Experience Stern | News & Events

Excerpt from Nikkei Asia -- "'They just welcomed all forms of investment at a high and a low level,' Foudy said of the country. 'Basically it serves as a headquarters for multinationals, servicing much of Asia. It combines stability with a Western legal system and property rights. It has a challenge of rising inequality, but it also is a country that essentially has no capital gains tax or inheritance tax as well. So it's become sort of a magnet for the wealthy and the people trying to find safety and security.'"

Excerpt from the Financial Times -- "Using his own research, Sundararajan finds that workers on digital marketplaces in the US earn slightly more than nondigital counterparts. A key challenge for these workers, however, is outdated employment laws that draw a line between independent contractors (such as Uber drivers, who work for themselves) and full-time employees, who are eligible for benefits. Sundararajan suggests a new category of 'dependent contractor', which would allow companies to provide some training and benefits without triggering full employment status."

Excerpt from BizEd -- "The fact that data reporting seems 'frozen in time' is a serious problem for the accounting field, according to Baruch Lev of NYU and Feng Gu of SUNY Buffalo. They write, 'We grade the ubiquitous corporate financial report information as largely unfit for twenty-first century investment and lending decisions.' They propose a new type of report that includes information about 'patents, brands, technology, natural resources, operating licenses, customers, business platforms…and unique enterprise relationships.' This sharp, smart book takes a new look at an old discipline."

Excerpt from Salon -- "...over the last 50 years we’ve relied on brand-based trust for most of our everyday economic activities. You let your kid ride the roller coaster at Six Flags but not at the park by the side of the road. You feel comfortable drinking a Coke in a foreign country… Now we are digitizing a lot of social capital, learning from the experience of others. And with that infrastructure comes new peer-to-peer commercial activity."

Excerpt from CNBC -- "Roubini, nicknamed 'Dr Doom' after a series of gloomy forecasts, laid out his warnings for the U.K. in a series of tweets on Tuesday, ahead of the referendum Thursday. He argued that the country's substantial current account and fiscal deficits 'may risk a sharp currency fall and a sudden stop of capital' if a majority of voters opt to leave the EU."

Excerpt from Politifact -- "'Retail prices for imported goods into the U.S., and for domestic goods that are reasonable substitutes for imported goods, would increase,' said Lawrence J. White, a professor at New York University’s Stern School of Business. 'This surely does mean a higher cost of living.'"

Excerpt from Fast Company -- "The executive pay bump in favor of women was recently explored by NYU Stern professor Lisa Leslie. An extensive study of high-potential female professionals at Fortune 500 companies, found that 8% of female leaders earned more than their male counterparts. Leslie believes this is driven by corporate diversity initiatives that value the contributions of their under-represented female cohort. And we know that the tech industry has been working hard to correct its lack of diversity for several years now."

Excerpt from BusinessBecause -- "In recent years business masters students, and MBAs, have flocked... to tech employers, such as Google, Amazon, and Facebook. 'Data is their business,' said Vasant Dhar, NYU Stern professor of data science. He added: 'The growth path for all of them is about how to obtain more and better data about people, places, [and] events, and to put it all together into innovative products and services.'"

Excerpt from Quartz -- "Trust in the US has been falling over the last 40 years. This drop has been particularly acute among people who are in the age group of millennials. This is the generation that grew up digital. I think part of their embracing the sharing economy is a rejection of what used to facilitate trust, and an embracing of the trust mechanisms that are native to them."

Excerpt from Strategy + Business -- "...when people believe others are better off, they want things they think those other people don’t have. However, when the items are less available because their peers already have them, it diminishes the ability for these items to offset the relative imbalance in resources, and the effect goes away."

Excerpt from Marketplace -- "'There's a big social element to it,' said Sam Craig, a professor of marketing at the NYU Stern School of Business. 'You want to see it, because you've got friends that watch it, and you want to be able to talk about it. You want to be in the know.'"

Excerpt from CNBC -- "The consensus seems to be that the European experiment has failed. I beg to disagree; and would argue that, on the whole, the European Union will go down in history as one of the continent's greatest moments."

Excerpt from the Financial Times -- "The personality and talent of bank executives is more important in shaping the risk taking of the institutions they work for than pay, bonuses or education, an analysis of more than 1,500 top US bankers has found."

Excerpt from The Guardian -- "Meanwhile, a landmark study by Thomas Philippon, professor of finance at New York University, has calculated the productivity of finance since the 1880s. His central finding is that despite extraordinary improvements in technology and computing driving down costs across a multitude of sectors, there has been no reduction of costs in finance."

Excerpt from Al Jazeera -- "As part of the EU, Britain is part of various treaties with hundreds of countries for preferential treatment. Now all these will have to be negotiated from scratch if Britain leaves the European Union. Additionally, Britain is a financial center for most American corporations to Europe. So the banks, for example, the American banks have their EU operations, the European operations, in Britain. So if Britain is out of Europe, things are going to change. They'll have to move to Frankfurt and so on. Britain is going to lose tremendously as a financial center if that happens."

Excerpt from CNBC -- "As Professor Scott Galloway of NYU says, 'Advertising is increasingly a tax that poor people or the technologically unsophisticated pay,'..."
 

Excerpt from The Wall Street Journal -- "Aswath Damodaran, a finance professor at New York University and an expert on valuing companies, points out that companies’ past earnings come from a period in which the risk-free rate was much higher."

Excerpt from The Baltimore Sun -- "BGE joins a small club of companies to celebrate a bicentennial. The exact number of members is hard to pin down, but many of the companies that make it this far have a few things in common: They offer goods or services that never go out of style, and they are large enough to carry on after a top executive dies, said Richard Sylla, an economic historian and professor at New York University's Stern School of Business."

Excerpt from Bloomberg -- "Well, I think we're at the early stages of a pretty massive transition in how we organize economic activity. In the 20th century, we reached sort of the pinnacle of organizing economic activity inside massive hierarchies, large corporations. We're starting to take it out of the corporations and have it flow through these things called platforms, like Uber, Airbnb and Etsy."
 

Excerpt from The Economist -- "In a paper published earlier this year, Mr Simonoff and his colleagues found that while shows that received positive reviews in USA Today and the Daily News tended to survive longer on Broadway, reviews in the New York Times has no statistically-significant effect."

Excerpt from TED -- "Sundararajan, a professor at New York University’s Stern School of Business, sees enough value in the sharing economy — today’s networked, person-to-person exchanges of goods and services — to be an optimist. What’s more, he says, the potential advantages are not just commercial but can make us a more connected and trusting society."

Excerpt from Marketplace -- "At New York University’s Stern School of Business, finance professor Roy Smith said he teaches that shareholder value is a core tenet of American economics and law. ... But even Smith said companies should adhere to the ethical norms of the era they’re in. 'You can only go so far in the pursuit of pure profits,' he said."

Excerpt from Bloomberg View -- "We had a well-defined notion a couple hundred years ago of markets where individuals sold to other individuals. We have a pretty well-defined notion today of a large hierarchy that produces and delivers goods and services. I see the sharing economy platforms as somewhere in between. They’re creating this new hybrid between firms and markets, and there’s still a process of figuring out how much of an organization and how much of a market you should be."

Excerpt from Forbes -- "Virtual reality is one of the latest technologies marketers are trying to wrap their heads around to figure out how to best utilize the tool to achieve brand objectives. While we’re only at the tip of the iceberg in terms of impactful ways to use VR for marketing, several pioneers have found creative ways to do it well and support their unique value propositions."

Excerpt from ABC News -- "Joseph Foudy, who teaches several courses on Asia and Asian economies at NYU's Stern School of Business, said the resort will likely experience 'teething problems' in the beginning, such as crowd management and other operational glitches, but he predicts the park will be a resounding success."