest, over the past several decades a different mind-set has emerged. People with this mind-set value the emancipated individual above the cohesive community. They value, or at least try to value, self-expression, social freedom and diversity. Their morality is not based on loyalty to people close to them; it’s based on a universal equality for all humans everywhere."

Excerpt from US News & World Report -- "The excitement around Tesla, its brand, and its enigmatic, Tony Stark-like leader create more than just intangibles and billionaires talking their book, says Scott Galloway, founder and chairman at L2 Inc., a leading intelligence firm that benchmarks overall brand performance. 'You could argue that Tesla has access to the cheapest capital in the history of the automobile industry … it makes sense from a capital allocation standpoint' to take on expensive endeavors like the gigafactory. Galloway points to Tesla's price-sales ratio, which is 7.8, and notes that General Motors Co.'s (GM) P/S is a mere 0.3, making secondary offerings a less attractive way to raise money."