Experience Stern | News & Events

Excerpt from Xinhua -- "'I think that the stock market reacted positively to the anticipation or expectation that taxes would go down and that corporations would have greater levels of profitability, while higher level of profitability for corporations leads to higher stock prices,' Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview."

Excerpt from Crowdfund Insider -- "New York University’s Stern School of Business announced on Thursday it is set to host its second annual Fintech Conference, which is called The Transformative Potential and Regulatory Challenges of FinTech on November 3rd."

Excerpt from Reuters -- "A year ago, the biggest discussion around the four was whose CEO is more Jesus like and how do you get your kid a job there and all of a sudden everything they do now, we are angry at. So the worm has definitely turned. Now the question is, where does stuff get real? Where do we really start seeing the conflict? And I think many of the major conflicts of the 20th century, a major conflict is brewing between governments and big tech and I believe the war... on big tech is going to break out in Europe."

Excerpt from Luxury Daily -- "'Brands’ investment in art projects serves two purposes,' said Thomaï Serdari, founder of PIQLuxury, co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York. 'On the one hand, it reinforces luxury’s proximity to the arts. On the other hand, it truly positions a brand in front of a well-trained audience with a nuanced aesthetic sensitivity and a higher disposable income.'"

Excerpt from Metro -- "'I think more companies should move to reduce the wage gap by increasing the salaries of people making below 70K in the company and reducing those of the C-Suite,' she says, 'academic studies consistently point to no financial benefit to shareholders of paying the type of salaries CEOs currently command and there is clear societal value in paying people a decent wage.'"

Excerpt from Bloomberg -- "'Tech is going to be an important part of people’s jobs,' said Vasant Dhar, a professor at New York University’s Stern School of Business. 'People who do things the traditional way -- who don’t look for more efficient ways to do what they were doing or don’t incorporate technology effectively -- those are all going to be disadvantages.'"

Excerpt from The New York Times -- "'One problem for people who choose to be without phones is, as you found, that people expect you to have one, and infrastructure is designed with the knowledge that almost everyone does,' Mr. Alter said. 'You’re borderline forced to carry one for basic utility even if you’d prefer not to.'"

New York University’s Stern School of Business, the first business school to establish a FinTech specialization for MBA students, will host its second annual FinTech Conference, entitled “The Transformative Potential and Regulatory Challenges of FinTech,” on Friday, November 3, 2017. 

On October 19, John E. Herzog (MBA '71), former member of the NYU Stern Board of Overseers, sat down with Professor Melissa Schilling for a discussion of his new book, A Billion to One: The Story of Herzog, Heine, Geduld, Inc. 

Excerpt from Bloomberg -- "Well I think taking over is a little strong, I think robots are definitely making inroads into wall street in a number of areas, but they're not going to take over wall street any time soon. The advantages that robots have is that they can learn from data so wherever you have lots of data available those are the obvious places where robots can make inroads and that is what we have seen happening."

Excerpt from The National -- "Issuing retail digital cash would effectively mean the demise of fractional reserve banking. As Max Raskin and David Yermack noted in a paper for the National Bureau of Economic Research: 'A sovereign digital currency could have profound implications for the banking system, narrowing the relationship between citizens and central banks and removing the need for the public to keep deposits in fractional reserve commercial banks.'"

Excerpt from Investing.com -- "Amazon Prime symbolizes how Amazon plays the long game, an investment that has taken a decade to bear fruit, but one that will be the foundation on which Amazon launches into new businesses. I know that there are many companies that model themselves after Amazon, but unless these 'Amazon Wannabes' can match its narrative consistency and long time horizon, it will remain a one of a kind."

Excerpt from the Stamford Advocate -- "'You’re getting information about what is flowing from one party to another, where that is taking place and how often people transact,' Dhar said. 'That has tremendous value. You can figure out what else you can sell as a service. At the end of the day, the real value is not in the technology; it’s in the data.'"

Excerpt from The Globe and Mail -- "Prof. Favilukis and Stijn Van Nieuwerburgh, a professor at the New York University Stern School of Business, described Vancouver and New York as 'two poster children of the [out-of-town] investor debate' that prompted them to develop their model of investor impact."

Excerpt from CNBC -- "Galloway said companies like Uber — with a valuation of $70 billion according to recent company press releases — would likely be worth much less if subjected to the scrutiny of the public market. The inflation, he said, comes from market dominance. 'I think the algorithm for creating shareholder value in the private markets right now is: Find a great market, put together a great team, have technology at the heart, and establish your position as the perceived leader,' Galloway said."

Excerpt from Inc. -- "Ari Ginsberg, a profess of management at New York University's Stern School of Business, says it's smart for companies to be drawing up Plan Bs-- in anticipation of the changes Trump has proposed, and the impact they might have on expenses. 'It doesn't hurt to spend time you otherwise wouldn't on contingency plans,' he suggests."

Excerpt from the Financial Times -- "Mervyn King, a former Bank of England governor, says the UK’s desire for a transition deal shows that Mrs May’s government scarcely knows its own mind. 'It’s more of a kick-the-can-down-the-road plan to put things off for a period,' he says."

Excerpt from BusinessBecause -- "The CDL-NYC focuses on maximizing the value for science and technology startups by pinpointing VC funding for the MBA curriculum. CDL Toronto, where the model has pioneered, has generated more than $1 billion of equity value in the five years since its founding. 'For successful high-tech entrepreneurship in a region, two things are essential,' says professor of management at NYU Stern, Deepak Hegde."

New research from NYU Stern PhD student Christopher To and Professor Gavin Kilduff, along with Lisa Ordóñez of the University of Arizona and Maurice Schweitzer of the Wharton School at the University of Pennsylvania, finds that rivalries increase an individual’s propensity to make risky decisions, which may help or harm the greater whole. 

Excerpt from Poets & Quants -- "New York University Stern School of Business announced Oct. 10 that it will enter a partnership with the University of Toronto’s Rotman School of Management to establish the first Creative Destruction Lab — CDL-New York City — in the United States. The program is laser-focused on maximizing value for science and technology startups through the unique CDL model that integrates the venturing process with the MBA curriculum."

Excerpt from The Real Deal -- "In order to break even with the average annual rent for a long-term lease, an Airbnb host would have to rent an apartment on the home-sharing site for an average of 216 days, up from 194 days in 2012, according to a new study."

Excerpt from the Harvard Business Review -- "Research on psychological standing shows that one aspect of men’s reluctance to advocate for gender-parity initiatives is they don’t think it’s their place as men."

Excerpt from Journalism.co.uk -- "'My hope with this report is that news outlets will find people within their organisations who can track the trends internally on a regular basis, methodically and using tools in order to be better equipped for what's coming up on the horizon,’ Amy Webb, founder of the Future Today Institute, told Journalism.co.uk."

Excerpt from Bloomberg -- "Nouriel Roubini, a professor at NYU’s Stern School of Business, says monetary policy should be more aggressive if inflation is going to stay low. Finally, Pierre Moscovici, the European Commissioner for Economic and Financial Affairs, Taxation and Customs, says populism in Europe has lost battles but not the war."

Excerpt from Forbes -- "Seems to me [the state of digital privacy] benefits entrants—it is easy to get customer data. A digital start up needs data. They can get good data on MIT students, at least, by giving away pizza."