Experience Stern | News & Events

Excerpt from Ethisphere -- "Each year, Ethisphere recognizes 100 individuals that have made a material impact in the world of business ethics and compliance through the annual 100 Most Influential People in Business Ethics list."

Excerpt from The New York Times -- "Many American voters, Haidt wrote, perceive that the moral order is falling apart, the country is losing its coherence and cohesiveness, diversity is rising, and our leadership seems to be suspect or not up to the needs of the hour.'"

Excerpt from The Washington Post -- "Horton and Zeckhauser expect companies to design more products in the future with an eye to making them more easily shareable – for example, building cars and houses that you can lock and unlock remotely. They also say that more products could be linked to the internet of things to help platforms figure out when they aren’t being used and allow others access to them."

Excerpt from TheStreet.com -- "'Though global brands assert they have strict policies against subcontracting, in reality, millions of workers and thousands of smaller factories are producing their goods,' said Sarah Labowitz, co-director of the Stern Center for Business and Human Rights."

Excerpt from The Atlantic -- "As a new National Bureau of Economic Research paper documents, tweaking taxes can also play a role in determining the degree of risk companies are willing to take on. The paper’s authors, Alexander Ljungqvist of New York University, Liandong Zhang of City University of Hong Kong, and Luo Zuo of Cornell, took a look at the impact that fluctuations in state taxes had on a company’s earnings, using increased earnings volatility as a signal of having taken on more risk."

Excerpt from Behind the Thread -- "Our research is on the nature of the supply chain in Bangladesh. And what we found is there are so many more factories than anyone had previously understood. And moreover that the global fashion industry, the fashion brands that rely on Bangladesh as a major sourcing destination are only really acknowledging those factories at the tip of the iceberg. In some ways, they're kind of cherry-picking the best factories and doing a lot of monitoring and having relationships with those factories. But those factories are supported by a wide network of indirect sourcing factories, subcontractors that, in our metaphor, are really below the surface."

Excerpt from Crain's New York -- "Breaking up the banks would be massively inefficient, Smith said, adding that 'you have a bigger chance of being run over by a stampede of wild buffalo on Fifth Avenue than this going through. ... If investment banking were to be spun off from the banks, it would mean all the banks could do 'is give you a house mortgage and an auto loan,' according to Smith."

Excerpt from Bloomberg View -- "There is a lot of casual talk about how Ferrari will command a premium because of its name and some have suggested that you should add that premium on to estimated value. In an intrinsic valuation, it is double counting to add a premium."

Excerpt from Fast Company -- "According to Beth Bechky, who teaches courses in managing high-performance teams at New York University’s Stern School of Business, it’s easy for a team to assume that if the members of a team are still the same, nothing has actually changed. But now that you’re in a new position, even though you’re working with the same people, 'that’s a moment at which everyone needs to reflect on what they’re doing,' Bechky says."

Excerpt from ValueWalk -- "There are certainly instances of good and bad activism, but each case is unique and should be evaluated on its own merits. To me, it’s undeniable that the trend of shareholders having a greater voice is a positive change that is long overdue."

Excerpt from WIRED -- "... That flagging optimism may, for good reason, extend to tech. For one, investors may be worried that overvalued tech startups could subject markets to more less-than-stellar IPOs, says New York University business school professor Roy Smith."

Excerpt from CNN -- "I think, 2016 from a geopolitical perspective, is the worst risk environment that we've been exposed to. You've got the most powerful terrorist organization in history, you have six failed states in the broader middle east, you have a refugee crisis that is unprecedented. All three of those things will get worse, and that's before you count the weakness and vulnerability of the Saudi Regime, which has, of course, led to the conflict we now have with Iran."

Excerpt from CityLab -- "A productivity analysis of 40 U.S. metros of varying populations, conducted by Shlomo Angel and Alejandro Blei of
 the Urbanization Project at New York University [Stern School of Business], found that cities with twice the number of jobs sustained a labor market nearly double in size within a 'tolerable' commute of 30 (87 percent), 45 (94 percent), or 60 minutes (97 percent)."

Excerpt from Marketplace -- "... at Whole Foods, a member of staff regularly comes by to keep things looking neat. Eggers said it’s this kind of attention to detail that makes Whole Foods stand out from its cheaper competitors. 'The whole idea is this emotional connection they build between you and the store that makes you feel guilty if you go somewhere else,' he said. 'That makes you desire to go back, and makes you feel happy when you’re there.'"

Excerpt from Project Syndicate -- "At the cusp of the new year, we face a world in which geopolitical and geo-economic risks are multiplying. Most of the Middle East is ablaze, stoking speculation that a long Sunni-Shia war (like Europe’s Thirty Years’ War between Catholics and Protestants) could be at hand. China’s rise is fueling a wide range of territorial disputes in Asia and challenging America’s strategic leadership in the region. And Russia’s invasion of Ukraine has apparently become a semi-frozen conflict, but one that could reignite at any time."

Excerpt from Macleans -- "'I hope that firms will realize that consumers prefer simple and straightforward pricing to pricing that they do not understand,' says Vicki Morwitz, a professor of marketing at the Stern School of Business at New York University. 'While consumers may be fooled once by paying for an unexpected surcharge because they do not want to have to begin their shopping all over or admit that they made a mistake, they will be less likely to want to do business again with a firm they feel tricked them into paying more than they thought they should.'"

Excerpt from The Economist -- "Baruch Lev of New York University has found that companies with higher CSR scores have higher revenue growth. Yet the more vigorous companies are in reducing their taxes, the more they destroy any social capital that they have accumulated through CSR."

Excerpt from Edge.org -- "My nomination for 'news that will stay news' is a paper by political scientists Shanto Iyengar and Sean Westwood, titled 'Fear and Loathing Across Party Lines: New Evidence on Group Polarization.' Iyengar and Westwood report four studies (all using nationally representative samples) in which they gave Americans various ways to reveal both cross-partisan and cross-racial prejudice, and in all cases cross-partisan prejudice was larger."

Excerpt from Scientific American -- "Marketing expert Gavin Kilduff of New York University looked at six years of racing data and interviewed runners about their 'rivals'—people of similar age and ability with whom they raced often and felt competitive toward. They found that people ran harder and faster when racing against their rivals."

Excerpt from Bloomberg -- "Chipotle's advantage in the market was based partly on having quality food, but also based on this reputation of a trust and a belief that the food had integrity. ... That violation is a serious concern for a company whose reputation is a huge part of their advantage."

Excerpt from CNBC -- "... I look at an IBM and it's a stock that looks cheap, that's looked cheap for a while and it keeps looking cheap. And unlike the other tech names, for instance Apple, I look at IBM and I can't see anything happening in the business that's exciting. So if it makes it back, it'll be purely as a dividend play. So to me, it's a stock that will continue to look cheap."

Excerpt from the Financial Times -- "Aswath Damodaran, NYU Stern professor, blames the industry’s short life cycle, which sends chief executives on desperate shopping sprees for growth."

Excerpt from South China Morning Post -- "'The defender can try to dilute the acquirer by issuing new shares, but this is hard to do on short notice unless he can line up a sizable new buyer, which may be the case here, who will have terms and requirements of his own,' Smith said."

Excerpt from The Atlantic -- "In the last 35 years we have made huge strides in reducing extreme poverty, progress that is ongoing. In 1980, half the world's population was living below the extreme poverty line; that number has now fallen to 25 percent and continues to decline. A globalized economy has been the main driver, creating millions of new jobs in less developed countries."

Excerpt from Women's Wear Daily -- "'In my view, this is an opportunity for leaders within BGMEA and Bangladesh to look more broadly at the problem and think about how to solve it. The global brands also have a responsibility. I think they have also made this more difficult by making it clear that subcontracting is not a problem or that they have got it under control. They should also acknowledge that they have benefited enormously from the lack of oversight and the artificially low cost from subcontracting, because it doesn’t require compliance,' [Labowitz] observed."